A CD with a face value of USD 50 million and a coupon of 4.50% was issued at par for 90 days and is now trading at 4.50% with 30 days remaining to maturity. What has been the capital gain or loss since issue?
A. +USD 373,599.00
B. ÷USD 186,099.00
C. -USD 1,400.99
D. Nil
The spot/next repo rate for the 5% bund 2006 is quoted to you at 1.75-80%. You sell bonds with a market value of EUR 5,798,692 through a sell/buy-back. The Repurchase Price is:
A. EUR 5,798,982
B. EUR 5,799,497
C. EUR 5,746,376
D. EUR 5,000,694
What is the ISO code for the currency of Hungary?
A. HUG
B. HKD
C. HRN
D. HUF
A 1-month (30-day) USCP with a race value of USD 5 million is quoted at a rate of discount of 2.31%. How much is the paper worth?
A. USD 4,884,500.00
B. USD 4,990,375.00
C. USD 4,990.506.85
D. USD 4,990,393.49
The Model Code strongly recommends that intra-day oral deal checks should: A. Be conducted out at the end of the morning and afternoon trading sessions.
B. Be only be conducted after the close of business.
C. Be mutually agreed between the bank and the broker or counterparty.
D. Be the responsibility of the broker.
A 3-month (90-day) USD deposit is 5.5625% and 6-month (180-day) USD deposit is 5.75%. What is the 3x6 USD deposit rate?
A. 5.8342%
B. 5.8561%
C. 5.8425%
D. 5.75%
A 7-day piece of USCP is quoted at a rate of discount of 1.75%. What is its true yield?
A. 1.73%
B. 1.75%
C. 1.77%
D. 1.80%
When dealing with customers, financial market professionals are advised by the Model Code to clarify that all transactions are entered into solely at each partys risk by explicitly agreeing in writing that:
A. The customer understands the structure of the transaction.
B. The customer has made its own assessment and independent decision to enter into the transaction and is doing so at its own risk and for its own account.
C. No fiduciary or advisory relationship exists between the parties, and all the information is has received is not to be construed as investment advice or a recommendation to transact.
D. All of the above.
You have written a EUR/USD knock-in option for a bank counterparty. At 6pm New York time on Friday, the instrike point is breached. This is confirmed on screens. The counterparty contacts you to confirm that the option has been knocked in.
A. The deal is done. You should confirm with your counterparts.
B. If the knock-in is confirmed by a New York price source, the deal is done and you should confirm with your counterparty.
C. The recognised closing time for the currency markets is 6:00pm New York time in Friday, so the deal is done and you should confirm with your counterparty.
D. The recognised closing time for the currency markets is 5:00pm NewYork time in Friday, so no deal is done.
One of your brokers asks you to buy and sell EUR/USD at the same price net of brokerage in order to allow him to clear a transaction.
A. You must have prior senior management approval.
B. You must have the authoritq to switch names.
C. You must execute such transactions as promptly as possible within policy guidelines
D. All of the above.
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