A Eurodollar futures price of 99.685 implies:
A. A forward-forward rate of 0.685%
B. A forward-forward rate of 0.315%
C. Current 3-month LIBOR of 0.6850%
D. Current 3-month LIBOR of 0.3150%
You sold a JPY 500,000,000 1x12 FRA at 0.35%. The settlement rate is 11-month (334-day) JPY LIBOR, which is fixed at 0.4450%.
What is the settlement amount at maturity?
A. You pay JPY 440,694
B. You receive JPY 440,694
C. You pay JPY 438,882
D. You receive JPY 438,882
You are paying 5% per annum paid semi-annually and receiving 6-month LIBOR on a USD 10,000,000.00 interest rate swap with exactly two years to maturity. 6-month LIBOR for the next payment date is fixed today at 4.95%. You expect 6-month LIBOR in 6 months to fix at 5.25%, in 12 months at 5.35% and in 18 months at 5.40%. What do you expect the net settlement amounts to be over the next 2 years? Assume 30-day months.
A. Pay 250.00, receive 1,250.00, receive 1,750.00, receive 2,000.00
B. Receive 250.00, pay 1,250.00, pay 1,750.00, pay 2,000.00
C. Pay 2,500.00, receive 12,500.00, receive 17,500.00, receive 20,000.00
D. Receive 2,500.00, pay 12,500.00, pay 17,500.00, pay 20,000.00
If spot NZD/CHF is quoted to you as 0.7406-09. How many NZD would you receive in exchange for CHF 5,000,000.00 if you dealt on the price?
A. 3,704,500.00
B. 6,748,549.06
C. 3,703,000.00
D. 6,751,282.74
You quote the following rates to a customer: Spot GBP/CHF 1.4535-45 6MGBP/CHF swap 46/41
At what rate do you sell GBP to a customer 6-month outright?
A. 1.4494
B. 1.4499
C. 1.4504
D. 1.4586
If spot GBP/CHF is quoted 1.4275-80 and the 3-month forward outright is 1.4254-61, what are the forward points?
A. 19/21
B. 2.1/1.9
C. 21/19
D. 0.21/0.19
Your are quoted the following rates: Spot CHF/JPY105.12-22 3M CHF/JPY 3.5/4.5
At what rate can you buy 3-month outright JPY against CHF?
A. 105.085
B. 105.265
C. 108.62
D. 105.155
EUR/USD is 1.3080-83 and EUR/CHF is 1.2160-63. What price would you quote to a customer who wishes to sell CHF against USD?
A. 1.0759
B. 0.9299
C. 1.5909
D. 0.9295
If you are trading spot on an ATS (Automated Trading System) and see a price for EUR/USD of 1.3050-53. If you hit the button marked "YOURS", what have you done?
A. Bought EUR at 1.3053
B. Bought USD at 1.3053
C. Sold EUR at 1.3050
D. Sold USDatl.3050
3-month EUR/USD FX swaps are quoted to you at 8/12. If the "points are in your favor", what have you done?
A. Bought and sold 3-month EUR/USD through the swap
B. Sold and bought 3-month EUR/USD through the swap
C. Made the quote
D. Cannot say
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