You are in the pub with a friend who works for another financial institution. The friend asks you for information about a mutual customer's forward foreign exchange dealing volumes. What should you do?
Bank A has a large number of forward OTC trades with Bank B. What risks will be reduced by concluding a netting agreement?
Your dealer has sold USD 10,000,000.00 against JPY at a rate of 95.00. In settlement you would expect to:
Two days ago, your dealer sold EUR 500,000.00 against JPY. JPY 62,750,000 were credited to your JPY nostro account. The deal was made at what rate?
The control failings involving Barings and Daiwa highlight the critical importance of what operational risk management practice?
TESTED 22 Feb 2025
