3I0-012 Exam Questions

A sold JUN 3-month STIR-future should be reported in the gap report as of 22 May:

You have made a price by a Japanese bank in (SD 2,000,000.00 against JPY. They made you 98.95-03 and you took the offer. USD/JPY is now quoted 98.78-81 and you square your position...

To establish and maintain a short position in deliverable securities, you must:

What is the minimum basis on which a BCP should be updated and tested?

What does the Model Code recommend with regard to any give-up agreement between a prime broker and an executing dealer?

When initially negotiating an interest rate swap, a principal indicated his intention to assign it to a third party. In executing such a transfer:

When an employee executes a personal trade in advance of a client's or institution's order to benefit from the anticipated movement in the market price following the execution of a...

Dealers are allowed to trade for their own account only if:

What does the Model Code recommend regarding the practice of "name switching/substitution"?

If there is a need for assistance to help resolve a dispute over differences between a broker and a bank, the Model Code suggests turning to:

In spite of having agreed to a deal, dealers are not bound to its terms if it is "subject to documentation". What position does the Model Code take with regard to this practice?

What recommendation does the Model Code make in cases of market disruption?

What are 1MM dates?

A 3-month (91-day) UK Treasury bill with a face value of GBP 50,000,000.00 is quoted at a yield of 4.25%. How much is the bill worth?

Which of the following are quoted in terms of a discount rate?

In case of a default on a repo by the seller:

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

If EUR/USD is quoted to you as 1.3030-40 and GBP/USD as 1.5320-30, at what rate can you sell GBP and buy EUR?

When performing a gap analysis, into which of the following time buckets should a 5-year floating- rate note with a 6-month LIBOR coupon be slotted?

Risk capital is intended to ensure that an institution can:

You have just sold USD 5,000,000.00 spot against JPY. What type of risk does not apply?

If the daily 90% confidence level VaR of a portfolio is correctly estimated to be USD 5,000.00, one would expect that:

Which of the following definitions of a nostro account is correct?

Under Basel rules, what is the meaning of IRB?

Which position below is NOT a component of common equity Tier 1 capital?

With reference to dealing periods, what does the term "short dates" refer to?

Which of the following statements is false? The repo legal agreement between the two parties concerned should:

An option granted by the seller that gives the buyer the right to enter into an underlying interest rate swap transaction is ca lied:

How many USD would you have to invest at 3.5% to be repaid USD125 million (principal plus interest) in 30 days?

What rate should be used if the settlement date in a foreign exchange transaction is no longer a "good" date?

What is the day count/annual basis convention for euroyen deposits?

Which of the following are transferable instruments?

Which of the following is sometimes called two-name paper?

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

Which type of repo is the least risky for the buyer?

The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75- 80%. As collateral, you are offered EUR25 million nominal of the 5.5% OAT April 2006, whic...

If EUR/USD is quoted to you as 1.1050-53, does this price represent?

How much is a big figure worth per million of base currency it EUR/GBP is 0.6990?

What is the incentive for market-making?

The torward points are calculated from:

If 6-month EUR/AUD is quoted at 29/32, which of the following statements is correct?

What is an FX swap?

If I say that I have "bought and sold" EUR/USD in an FX swap, what have I done?

The mid-rate for USD/CHF is 1.3950 and the mid-rate for AUD/USD is 0.7060. What is the midrate for CHF/AUD?

Your are quoted the following rates: spot CHF/JPY 60.12-22 3M CHF/JPY 25.5/22.5 At what rate can you buy 3-month outright JPY against CHF?

You are quoted the following market rates: Spot USD/JPY 123.65 1M (30-day) USD. 2.15% 1M (30-day)JPY 0.10% What is 1-month USD/JPY?

A forward-forward loan creates an exposure to the risk of:

You have a USD loan that is priced at 3-month LIBOR+50. LIBOR for the loan will be re-fixed in exactly one month. The market is quoting: 1x3 USD FR

You bought a USD 4,000000 6x9 FRA at 6.75%. The settlement rate is 3-month (90-day) BBA LIBOR, which is fixed at 5.50%. What is the settlement amount at maturity?

The major difference between futures and OTC instruments like FRAs and interest rate swaps is that futures are: