Test your knowledge: Back office – Advanced level

Test your knowledge about operations, as well as ICT processes, finance & control, accounting and legal aspects
Knowledge related to Operations, Business Control & Finance is not just relevant for Back Office staff, but also for IT specialists, legal experts, compliance officers, controllers and accountants.
At this advanced level you are tested with respect to your skills, the application of knowledge and therefore practice

In a master agreement is agreed upon:

Cascading may involve:

How are freight derivatives settled?

Fair value accounting refers to:

Counterparty risk is managed by having in place:

The mid price is:

A trade & risk management system support back offices with:

Suppose the EUR/USD rate is quoted at 1.4471-1.4473 and the USD/ILS is priced at 11.60-11.62 then what is the bid rate for EUR/ILS?

Offsetting of all positions with all market participants is called:

An offer is: