Online Access Free 310-010 Exam Questions

If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?

• A.Friday against Monday
• B.Monday against Tuesday
• C.Thursday against Friday
• D.Wednesday against Thursday

With respect to financial payments, what does "bridge" mean?

• A.it refers to the relationship between two nostro account institutions
• B.it is an electronic settlement between US Clear and Clearcom
• C.it designates the exchange of payment orders between a nostro and a vostro account
• D.it refers to an electronic settlement between Euroclear and Clearstream

A bank responsible for making due payments of principal and interest on a bond is called the

• A.fiscal agent
• B.market maker
• C.paying agent
• D.purchase agent

For the third time in a month, a back office clerk has been questioned by one of his spot FX dealers about back office payment authorization and confirmation procedures. What should he/she do?

• A.He/she should avoid the dealer
• B.He/she should respond to the questions
• C.He/she should refuse to answer the questions
• D.He/she should report this to his/her supervisor

Which of the following best describes TARGET?

• A.the inter-linking mechanism that connects national RTGS payments systems in EU member states
• B.the system used in Germany for settling high value domestic securities transactions
• C.the pan-Europe netting system used for reducing credit risk for derivative transactions
• D.the system to be used by the Euro Bankers Association to clear cross border Euro payments