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NEW QUESTION 10
Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:
- A. Normal Shares
- B. Ordinary Stock
- C. Corporate Shares
- D. Common stock
Answer: D
NEW QUESTION 11
A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:
- A. A zero interest bond
- B. A nil interest bond
- C. A zero coupon bond
- D. A zero interest note
Answer: C
NEW QUESTION 12
The 3 largest centres for foreign exchange trading are:
- A. UK, 2) US, 3) Singapore
- B. US, 2) Singapore, 3) UK
- C. US, 2) Japan, 3) UK
- D. Hong Kong, 2) UK, 3) US
Answer: A
NEW QUESTION 13
The number of days of accrued interest, and the cash value of accrued interest - on a trade of GBP 30,500,000 Barclays Bank GBP Floating Rate Notes November 2028, paying interest quarterly - the current coupon rate is
3.7162% for the period 21s' November to November 21s' February, trade date 3rd February, value date 5th February, is:
- A. 45 days and GBP 139,739.30
- B. 76 days and GBP 236,004.15
- C. 107 days and GBP 336,883.85
- D. 45 days and GBP 141,680.12
Answer: B
NEW QUESTION 14
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Demandable bond
- B. Callable bond
- C. Askable bond
- D. Requestable bond
Answer: B
NEW QUESTION 15
The type of organisation that provides securities underwriting services is known as a
- A. Investment bank
- B. Commercial bank
- C. Pension fund
- D. Insurance company
Answer: A
NEW QUESTION 16
The market in which debt is issued over the long-term describes:
- A. The money market
- B. The equity market
- C. The foreign exchange market
- D. The capital market
Answer: D
NEW QUESTION 17
The Clearstream Group includes:
- A. The ICSD 'Clearstream Banking Amsterdam' and the NSCD 'Clearstream Banking Luxembourg'
- B. The ICSD 'Clearstream Banking Brussels' and the NCSD 'Clearstream Banking Berlin'
- C. The ICSD 'Clearstream Banking Paris' and the NSCD 'Clearstream Banking Munich'
- D. The ICSD 'Clearstream Banking Luxembourg' and the NSCD 'Clearstream Banking Frankfurt'
Answer: D
NEW QUESTION 18
The 'settlement cycle' within a securities market refers to the number of days:
- A. Between a security's issue date and the value date of a trade
- B. Between a trade's trade date and its value date
- C. Between the trade date of a trade and the issue date of a security
- D. Between a trade's trade date and the actual settlement date of a trade
Answer: B
NEW QUESTION 19
Within internal books and records, the recording of the trading book on a securities trade facilitates:
- A. Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian
- B. Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian
- C. Reconciliation of settled positions, per trading book and per security - between the trading department and operations
- D. Reconciliation of trading positions, per trading book and per security - between the trading department and operations
Answer: D
NEW QUESTION 20
A 'put' option on a bond allows:
- A. The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date
- B. The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date
- C. The bondholder to redeem their bonds prior to the bond's scheduled maturity date
- D. The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date
Answer: C
NEW QUESTION 21
On a scale of 1,500,000 Microsoft Corporation shares at a price of USD 3.78 per share, the SEC Fee payable is::
- A. USD 189.00
- B. USD 1.89
- C. USD 1890.00
- D. USD 18.90
Answer: A
NEW QUESTION 22
Accrued interest is designed to:
- A. Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date
- B. Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date
- C. Compensate the seller of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date
- D. Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date
Answer: C
NEW QUESTION 23
A cash amount of GBP 5,909,658.47 lent on a Thursday until the second Monday (just over 1 week later) at a rate of 2.973%, would attract:
- A. 11 days of interest and a cash interest amount of GBP 5294.89
- B. 13 days of interest and a cash interest amount of GBP 6344.51
- C. 9 days of interest and a cash interest amount of GBP 4392.35
- D. 7 days of interest and a cash interest amount of GBP 3369.48
Answer: A
NEW QUESTION 24
'ISO' stands for:
- A. Intercontinental Symposium of Organisations
- B. Intraterritorial Organisation of Securities
- C. International Organisation for Standardisation
- D. Invention of Standards for Organisations
Answer: C
NEW QUESTION 25
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