If the back office staff receive a trade that is incomplete, which information is absolutely essential for processing the trade?
A. the clearing house phone number
B. the account number to which fees are booked
C. the name of the counter parts dealer
D. the name of the counterparty
In trading, which is the most often used deal capture system?
A. a letter-based system
B. a SWIFT-based system
C. a fax-based system
D. a screen-based system
In a deal confirmation, who is the counterparty on futures contracts?
A. the futures exchange itself
B. the clearing house of the futures exchange
C. the broker
D. the ISDA
When would you use a SWIFT message type 103?
A. for a foreign exchange confirmation
B. for a multiple general financial institution transfer
C. for a general financial institution transfer
D. for a customer transfer
What is the purpose of "internal cash reconciliation"?
A. to control the banks cash and derivative positions
B. to reconcile and control the cash balance for the Bank for International Settlements (BIS)
C. to reconcile and control the cash balance for the central bank
D. cash forecasting, cash collateral and cash positions control
Which SWIFT message type family is used for securities transactions?
A. MT 3XX
B. MT 2XX
C. MT 5XX
D. MT 1XX
The trade life cycle of a treasury deal starts with input and ends with:
A. accounting
B. adjustment of bilateral limits
C. netting
D. nostro reconciliation
Which of the following is characteristic of derivative instruments?
A. trades are executed in nominal amounts
B. derivates are bought and sold only over the counter (OTC)
C. the final settlement of a derivates trade can only be made by physical delivery
D. the accounting for derivative instruments is off balance sheet
What information is essential for an interbank FX confirmation?
A. specification of the applicable law
B. the value date
C. the brokerage cost
D. the name of the person(s) originating the deal
What is the most frequently used settlement process for securities?
A. free of settlement payment
B. cash settlement
C. same day value settlement
D. delivery-versus-payment
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