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.

Contract specifications of an option contract do include:

What aims the regulatory package MAD for?

A financial future is a contract:

What is cascading?

Which job title can you expect in the middle office?

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

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

Is initial margin an out-of-pocket expense?

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