PDF 3I0-013 Study Guide

Assets lent by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Liabilities owned by members of a payments system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Assets owned by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Assets swapped by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Always close to 100%

Above 100%

Below 100%

Always precisely 100%

Is based on the interest rate differential between the two currencies

Is based on the same calculation method as the forward rate agreements (FRA)

Is based on linear interpolation

Is based on the calculation of compound interest rates

Trades are executed in nominal amounts

Derivates are bought and sold only over the counter (OTC)

The final settlement of a derivates trade can only be made by physical delivery

The accounting for derivative instruments is off balance sheet