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

An offer is:



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



What is bilateral netting?



Counterparty risk is managed by having in place:



How are weather derivatives settled?



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?



An embedded option is:



A trade & risk management system support back offices with:



Company A buys a forward contract in the OTC market at a price of 40.00 per unit. Assume the volume of the contract is just one unit of trading. What is paid at the conclusion of the deal by A?



How are freight derivatives settled?