A counterparty pays your bank USD 10,000,000.00 5 days late requiring you to pay overdraft charges of 8% p.

What expenses would you claim from the counterparty in GBP at an exchange rate of 1.6000?
GBP 6,944.44
GBP 7,944.44
GBP 17,777.77
GBP 6,849.32

Answer(s): A

What are the communication channels most often used for investigations?

Answer(s): C

Which of the following best describes the main objective of the nostro reconciliation function?

to ensure efficient cash management
to ensure that all receipts of foreign currency are made in a timely fashion
to reduce the amounts paid in interest rate claims due to late payments
to ensure that expected cash movements agree with the actual movements of currency

Answer(s): B

When completing a nostro reconciliation, what does an unresolved ledger debit signify?

Answer(s): A

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