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Free 3I0-013 Exam Braindumps (page: 34)

Page 33 of 97
PDF with 386 Questions

The CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?

  1. To simplify domestic payments
  2. To handle interbank liquidity more efficiently
  3. To accelerate cross-border payments
  4. To minimize settlement risks

Answer(s): A



Your dealer has sold USD 10,000,000.00 against JPY at a rate of 95.00. In settlement you would expect to:

  1. Receive JPY 105,263.16
  2. Pay JPY 950,000,000
  3. Receive JPY 950,000,000
  4. Pay JPY 105,263

Answer(s): A



What are the factors determining if a FX transaction can be settled through the CLS Bank?

  1. Currency pair, price
  2. Currency pair, counterparty, time
  3. Currency pair, price, counterparty
  4. Counterparty, price

Answer(s): D



Which of the following are examples of “contracts for difference”?

  1. Forward rate agreement (FRA) and non deliverable forward (NDF)
  2. FX Swap and interest rate swap
  3. Spot FX deal and non deliverable forward (NDF)
  4. FX Swap and currency future

Answer(s): C






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