Chapter 7 - IT CISI

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1. What is a system called which specialises in processing orders places by customers in different asset classes and is linked to the sources of market data allowing the dealer to "see the market"?

  • OTC Derivatives Trading System
  • Trade Capture System
  • Equities Trading System
  • Main Settlement System
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2. Cash in the bank account, interest receivable & fees for client advise is what category in the General Ledger?

  • DEBIT - because it is money going into the firm's account/ money the firm has
  • CREDIT - because it is money going out of the firm's account / money it doesn't hold.
  • DEBIT - because it is money going out of the firm's account / money it doesn't hold.
  • CREDIT - because it is money going into the firm's account/ money the firm has

3. How often do positions in the Derivatives Trading System need to be revalued?

  • Monthly
  • End of each business day
  • Weekly
  • On request only

4. Which of these would fall under Balance Information Items?

  • The name of the account
  • The opening / closing balance
  • Money value of the transaction
  • Reference Number

5. The FX & Money Market Trading System is responsible for calculating what?

  • Trade proceeds & commission
  • Interest and trade proceed
  • Commissions only
  • Interest
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