EUR rates are higher than AUD rates in the 6-month

AUD rates are higher than EUR rates in the 6-month

There is a positive EUR yield curve

There is not enough information to decide

When one of the principals confirms the deal

When the principals give a written undertaking for all deals done at the end of the day

When acknowledgement is received from the principals that the deal is done

When both back offices acknowledge the deal

ensure that compliance is carried out efficiently

set limits on borrowing in the short-term markets to fund long-term lending

develop, evaluate, monitor and approve strategies related to risk due to imbalances in the asset and liability structure of the balance sheet

report to the board of directors

Eliminated credit risk

Eliminated market risk

Taken a guarantee from the issuer of the collateral

Taken on market, legal and operational risks

It is recommended that ECNs have mechanisms that control price flashing

A manual kill button that disables the system’s ability to trade and cancels all resting orders may not be established without Central Bank approval

The sudden withdrawal of a specific credit limit or limits in a tactical manipulation to mislead the market is unethical

Algorithms require appropriate supervision performed by staff with commensurate levels of experience

a synthetic forward

a straddle

risk reversal

a strangle

4.05%

3.891%

3.838%

1.946%

Exchange-traded

Margined

Standardized

Dealtoverthe counter

EUR 349,806

EUR 344,632

EUR 319,315

EUR 324,110

5.71%

5.69%

5.72%

5.62%

An exchange ot two streams of interest payments in different currencies and an exchange of the principal amounts of those currencies at maturity

A spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between two parties

An exchange of currencies on a date beyond spot and at a price fixed today

None of the above

To reduce the number and size of payments and transfers

To reduce exposure to credit risk

To reduce the size of the balance sheet

All of the above

all legal disputes

disputes related to market practice or conduct as set out in the Model Code or in any other Code of Conduct

disputes between two market participants, at least one of them being a member of ACI

disputes related to over-the-counter financial instruments as detailed in appendix four of the Model Code

6-month AUD rates are higher than 6-month NZD rates

6-month AUD rates are lower than 6-month NZD rates

Spot AUD/NZD will be higher by approximately 170 points in 6 months

The AUD yield curve is positive, whilst the NZD curve is negative

It reduces operational risk.

It splits differences arising from failed settlement between the two counterparties.

It removes the need for sending out SWIFT payment authorisations.

All of the above.