How frequently should business contingency procedures be tested and updated?

A.

quarterly tests I updates as needed

B.

at least every second year

C.

half-yearly tests / yearly updates

D.

at least yearlyA

EURODOLLAR futures are: 

A.

Traded on the Chicago Mercantile Exchange (CME Group) and have a face value of USD 500,000.00

B.

Traded on the Intercontinental Exchange (ICE) and have a face value of USD
1,000,000.00

C.

Traded on the Intercontinental Exchange (ICE) and have a face value of USD
500,000.00

D.

Traded on the Chicago Mercantile Exchange (CME Group) and have a face value of USD 1,000,000.00

What type of institution is the typical drawer of banker’s acceptances?

A.

Credit institution

B.

Investment bank

C.

Corporate

D.

Central Bank

Which one of the following statements is true?

A.

Brokers should only show the names of banks to counterparties who have prime credit ratings.

B.

Brokers should only show the names of banks to counterparties who provide good liquidity to the brokered market.

C.

Brokers should only show the names of banks to counterparties whom they know well.

D.

Brokers should only show the names of bank counterparties if both sides display a serious intention to transact

Which of the following scenarios offer an example of wrong way risk?

A.

A bank purchases credit protection on highly-rated tranches of US mortgage-backed securities from a US mortgage bank

B.

A bank sells protection on the iTraxx main index at a level of 25 bps and shortly
afterwards the index crosses the 200 bps level

C.

A bank sells EUR put I USD call ATM options with an expiry date of 6 months and afterwards volatility moves up to substantially higher levels

D.

A bank enters into a receiver’s swap while interest rates are increasing

You quote a customer a spot cable 1.6050-55 in USD 3,000,000.00. If they sell USD to you, how much GBP will you be short of?

A.

4,816,500.00

B.

1,869,158.88

C.

1,868,57677

D.

4,815,000.00

Which of the following is true about interest rate swaps (IRS):

A.

Both parties know what their future payments will be at the outset of the swap

B.

There is payment of principal at maturity

C.

Payments are always made gross

D.

The fixed rate payer knows what his future payments will be at the outset of the swap

Which of the following CHF/JPY quotes that you have received is the best rate for you to buy CHF?

A.

105.80

B.

105.75

C.

105.70

D.

105.85

Which of the following rates represents the highest investment yield in the Euromarket?

A.

Semi-annual bond yield of 3.75%

B.

Annual bond yield of 3.75%

C.

Semi-annual money market yield of 3.75%

D.

Annual money market rate of 3.75%

What is the Overnight Index for EUR?

A.

EURIBOR

B.

EO

C.

 EUREPO

D.

 EURONIA