Sno Question TA B C D E F Correct AnDifficulty

1 What is th SettlementTrading Centralize All C 2

2 ISDA M astHierarchy oWithholdi Holiday CaOption A & B D 2
3 Reconcilia The trade dTrade amou Trade confTrade is booked A 2
4 Nostro accoYour accouTheir accouOur accounCounterparties
Reconciliation between front account
officeintrading
a ban Csystem and portfolio2 accounting
5 Which of thReconciliatReconciliatsystem Reconciliations of counterpartie C 2
6 For
Asset ManaProfession
a domestic bank, an Managing
account tProviding
held by it onOption a and
behalf of abforeign bank is calledD _______ 2
7 account
Depot reconciliation is the process of reconciling securities holding of an ________ against the 2
Nostro Vostro Loro Savings B
8 securities maintained
____________isGlobalaCus with
Depositor
financial the ________
Financial
institution whoi Financial institution,
is responsible Custodian aDfirm’s or
for safeguarding 2
9 individual’sCustodian
financial asset:
Broker Prime BrokTrader A 2
10 custodian isGlobal Region Head Cust Local D 2
11 Benefits
Only those ofIncrease
shareholdersthFacilitate Trading
whose names in Allow
appear oninvestors to earn
the register good in C as of the
of shareholders 2
12 ______, willExbe Dividen
eligibleRecord
to receive
DatDeclaratio
the forthcoming
Distribution
dividend
Date B 2
13 Cash DivideOn the marPer the guiOn the FacePer the guidelines of the RegulatC 2
14 The _______ SettlementCustodiansCentral Co Depository C 2
15 The rules oSettlementCurrency s Counterpa All of the above D 2
16 Stock
RecordBorr ISDA
date: GMSLA
30-Sept-2015 B 2
17 A buyer buys Yesshares on No29-Sept-2015. Will he be entitled to receive the shares? A 2
18 Act/360 refActual numb Actual numIf Leap yeaActual number of days / 360 D 2
19 Which of thMarket spec InstrumentPrice CalcuAll outstanding
Involves ensuring breaks between
the p&l D is accurate as per
of a trade 2 the economics ag
20 AffirmationInvolves c Involves c Involves c between both CP’s D 2
21 S.W.I.F.T s Society fo Society fo Society of Society for Worldwide Indian T A 2
22 CustodiansProviding rPhysically Provide unlMaintain trade details and confirD 2
23 ISDA helps StandardizProviding s Reconcili Minimizing trade capture errors A 2
24 Trade
_______ trade Seller oforders
executes thBuyer onofbehalf
thMarket
of itsmaLender of the securities
clients, whereas a ______ trades for A its own account 2
25 (Level Practice)
Dealer , br Broker , c Trader , cli Broker , dealer D 2
26 Which is noCustodies aHelps InveParticipateHelps in settlement of trades B 2
27 When a StaThe correspWe are makInternal cancellation of a payment A 2
28 A Ledger
When thede Receipt of Payment
Investment manager odoes
Contra
notentry
reconcile positions with the custodian A bank it could 2
29 result in Failed trad Financial l Reputationa Does not mA, b & c E 2
30 Statement Internally
e Entries re These are eNone of the above
Manufactured income is a process where the economic benefits associated with the B 2
31 underlier during
True the SBL False
period are retained by the borrower B 2
32 CLS
Freebank peDvP methoFoP
Of Payment meth0
(FoP) refers PvP methnon
to separate CLSsimultaneous
could chooseexchange
any of these C and securities
of cash 2
33 between counterparties(Level
True False 2_Practice) A 2
34 Netting can True False
ISDA master agreement cannot be negotiated, once signed it governs all the individual B 2
35 transactions Trueentered into
Falseby counterparties B 2
36 Financial ISDA SWIFT OMGEO A 2
37 SettlementNon receipSettlementBoth None C 2
38 Can a trade Yes No May be
All the trading brokers should also hold clearing bank accounts as prescribed by the B 2
39 clearing houseTrue
is a processFalsewhere Both the counterparties are agreeing to the core B economic details2of
40 Trade affir the trade on Is the
trade
same
dateThis is theBoth A and C D 2
41 Trade enri Core econom Is done aft Additional A and C C 2
42 Who acts as DepositoryClearing h Exchange None of them. B 2
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