QUESTION: 77 Topic: 1, Volume A

How long does the Model Code recommend that tapes and other records of dealers/brokers be kept?

at least two months
one year
up to one month
at least three months

Answer(s): A

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QUESTION: 78 Topic: 1, Volume A

What is the meaning of “under reference” in the terminology of trading?

a term the quoting dealer uses to caution the receiver of the quote that the price may have to be re-quoted at the receiver’s risk
the qualification that the rate quoted in the market may no longer be valid and requires confirmation before any trades can be agreed upon
the statement that the rates quoted by the broker are for indication only
an acknowledgement by the dealer receiving the quote that the rate may have to be re-quoted at the receiver’s risk

Answer(s): B

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QUESTION: 79 Topic: 1, Volume A

You request use of funds from your agent bank for 1 day on an amount of EUR 100,000,000.00, EONIA was 0.812% and the ECB deposit facility rate is 0.50%. What use of funds settlement amount should you expect?