Question 1

On fixing date, the settlement payment of an NDF reflects the differential between the agreed forward rate and:

Options :

A : the daily high

B :

the days' average rate

C : the fixing spot rate

D : the average rate over the NDF period

Answer: C

Question 2

If GBP/USD is 1.5350-53 and USD/JPY is 97.50-53, what is GBP/JPY?

Options :

A : 63.52-53

B : 149.66-74

C : 63.51-54

D : 149.69-71

Answer: B

Question 3

Click on the Exhibit Button to view the Formula Sheet, If GBP/USD is 1.5350-53 and USD/JPY is 106.50-53, what is GBP/JPY?

Options :

A : 69.36-39

B : 163.48-56

C : 163.51-52

Answer: B

Question 4

How is a USD Overnight Indexed Swap (OIS) settled?

Options :

A : Two days after maturity by net payment

B : Periodic exchange of fixed and floating payments up to and including maturity

C : After maturity by exchange of fixed and floating payments

D : At maturity by net payment

Answer: A

Question 5

What usually happens to the collateral in a tri-party repo?

Options :

A : It is held by the seller in the name of the buyer

B : It is held by the tn-party agent in the name of the buyer

C : It is put at the disposal of the buyer

D : It is frozen in the sellers account with the tri-panty agent

Answer: B