3I0-008 試験問題を無料オンラインアクセス

Click on the Exhibit Button to view the Formula Sheet. How can material divergences between the value of cash and collateral be managed in a documented sell/buy-back?

• A.Either of the above, but usually (b)
• B.Either of the above, but usually (a)
• C.Re-pricing
• D.Margin maintenance

Click on the Exhibit Button to view the Formula Sheet. You have written a EUR/USD knock- in option for a bank counterparty. At 6pm New York time on Friday, the instrike point is breached. This is confirmed on screens. The counterparty contacts you to confirm that the option has been knocked in.

• A.The deal is done. You should confirm with your counterparty.
• B.The recognised closing time for the currency markets is 6:00pm New York time in Friday, so the deal is done and you should confirm with your counterparty.
• C.The recognised closing time for the currency markets is 5:00pm New York time in Friday, so no deal is done.
• D.If the knock-in is confirmed by a New York price source, the deal is done and you should confirm with your counterparty.

Click on the Exhibit Button to view the Formula Sheet. Where dealing through an intermediary with an unidentified principal, the Model Code recommends:

• A.All of the above.
• B.It is good practice for compliance, legal or credit functions to identify counterparties before the execution of a deal.
• C.Management needs to be aware of the risks involved, particularly with respect to credit exposure and money laundering.
• D.Management should have in place a clear written policy and procedures governing such transactions.

Click on the Exhibit Button to view the Formula Sheet. If spot GBP/CHF is quoted 2.3875-
80 and the 3-month forward outright is 2.3660-70, what are the forward points?

• A.21/21.5
• B.215/210
• C.21.5/21
• D.210/215

Click on the Exhibit Button to view the Formula Sheet. What is the buyers primary risk in a repo?

• A.The credit risk on the collateral
• B.The legal risk on the contract
• C.The credit risk on the repo counterparty
• D.The operational risk on margin maintenance