Which one of the following statements about claims is true?
Options:
A.
Claims are not expected to be submitted after 15 days from the actual settlement date.
B.
Claims of less than USD 5,000.00 are not expected to be submitted.
C.
Claims are calculated on the full principal amount of the failed transaction. Interest rates are imposed by the agent banks, unless a higher negotiated rate is to be applied.
D.
Acknowledgement of receipt of a claim should be confirmed within 48 hours by email or SWIFT.
Answer:
C
Question 94
When a broker needs to switch a name this should be done:
Options:
A.
only after consultation with the local regulator
B.
only if the switching transaction is done at the current market rate
C.
only provided that such transactions are identified as switching transactions
D.
only after approval by the broker’s senior management
Answer:
C
Question 95
What is a long strangle option strategy?
Options:
A.
A short call option + short put option with a higher strike price than the call option
B.
A long call option + long put option with a lower strike price than the call option
C.
A short call option + short put option with a lower strike price than the call option
D.
A long call option + short put option with higher strike price than the call option
Answer:
B
Question 96
The buyer of a cap:
Options:
A.
Receives compensation if a reference interest rate falls below an agreed level
B.
Pays compensation if a reference interest rate falls below an agreed level
C.
Receives compensation if a reference interest rate rises above an agreed level
D.
Pays compensation if a reference interest rate rises above an agreed level
