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Free 3I0-012 Exam Braindumps (page: 13)

Page 12 of 186
PDF with 740 Questions

Basis risk on a futures contract is:

  1. The risk of an adverse change in the futures price
  2. The risk of an adverse change in the spread between futures and cash prices
  3. The progressive illiquidity of a futures contract as it approaches expiry
  4. The risk of a divergence between the futures price and the final fixing of the underlying interest rate

Answer(s): B



Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:

  1. Implicit nominal rate
  2. Implied forward rate
  3. Funding rate
  4. Effective future rate

Answer(s): B



A corporate wishing to hedge the interest rate risk on its floating-rate borrowing would:

  1. Sell interest rate caps
  2. Sell futures
  3. Sell FRAs
  4. Buy futures

Answer(s): B



The market is quoting:

6-month (182-day) CAD 1.25%
12-month (366-day) CAD 1.55%

What is the 6x12 rate in CAD?

  1. 0.300%
  2. 0.946%
  3. 1.935%
  4. 1.835%

Answer(s): D






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