You are quoted the following rates:Spot EUR/NOK7.5250-60O/N EUR/NOK swap 3.10/3.20T/N EUR/NOK swap 3.12/3.22S/N EUR/NOK swap 9.35/9.55At what rate can you sell EUR against NOK for value tomorrow?
Answer(s): D
The market is quoting: 3-month (90-day) NZD 2.55%6-month (182-day) NZD 2.75%What is the 3x6 rate in NZD?
Answer(s): C
You are short of 6 December EURODOLLAR futures contracts at 99.50. Yesterday, the closing price was 99.35. Today’s closing price is 99.105. What variation margin will be due?
If you funded your fixed-income investment portfolio with short-term deposits, how would you hedge your interest rate exposure with interest rate swaps?
Answer(s): A
You have borrowed at 3-month LIBOR+50. LIBOR for the loan will be re-fixed in exactly one month. The market is quoting:1x3 USD FRA 0.42-45%1x4 USD FRA 0.54-58%1x5 USD FRA 0.57-62%To hedge the next LIBOR fixing, you should:
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