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 underlying value does a future contract have when it involves a delivery period?

Which job title can you expect in the middle office?

What is netting?

What is Trayport's software (Global Vision) doing?

What is NOT a task of most back offices?

Treasury management organizations primary tasks is to:

Suppose company A buys in the OCT market a forward contract -which settles physically- at 25.00 euro from company B. The maturity of the contract is 12 months. What is paid by A to B right now?

Suppose company A buys a cash settled futures contract at 25.00 euro from company B. The settlement price at maturity is 27.30. What is paid by A (per unit of trading)?

Hedge accounting is an accounting rule and it includes:

Mark-to-Market valuation refers to the valuation of positions according to: