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 nomination?

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

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

What is netting?

Two market participants offset positions. How is this called?

Contract specifications of an option contract do NOT include:

What is origination?

What is reconciliation?

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)?

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