Which is the day count/annual basis convention for SGD money market deposits?

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Which is the day count/annual basis convention for SGD money market deposits?
A. ACT/365
B. ACT/360
C. ACT/ACT
D. 30E/360

Answer : A


You quote a price to a broker. It is hit by another bank, but you are not informed until some time afterward that the deal has been done. Who is to blame?
A. You are, as it is your responsibility to check periodically that the price has not been dealt upon.
B. The broker is, as he must immediately tell you that your price has been dealt upon.
C. The other bank is, since it did not immediately seek confirmation.
D. All the parties, particularly you and the other bank.

Answer : B



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?
A. +190
B. -193
C. -192
D. -190


Answer : D


Todays spot value date is the 29th of February. What is the maturity date of a 4-month
USD deposit deal today? Assume no bank holidays.
A. Thursday 27th June
B. Friday 28th June
C. Saturday 29th June
D. Monday 1st July

Answer : B



If the duration gap is zero, how will a small parallel shift in interest rates affect the market value of the banks equity?
A. If interest rates rise, the market value of equity will increase
B. If interest rates rise, the market value of equity will decrease C. The bank is immunised from changes in interest rates.
C. The market value of equity will decrease due to an increase in interest rates


Answer : C