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

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 ask rate for EUR/ILS?

Cascading brings along:

An embedded option is:

What is bilateral netting?

A trade & risk management system support back offices with:

In a master agreement is agreed upon:

The mid price is:

Cascading may involve:

Novation is:

A bank makes a market in the EUR/USD exchange rate: 1.4034-1.4036. Suppose you sell 10 million USD to them, then what do you receive?