Online Access Free 310-010 Exam Questions

How is a call money market transaction generally confirmed?

• A.by a SWIFT message MT 330
• B.by telephone between the traders
• C.by a SWIFT message MT 300
• D.by a SWIFT message MT 320

Your money market dealer has accepted a deposit of EUR 10,000,000.00 at 2 3/8% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at maturity?

• A.EUR 240,291.67
• B.EUR 10,240,799.00
• C.EUR 10,240,798.61
• D.EUR 10,237,500.00

Herstatt Risk is also known as:

• A.translation risk
• B.operational risk
• C.settlement risk
• D.replacement risk

Which of the following steps describes the correct sequence for running an investigation?

• A.1. gather all the required documentation;
  2.reach an agreement with your dealer;
  3.send a claim to the counterparty
• B.1. gather all required documentation;
  2.determine the origin of any discrepancy
  3.get in contact with the counterparty and submit the facts
  4.reach an agreement with the counterparty
• C.1. inform the compliance officer;
  2.gather all required documentation;
  3.contact the counterpartys dealer;
  4.reach an agreement with the counterpartys dealer
• D.1. contact the banks' attorney;
  2.ask your dealer to amend or to cancel the deal;
  3.ask the accounting department to the adjust value date

The CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?

• A.to handle interbank liquidity more efficiently
• B.to accelerate cross-border payments
• C.to simplify domestic payments
• D.to minimize settlement risks