ACI 3I0-012 Questions Answers

Banks have a fiduciary responsibility to ensure that clients have all necessary information to understand the transaction because this:

You have done the following deals in spot USD/JPY:

Sold USD 5.0 million at 111.60

Bought USD 3.5 million at 111.20

Bought USD 2.0 million at 111.50

Sold USD 2.0 million at 111.55

What position do you now have?

At the end of the day you are short EUR 10 million against GBP at 0.6712. You are asked to revalue your position at a EUR/GBP rate of 0.6729. What is the resulting profit or loss?

A CD with a face value of USD 50 million and a coupon of 4.50% was issued at par for 90 days and is now trading at 4.50% with 30 days remaining to maturity. What has been the capital gain or loss since issue?