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SUN 310-010 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Foreign Exchange | 15% | - Benchmark fixings and valuation - Spot, forward, and swap transactions - FX conventions and settlement processes |
| Money and Interest Rate Markets | 15% | - Interest rate calculations and conventions - Short-term instruments and deposits - Bonds, notes, and repo transactions |
| Financial Markets Environment | 20% | - Structure and participants of financial markets - Documentation and legal aspects - Risk types and operational controls - Regulatory framework and codes of conduct |
| Treasury Operations & Applications | 25% | - Deal capture, confirmation, and verification - Payments and securities settlement systems - Reconciliation and investigations - Treasury systems and data management - Clearing, settlement, and netting |
| Derivatives | 25% | - Collateral and margining processes - Settlement and clearing mechanisms - Exchange-traded and OTC derivatives - Futures, FRAs, swaps, and options |
310-010 Exam Facts and Modern Study Formats
- Money and Interest Rate Markets (15%)
- Foreign Exchange (15%)
- Derivatives (25%)
SUN ACI - Operations Certificate Sample Questions:
The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:
- A. is based on linear interpolation
- B. is based on the calculation of compound interest rates
- C. is based on the interest rate differential between the two currencies
- D. is based on the same calculation method as the forward rate agreements (FRA)
Correct Answer: C 🗳️
What deals are usually associated with a collar?
- A. A purchase of a step-up cap and a sale of a step-down floor
- B. A purchase of a cap and a sale of a cap at higher reference rate
- C. A purchase of a cap and a purchase of a floor
- D. A purchase of a floor and a sale of a cap or vice versa
Correct Answer: D 🗳️
In the Euro deposit markets, what is spot?
- A. value one calendar day forward
- B. value two bank business days forward
- C. value two calendar days forward
- D. value one bank business day forward
Correct Answer: B 🗳️
When an over-the-counter broker executes an order for your bank, what information is required on the confirmation you are sent?
- A. the price of the security
- B. The price of the security; the role played by the broker; the commission, if any, that was charged and the security that was bought or sold
- C. the price of the security; the role played by the broker
- D. the price of the security; the role played by the broker; and the commission, if any, that was charged
Correct Answer: B 🗳️
What does ISDA stand for?
- A. Informative Software for Dealing Activities
- B. International Swap Derivatives Agreement
- C. Integrated System Data Association
- D. International Swaps and Derivatives Association
Correct Answer: D 🗳️
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