Click on the Detail Button to view the Formula Sheet. The mid-rate for USD/CHF is 1.3950 and the mid-rate for AUD/USD is 0.7060. What is the mid- rate for CHF/AUD?
A. 0.9849
B. 1.0154
C. 1.9759
D. 0.5061
Click on the Detail Button to view the Formula Sheet. What is a Vostro account?
A. Your account at another bank
B. A foreign bank's account in your bank in your domestic currency
C. An account in your bank used for internal transactions
D. A customer's account at your bank
Click on the Detail Button to view the Formula Sheet. It is now permissible in most markets for brokers to be owned by banks and other principals. Where there is shared management, or a shareholding or other investment in a broker by a counterparty:
A. The broker is not obligated to reveal the connection provided Chinese Walls are in place.
B. The broker is not obligated to reveal the connection in the professional market.
C. The broker should advise the other counterparty of the connection.
D. The matter is covered in the Model Code.
Click on the Detail Button to view the Formula Sheet. Deals transacted direct or via a broker prior to 5:00am Sydney time on Monday morning:
A. Are invalid.
B. Must be approved by senior management before confirmation.
C. Cannot be entered into without the approval of the local regulator.
D. Are not considered to have been done in normal conditions or normal market hours.
Click on the Detail Button to view the Formula Sheet. A 1-month (30-day) USCP with a face 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
Click on the Detail Button to view the Formula Sheet. What type of institution is the typical issuer of bank bills?
A. Credit institution
B. Investment bank
C. Corporate
D. All of the above
Click on the Detail Button to view the Formula Sheet. A CD with a face value of EUR10 million and a coupon of 3% was issued at par for 182 days and is now trading at 3.10% with 120 days remaining to maturity. What has been the capital gain or loss since issue?
A. -EUR 52,161.00
B. +EUR 47,839.00
C. -EUR 3,827.67
D. Nil
Click on the Detail Button to view the Formula Sheet. A CD with a face value of USD50 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
Click on the Detail Button to view the Formula Sheet. The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75-80%. As collateral, you are offered EUR25 million nominal of the 5.5% OAT April 2006, which is worth EUR 28,137,500. If you impose an initial margin of 1%, the Repurchase Price is:
A. EUR 27,947,276.43
B. EUR 27,946,077.08
C. EUR 27,950,071.43
D. EUR 27,948,871.97
Click on the Detail Button to view the Formula Sheet.
You are quoted the following market rates:
spot EUR/GBP 0.6670
6M (182-day) EUR 2.35%
6M (182-day) GBP 3.75%
What is 6-month EUR/GBP?
A. 0.6675
B. 0.6715
C. 0.6717
D. 0.6718
