3I0-013 Exam Questions

Which of the following statements about operational risk awareness is correct?

Payments to the wrong correspondent, payments in the wrong amount, late or duplicate payments are considered:

What does LIBOR stand for?

The difference between the bid and the offer rate of a money market quotation is called:

Which department is responsible for originating deals?

Confirmation is a function that can be performed by:

In trading, which is the most often used deal capture system?

A bank in Luxembourg has dealt an interbank money market trade with a Canadian bank and must pay USD. Whom does the Luxembourg bank you instruct for payment?

What is a feature of multilateral netting?

When is the final cut-off time for foreign payment orders in the Fedwire Funds Service?

What is the meaning of settlement (Herstatt) risk?

What are the communication channels most often used for investigations?

Which of the following is the main objective of position-keeping?

Which of the following steps describes the correct sequence for running an investigation?

What is a bank required to do when entering into a new business relationship with a naturalperson?

The risk that an institution will experience a loss on a trade or a position due to an adverse exchange/interest rate movement is best described as:

Which of the following trades involves replacement risk?

A large corporate client sends you a case of expensive wine as a reward for settling a compensation case in theirfavor. What should you do?

What type of documentation is recommended for repos in the international markets?

If you had bought USD/CNY at 6.2500 in a NDF and if it fixed at a spot rate of 6.3000, you would expect to:

If a spot next EUR/USD FX Swap is traded on Monday, 18 August, and there are no holidays in the relevant currencies during the week of August 18 - 22 what would be the value dates...

The discount or premium on forward foreign exchange points is calculated based on:

If the EUR/USD is quoted to you as 1.3550-53, what does this price represent?

Forward points represent:

Which of the following are products used in bank liquidity management?

On the sale of a CD, the seller:

The interest earned on a HUF 5.000.000.00 money market deposit for 90 days is HUF 62,500.00. What was the interest rate?

Which of the following is caracteristical of a CD?

What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?

When is the settlement amount of a FRA normally payable?

How could you close out a futures contract?

A callable bond attributes a right to:

In the UK, Sterling T-Bills are issued by:

By what means should a financial institution preferably submit SSI changes and notifications to its clients?

Which of the following statements about the time frame for claims is incorrect?

When is a trade considered a binding agreement for the counterparties?

Your agent bank accepts your back-valuation request for 1 day on an amount of EUR 75,000,000.00. EONIA is 1.312% and the ECB marginal lending facility rate is 1.50%. Applying conve...

If today is Thursday, 12 December, what is the spot date for a EUR/USD transaction?

If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?

If an overnight EUR/USD FX swap is traded on Tuesday, 19 June, and there are no currency holidays during the week of June 18 - 22, what would be the value dates of the two swap leg...

What is a "tick" in the futures markets?

If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?

Which department is responsible for deal settlement?

What does "SWIFT"stand for?

When should discrepancies between front-office and back-office systems be resolved?

You have received the requisite notification from a non-swapping counterparty that their USD correspondent is to be changed from Bank A to Bank B taking effect from value date 15 J...

Why is the use of netting systems encouraged?

Which one of the following best describes the correct order of the settlements process?

A message received but not accepted by SWIFT will be acknowledged with:

What are the key fields for matching criteria in a spot FX transaction?