Question 1

Your FX swap dealer sold and bought 2 months USD/CHF 10,000,000.00; rates were set to 0.9300 against 0.9285. What payment is your bank expecting in two months from now?

Options :

A : CHF 9,300,000.00

B : CHF 10,770,059.24

C : CHF 9,285,000.00

D : USD 10,000,000.00

Answer: D

Question 2

The organization “SWIFT” belongs to:

Options :

A : The members of the system (member-owned cooperative)

B : The European Banking Federation based in Brussels

C : The European Central Bank

D : The IMF

Answer: A

Question 3

A dealer belongs to:

Options :

A : the money laundering staff

B : the middle office staff

C : the front office staff

D : the back office staff

Answer: C

Question 4

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

Options :

A : MT 202 and MT 103

B : MT 202 and MT 210

C : MT 200 and MT 103

D : MT 103 and MT 210

Answer: A

Question 5

Which of the following is the best description of a broken trade”?

Options :

A : When a trade has been agreed to with dates (maturities) different from the standard dates

B : When one of the parties to the deal unilaterally decides to withdraw from the on-going transaction

C : When, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction

D : When, due to a system break, one or both parties to the deal are unclear as to whether the deal has been done

Answer: D

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