QUESTION: 157

Which of the following is an example of a foreign currency nostro account from the perspective of a bank in London?

a GBP account with another UK bank
a CHF account with a bank in Zurich
a CHF account that it holds for a customer in London
a GBP account that it holds for a bank in New York

Answer(s): B

QUESTION: 158

In settling a money market placing between your dealer and a counterparty, what would be the financial consequences of a payment made one day late?

the counterparty would cancel the deal
the bilateral limit with the counterparty would have to be adjusted
the counterparty would demand interest on the late payment
there are no adverse financial consequences

Answer(s): C

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QUESTION: 159

You have 10 credited amounts of 1 million each with same value date and same currency.
Which of the following items is most helpful in reconciling these amounts?

When the deal was processed is a good indication of the amounts to be reconciled
Each deal is registered according to a unique reference which helps in reconciling the items
The BIC-address helps you to reconcile the open items
None of the above. You should telephone your counterparties to request more information

Answer(s): B

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QUESTION: 160

What is a future nostro balances report?

a list of the final maturity of bonds per value date
an account of the possible fees to be paid
a comparison of the overdraft interest to be paid on different nostro accounts
a report produced to show the anticipated balance on the account as a result of running off existing business

Answer(s): D

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QUESTION: 157

QUESTION: 158

QUESTION: 159

QUESTION: 160

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