Question 1

The divisors applicable to the calculation of bank interest are:

Options :

A : EUR = 360, USD = 360, GBP = 365

B : EUR = 365, USD = 360, GBP = 365

C : EUR = 365, USD = 365, GBP = 360

D : EUR = 360, USD = 365, GBP = 360

Answer: A

Question 2

DTC - the central securities depository for US equities is the abbreviation for:

Options :

A : Depository Trust Company

B : Depot Transaction

C : Deposit and Trade Conglomerate

D : Depot for Trades Corporation

Answer: A

Question 3

From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

Options :

A : Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

B : Simultaneously exchanging securities and cash with the counterparty

C : Delivering an asset to the counterparty following successful exchange of trade confirmations

D : Receiving the counterparty-s asset before instructing release of the contra asset

Answer: D

Question 4

'ISO' stands for:

Options :

A : Invention of Standards for Organisations

B : Intercontinental Symposium of Organisations

C : International Organisation for Standardisation

D : Intraterritorial Organisation of Securities

Answer: C

Question 5

The US regulator 'SEC stands for:

Options :

A : Securities Exchange Corporation

B : Securities Enterprise Conglomerate

C : Securities and Exchange Commission

D : Securities Endeavour Company

Answer: C

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