A month ago, a customer placed EUR 100,000.00 at 2% on a time deposit for 90 days. Today, 30 days later, he requests an anticipated close of his deposit. 2 and 3 month interbank rates are 2 1/8% bid and 2 1/4% offered. What do you do?
A. You agree and pay back to the customer the capital plus 2% interest calculated on 30 days
B. You agree and pay back to the customer the capital plus 2% interest on 30 days less your refinancing costs of 1/8% calculated on 30 days
C. You agree and pay back to the customer the capital plus 2% interest on 30 days less your refinancing costs of 1/8% calculated on 60 days
D. You agree and pay back to the customer the capital plus 2% interest on 90 days minus the actualization of this amount at 2 1/4% calculated over 60 days
On Friday, your trader lends GBP 10,000,000.00 overnight at 7 1/2%. The instructions are for repayment of principal + interest. How much would you expect to be repaid?
A. GBP 10,006,250.00
B. GBP 10,002,054.79
C. GBP 10,006,164.38
D. GBP 10,002,083.33
The capital market is the general term for a financial market in which:
A. short-term debt, equities and securities, as well as short-term financial instruments are traded; maturities are generally less than one year
B. medium to long-term debt and financial instruments, as well as medium and long-term securities are traded until they reach maturity
C. only long-term corporate bonds, with maturities of five years or more, are bought and sold
D. only short-term financial instruments and short-term securities are traded
The effective Euro overnight reference rate, computed as a weighted average of all overnight unsecured lending transactions undertaken in the interbank market and computed with the help of the European Central Bank, is called:
A. EURIBOR
B. SONIA
C. EONIA
D. EURONIA
EURIBOR, the Euro Interbank Offered Rate is:
A. the rate at which Euro interbank term deposits are offered by one prime bank to another prime bank published at 11.00 a.m. CET
B. the interest reference rate for the Euro calculated daily from the rates of 16 London banks
C. the interest reference rate for all major currencies calculated daily from the rates of panel banks from EU countries
D. the rate at which Euro interbank term deposits are offered by prime banks to corporate published at
11.00 a.m. CET
Today, the spot value for a USD deposit is Wednesday, 29 February. What is the 4 months maturity date? (Assume that there are no bank holidays)
A. Thursday, 27 June
B. Friday, 28 June
C. Saturday, 29 June
D. Monday, 1 July
Your money market dealer has accepted a deposit of EUR 10,000,000.00 at 2 3/8% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at maturity?
A. EUR 10,240,799.00
B. EUR 240,291.67
C. EUR 10,237,500.00
D. EUR 10,240,798.61
If the maturity of a straight 3-month deposit falls on a Saturday, which is also the last day of the month, what will be the final end date of this transaction?
A. the following Monday
B. Saturday
C. the last business day of the month
D. the first business day of the following month
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)
A. 28 March
B. 29 March
C. 30 March
D. 31 March
On the sale of a CD, the seller
A. receives a lower price than he originally paid
B. receives a higher price than he originally paid
C. receives a price calculated using the price originally paid
D. there is not enough information to know how much the seller receives
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