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:

• A.141 days and USD 770,212.50
• B.144 days and USD 786,600.00
• C.171 days and USD 934,087-50
• D.174 days and USD 950,475.00

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The two choices for the settlement method utilised within a securities market are:

• A.Tumbling Settlement' and 'Continuing Settlement'
• B.'Rolling Settlement' and 'Account Settlement'
• C.'Continuing Settlement'and'Account Settlement'
• D.'Account Settlement1 and Tumbling Settlement'

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The calculation of profit and loss for securities includes:

• A.Realised (predicted) P&L and Unrealised (likely) P&L
• B.Realised (potential) P&Land Unrealised (actual) P&L
• C.Realised (projected) P&L and Unrealised (authentic) P&L
• D.Realised (actual) P&Land Unrealised (potential) P&L

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Where Firm A has borrowed a fixed cash amount on a secured basis from Firm B, an increase in the collateral value means that:

• A.Firm B has exposure and must request the return of collateral from Firm A
• B.FirmB has exposure and must request additional collateral from Firm A
• C.Firm A has exposure and must request the return of some collateral from Firm B
• D.Firm A has exposure and must return some collateral to Firm B

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A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:

• A.A zero interest bond
• B.A zero interest note
• C.A zero coupon bond
• D.A nil interest bond

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