A dealer, seeking to refinance a money market short position in USD, could choose to:
Answer(s): D
Your dealer has sold a 3x6 AUD 10,000,000.00 FRA at 3.10%. On settlement day the 3-month (90- day) fixing is 3.00%. What would you do?
Answer(s): A
Today is Monday, 8 December. You sell a 9x12 FRA in EUR. When will the settlement amount be paid or received, assuming that there are no bank holidays?
Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the LIBOR is now 6.00%. Which of the following is true?
Answer(s): B
Your bank purchases a FRA at 0.75% in USD. Under what conditions will you pay a cash settlement?
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