3I0-013 Exam Questions

What is the disadvantage having separate cash accounts?

S.S.I.stands for:

To ensure effective risk management within a large financial institution, the head of risk management should report to:

What are the main advantages of settling an FX transaction through the CLS Bank?

Depending on the interest rates of the two currencies involved, the forward foreign exchange rate:

What are the ISO codes for the Canadian Dollar, the Singapore Dollar, the South African Rand and the Swiss Franc (though not necessarily in that order)?

Which of the following currency risks could only be hedged by a non deliverable forward (NDF)?

If today's spot date were Friday, 27 February, what would the normal one-month deposit maturity date be? (Assume there are no bank holidays)

EURIBOR, the Euro Interbank Offered Rate is:

Generally, "initial margin" means:

You are an issuer of a straight bond and you want to change your exposure from a fixed rate to a floating rate because you expect a fail in interest rates. What would you do?

What is a straddle?

A 7% bond, maturing in 10 years, is selling at 92.00. What is its current yield?

In order to be introduced in a controlled manner, which areas should be involved before a new product or business strategy is launched?

A put option is `out-of-the-money' if:

Which of the following is the primary responsibility of an Operations Department?

Under what circumstances should you ask for "use of funds"?

In settling a money market placing between your dealer and a counterparty, what would be the financial consequences of a payment made one day late?

What documents and/or information should you hold in order to start an investigation?

Where is the bank with the BIC-address "BOJPJPJT"located?

Open position and exchange risk management by currency belongs to which treasury system module?

For the third time in a month, a back office clerk has been questioned by one of his spot FX dealers about back office paymentauthorizationand confirmation procedures. What should...

What are the major objectives of the Model Code?

Which of the following are considered best practices?

Which of the following statements would be regarded as describing best practice?

In what order would the currencies of the major currency pairs generally be quoted in forex?

Your dealer bought a 6x9 USD 4,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) USD LIBOR is 0.40%. What amount do you pay or receive?

The fixing of a EUR FRA usually takes place:

Settlement prices on futures contracts are:

When an over-the-counter broker executes an order for your bank, what information is required on the confirmation you are sent?

Which of the following is required for institutions acting as prime brokers?

Which interest rate should be applied in calculating use of funds requests in EUR?

Which of the following is not considered a best practice concerning access to electronic trading systems?

Operational efficiency, STP rates, quality and control effectiveness are the main indicators of operational performance. With whom and how often should they be reviewed?

The "value date" is best described as:

The use of a bilateral netting scheme for FX settlements results in:

If a money market dealer considers placing a given amount at another bank, he must first of all check:

Which of the following types of payment cannot be executed in the United States?

The premium for a EUR/USD vanilla FX option is paid:

What is a convertible security?

The owner of a convertible bond:

If not mentioned in the master agreement, the operational process should be supported by establishing a legally binding netting agreement. What do parties not need to agree upon?

You request use of funds from your agent bank for 2 days on an amount of EUR 25,000,000.00. EONIA is 0.790% on the first day and 0.836% on the second day. The ECB deposit facility...

What is the main role of back office staff?

Who is responsible for producing the Model Code?

Which of the following is characteristic of derivative instruments?