Question No. 1

A S.W.I.FT. MT541 instructs a custodian to:

AReceive securities on a Free of Payment basis

BReceive securities on a Delivery versus Payment basis

CDeliver securities on a Delivery versus Payment basis

DDeliver securities on a Free of Payment basis

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Correct Answer: B

Question No. 2

A S.W.I.FT. 'Bank Identifier Code' comprises::

AA region code, a country code and a city code

BA bank code, a country code and a location code

CA continent code, a country code and a municipality code

DA bank code, a continent code and a currency code

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Correct Answer: B

Question No. 3

IPO' stands for:

AInternational Private Offering

BInclusive Pre Offering

CInitial Public Offering

DIntegrated Post Offering

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Correct Answer: C

Question No. 4

A bond which pays interest semi-annually quotes its interest rate:

ARelative to a period of 6 months

BRelative to a period of 24 months

CRelative to a period of 12 months

DRelative to a period of 3 months

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Correct Answer: C

Question No. 5

Bond types that are traded at a deeply discounted price are:

AFloating rate notes

BZero coupon bonds

CConvertible bonds and Exchangeable bonds

DFixed rate bonds

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Correct Answer: B

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