The seller of a EUR/RUB NDF could be:

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The seller of a EUR/RUB NDF could be:
A. a potential buyer of EUR against RUB
B. speculating on an appreciation of the Russian Rouble
C. expecting rising EUR/RUB exchange rates
D. a seller of Russian Rouble

Answer : B


How frequently should business contingency procedures be tested and updated?
A. quarterly tests I updates as needed
B. at least every second year
C. half-yearly tests / yearly updates
D. at least yearly

Answer : D


The tom/next GC repo rate for German government bonds is quoted to you at 1.75-80%.
As collateral, you sell EUR 10,000,000.00 million nominal of the 5.25% Bund July 2012, which is worth EUR 11,260,000.00. If you have to give an initial margin of 2%, the
Repurchase Price is:
A. EUR 11,035,336.41
B. EUR 11,035,351.74
C. EUR 11,039,752.32
D. EUR 11,039,767.65

Answer : D


A bank that has quoted a firm price is obliged to deal:
A. At that price
B. At that price in a marketable amount
C. At that price in a marketable amount, provided the counterparty’s name is acceptable
D. At that price in a marketable amount, provided the counterpartys name is acceptable and the market price has not moved excessively

Answer : C


Which of the following does the Model Code mention with regards to recording telephone conversations?
A. There is no need to inform new counterparties and clients that conversations will be recorded.
B. It is normal practice that tapes and other records should be kept for at least twelve months.
C. The periods for which tapes and other records should be retained should reflect the way in which the terms and conditions of transactions have been agreed, and the duration of transactions.
D. Dealers and other staff are reminded that telephones and electronic text messaging systems in the firm are intended for business and private use and that conversations and exchanges of text messages should be conducted in a casual manner.


Answer : C