Whose compliance rules, regulations and best practices should be followed in FX electronic trading?
Which of the following statements concerning "account reconciliations" is incorrect?
If your trader has dealt a 6-month USD/JPY FX-swap, selling and buying USD 10,000,000.00, will you:
Your dealers have made the following deals in spot USD/JPY:
Sold USD 5,000,000.00 at 93.60
Bought USD 3,500,000.00 at 93.20
Bought USD 2,000,000.00 at 93.50
Sold USD 2,000,000.00 at 93.55
What is your position?
If an overnight EUR/USD FX swap is traded on Tuesday, 19 June, and there are no currency holidays during the week of June 18 - 22, what would be the value dates of the two swap legs?
When is the final cut-off time for foreign payment orders in the Fedwire Funds Service?
Your dealer bought a 6x9 USD 4,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) USD LIBOR is 0.40%. What amount do you pay or receive?
Which one of the following best describes the correct order of the settlements process?
A bank in Luxembourg has dealt an interbank money market trade with a Canadian bank and must pay USD. Whom does the Luxembourg bank you instruct for payment?
Which of the following currency risks could only be hedged by a non deliverable forward (NDF)?
A payment is made from Germany to a second Euro zone country. Which international payment system would normally be used?
According to ISDA definitions, if an USD IRS payment is due value Saturday, 31 May and the documentation states that the “modified following business day convention” will be used, what value date should be applied to the payment?
You have five outstanding amounts with five different values. Which of the following should be investigated first?
You have two nostro accounts in USD, one account is long USD 5,000,000.00 and the other is short USD 5,000,000.00. What action should be taken to reconcile the accounts?
In trade confirmation, which one of the following statements about “matching” is correct?
Your bank purchases a FRA at 0.75% in USD. Under what conditions will you pay a cash settlement?
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)
Your FX swap dealer bought and sold 1 month GBP/USD 25,000,000,00; rates were set to 1,5305 against 1.5300. What payment is your bank expecting in a month from now?
Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 6% p.a. plus reserve costs of EUR 1.00 per thousand. How much will your account be charged for this overdraft?
The use of netting in foreign exchange dealings has increased because it reduces:
What is the documentation in which the parties agree to the terms that will govern future transactions?
Your dealer has sold a 3x6 AUD 10,000,000.00 FRA at 3.10%. On settlement day the 3-month (90- day) fixing is 3.00%. What would you do?
Which SWIFT message type is a nostro cash reconciliation software package based on?