EMT Practice Test

1. Question Content...

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Question1: A bond whose coupon rate increases at pre-specified dates and at a pre-specified interest rate is known as:

Question2: FTM Levy is charged:

Question3: The 'settlement cycle' within a securities market refers to the number of days:

Question4: The number of days of accrued interest, and the cash value of accrued interest - on a trade of USD 45,000,000 World Bank 4.37% Bonds 1st December 2032, paying interest semi-annually on 1st December and Ist June, trade date 22~d October, value date 25tl October, is:

Question5: DTC - the central securities depository for US equities is the abbreviation for:

Question6: The US regulator 'SEC stands for:

Question7: The type of organisation that provides securities underwriting services is known as a

Question8: The price of a bond trade which excludes accrued interest is known as:

Question9: The following are examples of money market instruments:

Question10: IPO' stands for:

Question11: The type of organisation that specializes in deposit-taking and cash loans is known as a:

Question12: A 'put' option on a bond allows:

Question13: The integrity of internal books & records for securities is proven by ensuring:

Question14: A firm executing a securities trade in the capacity of agency broker intends:

Question15: The ISIN stands for:

Question16: The date on which a securities trade is intended to settle is:

Question17: Within internal books and records, the recording of the trading book on a securities trade facilitates: