8/13/2019 Memorised CAIIB BFM Questions MAY 2013 (1)
1/3
1. SPOT : Settlement of funds takes place on the secondworking
day
2. If spot GP is 1.!"""# and 1 month forward as 1.!"$"# then GP
is
Compounded
%. The interest factor is the &asic factor in arri'ing at
the forward rate# in aperfect market.
(. The date of settlement of funds is known as value date.
)credited into *ostro
account on 1" and message recei'ed &y our &ank on
11thwhat is 'alue date.
11th
$. Pro&lem &ased on +,cess of assets o'er the
lia&ilities )Longposition: The &uying of a
security such as a stock# commodity or currency# with the
e,pectation that the asset
will rise in 'alue.-
!. ho prescri&es guidelines and rules of the game in fore,
market operations#
merchant rates# /uotations etc. FEDAI
0. or retirement of import &ill : 1- TT uying 2- TT Selling
%- ill &uying rate (-
non
. 3ross rate pro&lem : GP45S6 7 5S64I*8 com&ination.
9. Pro&lem on ill due date usance period %" days. 6ue date
is 10 e& in
e,am answer is none of the a&o'e.
1".The risk of failure of the counter party during the course of
settlement due to
the time ;one differences &etween the two currencies to
&e e,changedum&ai &ranch of a&c &ank
maintaining an 5S6 account with *ew ?ork
&ranch of ,y; &ank. In the &ooks of a&c
>um&ai &ranch *OST8O account
1%.In Pro&lem one straight /uestion for @OST8O account.
1(.In same pro&lem on /uestion on mirror account.
)reconciliation of entries in
the nostro account in a&c &ank >um&ai
&ooks.-
1$.T
