You are the buyer of a receiver’s swap. All other things being equal your counterparty risk is increasing if

Answer(s): A

What does the Model Code recommend in respect of prices and orders made on electronic trading platforms?

Answer(s): A

Which of the following statements best describes the conditions under which a prime broker may accept a trade given up?

the trade is within the specified tenor limits
the trade is within the tenor limits and is of an applicable trade type
the trade is within the tenor limits and credit limits
the trade is within the tenor limits, credit limits and is of an applicable trade type

Answer(s): D

Claims should be communicated in writing via e-mail or preferably by authenticated SWIFT. What information should be provided in the claim?

the details of the transaction involved, the number of days the payment was delayed and the resulting cost
the details of the transaction involved, the number of days the payment was delayed and the cost, together with Central Bank rate to be applied
the details of the transaction involved, the number of days the payment was delayed and the cost, together with reference rates to be applied
the details of the transaction involved, the number of days the payment was delayed and the cost, together with the calculation methodology being claimed

Answer(s): D

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