Test your knowledge: Back office – Basic 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 basic level your knowledge is tested with respect to terminology, theory and facts.

What is a typical task of the front office?



What is origination?



What is a nomination?



Contract specifications of an option contract do NOT include:



A financial future is a contract:



Contract specifications of a forward contract do NOT include:



Cascading:



Suppose company A buys a cash settled futures contract at 25.00 euro from company B. The maturity of the contract is 12 months. What is paid by A to B right now?



Why do trading organizations need deal confirmation?



When a master agreement is set up between two parties the only thing that traders have to agree upon are: