先試後買

A. the duplicate receipt of funds from a counterparty

B. the duplicate payment of funds to a counterparty

C. the non-receipt of funds from a counterparty

D. the non-payment of funds to a counterparty

A. at any time before the contract's maturity date

B. on the maturity (final) date

C. on the trade date

D. at the beginning of the forward period

A. one net settlement per day

B. one net settlement per currency, per counterparty, per day

C. one net settlement per currency, per day

D. multiple settlements per currency, per counterparty, per day for those netted settlements

A. market maker

B. paying agent

C. fiscal agent

D. purchase agent

A. 100%

B. less than 100%

C. more than a bond selling at a premium

D. more than 100%

A. The cash settlement amount on a FRA is usually a discounted amount.

B. The settlement amount on a FRA is not based on the LIBOR for the relevant period.

C. The settlement amount is paid at the trade date of a FRA.

D. The settlement of a FRA is paid at maturity date.

A. pay USD 12,330.46

B. receive USD 12,330.46

C. pay USD 12,163.81

D. receive USD 12,163.81

A. to provide an overview of all the transactions listed by counterparty

B. to compare the cash entries that have passed through the banks internal nostro accounts, with the actual cash movements at the banks agent account. Thus, expected cash movements are reconciled with actual cash movements.

C. to compare expected securities movements with actual securities movements

D. to compare the securities entries that have passed through the banks internal nostro accounts, with the actual securities movements at the banks agent account

A. NAK

B. BAC

C. PAC

D. ACK

A. it should be based on bilateral limits

B. it should be based on the BIC-address and country

C. it should be based on the days past settlement date, value and/or likely compensation

D. it should be based on the relationships of the institutions involved

A. makes sure the opening position for the current day is the agreed and reconciled position from the previous day

B. makes sure the previous days pending position is the opening position for the current day

C. He/she checks to see which countries have bank holidays that day

D. He/she checks to see which dealer is in charge of which currency for that day

A. settlement risk and counterparty risk

B. market risk, settlement risk and counterparty risk

C. market risk, settlement risk and basis risk

D. market risk and settlement risk

A. You should report the gift to management and leave it to the management's discretion as to whether you are allowed to keep the gift.

B. You should accept the gift without question as it was personally addressed to you.

C. You should share the gift amongst your back office colleagues.

D. You should decline the gift.

A. the United Kingdom

B. the United States of America

C. Gambia

D. Germany