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A 'put' option on a bond allows:

A.

The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date

B.

The regulator to force the issuer 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

A European country that has not adopted the Euro is:

A.

Belgium

B.

Slovakia

C.

Slovenia

D.

Norway

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.

Requestable bond

D.

Askable bond

The ISO currency code 'CHF represents:

A.

Ivory Coast Franc

B.

Chinese Renminbi

C.

Swiss France

D.

Norwegian Krone

The 'settlement cycle' within a securities market refers to the number of days:

A.

Between a trade's trade date and the actual settlement date of a trade

B.

Between a security's issue date and the value date of a trade

C.

Between a trade's trade date and its value date

D.

Between the trade date of a trade and the issue date of a security

The divisors applicable to the calculation of bank interest are:

A.

EUR = 360, USD = 360, GBP = 365

B.

EUR = 365, USD = 360, GBP = 365

C.

EUR = 365, USD = 365, GBP = 360

D.

EUR = 360, USD = 365, GBP = 360

From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

A.

Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

B.

Simultaneously exchanging securities and cash with the counterparty

C.

Delivering an asset to the counterparty following successful exchange of trade confirmations

D.

Receiving the counterparty's asset before instructing release of the contra asset

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

A.

Floating rate notes

B.

Zero coupon bonds

C.

Convertible bonds and Exchangeable bonds

D.

Fixed rate bonds

A firm executing a securities trade in the capacity of agency broker intends:

A.

To take a securities position, and to remain market risk neutral

B.

Not to take a securities position, and not to remain market risk neutra

C.

Not to take a securities position, and to remain market risk neutral

D.

To take a securities position, and not to remain market risk neutral

DTC - the central securities depository for US equities is the abbreviation for:

A.

Depository Trust Company

B.

Depot Transaction

C.

Deposit and Trade Conglomerate

D.

Depot for Trades Corporation