SUN ACI - Operations Certificate - 310-010 模擬練習

A. the date, on which settlement must be made on the contracted amount or the differential amount of an operation

B. the last date by which the minimum reserve amount can be paid to the central bank

C. the date by which the interest payment on an operation must be made

D. the date a deal is processed

A. EUR 10,240,798.61

B. EUR 10,237,500.00

C. EUR 10,240,799.00

D. EUR 240,291.67

A. the net difference between fixed and floating rate payments

B. the sum of all the fixed and floating rate payments

C. the principal amount on which floating and fixed interest payments is calculated

D. the amount at which the two counterparties can close-out their transaction

A. The strike price of a Bermudan option is an average.

B. A Bermudan option can be exercised at any time before its maturity date.

C. A Bermudan option can be exercised only at maturity.

D. A Bermudan option can be exercised only on a few specific dates prior to expiration.

A. none of the above

B. there is no credit exposure

C. exactly 1 million

D. less than 1 million

A. physical delivery

B. collateral management

C. negotiation of fees

D. settlement

A. value tomorrow payment in AUD

B. same day value payment in JPY

C. same day value payment in EUR

D. value tomorrow payment in JPY

A. a series of American put options on FRAs

B. a series of European call options on FRAs

C. a series of European put options on FRAs

D. a series of American call options on FRAs

A. It fully eliminates counterparty risk.

B. It replaces a pair of foreign exchange transactions.

C. It consists of two separate transactions, dealt with two different counterparties.

D. It reduces credit risk with the counterparty, as compared to money market deals.

A. NAK

B. ACK

C. PAC

D. BAC

A. the risk a payment order will not be processed due to a power failure in which the disaster recovery back-up system fails

B. the risk that settlement arrangements will be made with the wrong counterparty

C. the risk of aborting settlement procedures due to the unavailability of back office staff

D. any amount that is due to be received under a contract should be regarded as a settlement risk until final confirmation of receipt is confirmed

A. a sub-investment grade instrument

B. a bond typically paying lower yields than an investment grade instrument

C. an OECD Government bond

D. an AAA-rated security in payment default

A. Short USD 1,500,000.00 at 111.55

B. Short USD 3,500,000.00 at 111.75

C. Short USD 1,500,000.00 at 112.60

D. Long USD 1,500,000.00 at 111.10

A. the difference between the annual high and low of a security

B. the difference between the current price of an asset and its previous close

C. the measure of the liquidity of a contract or security

D. a statistical measure of price fluctuations as an annualized percentage

A. 3 5/8%

B. 4 5/8%

C. 4.62%

D. 4 3/8%