What are the secondary market proceeds of a CD with a face value of EUR 5,000,000.00 and a coupon of 3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to maturity?
A. EUR 4,997,085.03
B. EUR 5,000,000.00
C. EUR 5,071,086.45
D. EUR 5,072,874.16
You buy a 30-day 4% CD with a face value of GBP 20,000,000.00 at par when it is issued. You sell it in the secondary market after 10 days at 4.05%.
What is your holding period yield?
A. 4.05%
B. 3.891%
C. 3.838%
D. 1.946%
In which type of repo is "double dipping" a risk?
A. Delivery repo
B. HIC repo
C. To-party repo
D. "Double dipping" is never a risk in any type of repo
Which of the following are specifically quoted in terms of a yield-to-maturity?
A. US Treasury bill
B. CD
C. Interbank deposit
D. USCP
Who takes the counterparty risk on the seller in a to-party repo?
A. The buyer
B. The to-party agent
C. A third-party guarantor
D. A central clearing counterparty
Repo is said to have "double indemnity" due to the creditworthiness of the counterparty and:
A. A written legal agreement between the parties
B. The oversight of the transaction by the custodian of the collateral
C. The creditworthiness of the collateral
D. The right of close-out and set-off in an event of default
Which is the day count/annual basis convention for SGD money market deposits?
A. ACT/365
B. ACT/360
C. ACT/ACT
D. 30E/360
A 6-month (182-day) investment of CAD 15,500,000.00 yields a return of CAD 100,000.00. What is the rate of return?
A. 1.32%
B. 1.29%
C. 1.28%
D. 0.65%
From the following AUD rates:
3M AUD (91-day) deposits 2.35% 3x6 AUD (90-day) FRA 2.55% Calculate the 6-month implied cash rate.
A. 2.37%
B. 2.46%
C. 2.55%
D. 4.90%
Today's spot value date is the 29th of February. What is the maturity date of a 4-month USD deposit deal today? Assume no bank holidays.
A. Thursday 27th June
B. Friday 28th June
C. Saturday 29th June
D. Monday 1st July
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