An option is:

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An option is:
A. The right to buy or sell a commodity at a fixed price
B. The right to buy a commodity at a fixed price
C. The right but not the obligation to buy or sell a commodity at a fixed price
D. The right but not the obligation to buy a commodity at a fixed price

Answer : C

You request use of funds from your agent bank for 1 day on an amount of EUR
100,000,000.00, EONIA was 0.812% and the ECB deposit facility rate is 0.50%. What use of funds settlement amount should you expect?
A. EUR 1,388,89
B. EUR 1,561.11
C. EUR 2,255.56
D. EUR 2,951.39

Answer : B



Confirmations of non-prime brokerage deals using CLS should be exchanged:
A. within 2 hours after deal agreed with counterparty
B. before the value date of the trade
C. by the end of the trade date
D. within 24 hours

Answer : A



Which of the following is always a secured instrument?
A. ECP
B. Repo
C. Interbank deposit
D. CD

Answer : B



A 3-month (91-day) US Treasury bill is quoted at a rate of discount of 4.25%. What is its true yield?
A. 4.19%
B. 4.25%
C. 4.30%
D. 4.31%


Answer : C