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Free 3I0-013 Exam Braindumps (page: 36)

Page 35 of 97
PDF with 386 Questions

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?

  1. Pay AUD 2,447.65
  2. Receive AUD 2,500.00
  3. Pay AUD 2,481.39
  4. Receive AUD 2,481.39

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?

  1. 8 September
  2. 10 September
  3. 8 December
  4. 10 December

Answer(s): A



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?

  1. You will pay a cash settlement to the counterparty
  2. You will receive the cash settlement
  3. There is no cash settlement pending
  4. There is insufficient information to make a determination

Answer(s): B



Your bank purchases a FRA at 0.75% in USD. Under what conditions will you pay a cash settlement?

  1. If EURIBOR is higher than 0.75%
  2. If EURIBOR is lower than 0.75%
  3. If LIBOR is lower than 0.75%
  4. If LIBOR is higher than 0.75%

Answer(s): B






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