Within internal books and records, the recording of the trading book on a securities trade facilitates:

A. Reconciliation of settled positions, per trading book and per security - between the trading department and operations

B. Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian

C. Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian

D. Reconciliation of trading positions, per trading book and per security - between the trading department and operations

The market in which debt is issued over the long-term describes:

A. The money market

B. The foreign exchange market

C. The capital market

D. The equity market

The date on which a securities trade is intended to settle is: A. The actual settlement date

B. The contractual trade date

C. The value date

D. The trade date

Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:

A. Common stock

B. Corporate Shares

C. Normal Shares

D. Ordinary Stock

A cash amount of GBP 5,909,658.47 lent on a Thursday until the second Monday (just over 1 week later) at a rate of 2.973%, would attract:

A. 7 days of interest and a cash interest amount of GBP 3369.48

B. 9 days of interest and a cash interest amount of GBP 4392.35

C. 13 days of interest and a cash interest amount of GBP 6344.51

D. 11 days of interest and a cash interest amount of GBP 5294.89

The type of organisation that specializes in deposit-taking and cash loans is known as a:

A. Mutual fund

B. Commercial bank

C. Investment bank

D. Private bank

Bond types that are traded at a deeply discounted price are:

A. Floating rate notes

B. Zero coupon bonds

C. Convertible bonds and Exchangeable bonds

D. Fixed rate bonds

DTC - the central securities depository for US equities is the abbreviation for:

A. Depository Trust Company

B. Depot Transaction

C. Deposit and Trade Conglomerate

D. Depot for Trades Corporation

The US regulator 'SEC stands for:

A. Securities Exchange Corporation

B. Securities Enterprise Conglomerate

C. Securities and Exchange Commission

D. Securities Endeavour Company

A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:

A. A zero interest bond

B. A nil interest bond

C. A zero coupon bond

D. A zero interest note