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Free 3I0-012 Exam Braindumps (page: 48)

Page 47 of 186
PDF with 740 Questions

You are quoted the following rates:

Spot GBP/CHF 1.4535-45
3M GBP/CHF swap 22/19

At what rate can you sell GBP against CHF outright 3-month?

  1. 1.4523
  2. 1.4526
  3. 1.4513
  4. 1.4516

Answer(s): C



An interest rate swap (IRS) is:

  1. A contract to exchange one stream of interest payments for another
  2. A temporary exchange of one deposit for another of a longer maturity in the same currency
  3. A forward-forward contract
  4. A contract to exchange an interest rate stream in one currency for another one in a different currency

Answer(s): A



An important reason for trading a futures contract rather than an FRA is:

  1. The expense of settling an FRA
  2. The reduced counterparty risk on a futures exchange
  3. The reduced basis risk on futures
  4. The superior interest rate risk on FRAs

Answer(s): B



Selling a FRA has the same interest rate exposure as:

  1. Opening a positive gap
  2. Going over-borrowed
  3. Making a forward-forward loan
  4. Taking a forward-forward deposit

Answer(s): C






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