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 EUR 25,000,000.00 nominal of the 5.5% OAT April 2012, which is worth EUR 28,137,500.00.
The Repurchase Price is:
You are quoted the following market rates:
Spot AUD/CAD 1.0600
12M (360-day) AUD 3.40%
12M (360-day) CAD 1.55%
What are the 12-month AUD/CAD forward points?
In the international market, a FRA in USD is usually settled with reference to:
Experience has shown that recourse to taped telephone conversations proves invaluable to the speedy resolution of disputes. Therefore, the Model Code recommends:
Which of the following correctly states the Model Code’s recommendations regarding electronic trading and broking?
A 6-month SEK/NOK Swap is quoted 40/50. Spot is 1.1145. Which of the following statements is correct?
In interbank trading, if a dealer is calling “off” at the same time as the broker is hitting a price:
You are quoted spot USD/NOK 5.7220-28 and USD/SEK 6.3850-58, at what price can you buy NOK against SEK?
An Overnight Indexed Swap (OIS) is:
An option premium is normally a positive function of:
What does the Model Code recommend regarding “entertainment and gifts”?
In which type of repo is “double dipping” a risk?
Which one of the following is a major objective of ACI-The Financial Markets Association?
If you sell USD 3-month forward to a client against EUR, what should you do to hedge your position?
Repo is said to have “double indemnity” due to the creditworthiness of the counterparty and:
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