Chapter 6 - IT CISI

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1. What type is the interactive communications services "based on the exchange of request and response messages" between two parties called?

  • FIX Protocol
  • SWFITNet InterAct
  • SWIFTNet FileAct
  • XML
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Other questions in this quiz

2. Why would a Market Maker or Sell-Side firm decide to borrow securities?

  • They've run short on positions (sold more stock than bought) or they cannot deliver their securities.
  • They've run long on positions (bought more stock than they sold) or they cannot deliver their securities.

3. If a corporate wishes to communicate with several banks what can it do?

  • register with multiple FAFTA
  • register in multiple MA-CUGs
  • register with multiple SCOREs

4. The identity of the other party & its settlement agent are represented by what code?

  • BIC or CSD codes
  • SEDOL, ISIN or CUSIP
  • SEDOL
  • ISIN

5. SWIFTNet Link

  • suite of software products that ensures technical interoperability between users by providing the functionality required to communicate over these services
  • Messages being sent to an intermediate station whee they are kept and sent at a later time to the final destination or to another intermediate station.
  • highly secure telecommunications based on the IP Protocol
  • A security layer that is essential to SWIFT environment with regarding sending / receiving messages. Use of authentication keys to encrypt messages.

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