JEOPARDY

GK

100

Which type of bond has its interest payments adjusted based on changes in inflation?

A. Zero-coupon bond

B. Corporate bond 

C. Treasury Inflation-Protected Securities

D. Municipal bond

C. Treasury Inflation-Protected Securities

200

What does the first two digit of an ISIN Code refer to?

_{A. A unique identifier}

_{B. Check digit}

_{C. Random identifier}

_{D. Country code}

D. Country code

300

According to general financial term, if coupon = Yield, then

_{A. Price > PAR, Bond is at discount}

_{B. Price < PAR, Bond is at premium}

_{C. Price < PAR, Bond is at par}

_{D. Price = PAR, Bond is at premium}

D. Price = PAR, Bond is at premium

400

What role does a bond indenture play?

_{A. It outlines the financial penalties for missing interest payments.}

_{B. It is a legal document specifying the terms and conditions of a bond issue.}

_{C. It acts as an insurance policy for bondholders.}

_{D. It defines the annual coupon rate of the bond.}

B. It is a legal document specifying the terms and conditions of a bond issue.

500

What is the impact of rising interest rates on the market value of existing bonds?

_{A. The market value generally increases.}

_{B. The market value generally decreases.}

_{C. There is no impact on the market value.}

_{D. The market value fluctuates unpredictably.}

B. The market value generally decreases.

COVERAGE

100

US Agency Discount Notes are covered by ____ ? 

_{A. FACTSET}

_{B. EMBS}

_{C. TELEKURS}

_{D. S&P}

C. TELEKURS

200

What do we check if a client account has a custom Intex ACL?

_{A. Intex Website}

_{B. PS Dashboard}

_{C. ECS Management Console}

_{D. Fixed Income Settings}

C. ECS Management Console

300

If more than 20% of bank loans in client's DC have dropped coverage, you need to reach out to ______ to confirm the validity.

_{A. Client}

_{B. FIAPD-HYD}

_{C. Account team}

_{D. Team Leads}

B. FIAPD-HYD

400

You encounter a security covered by both TK and FTC and is running Telekurs as the Primary T&C source but has no analytics. What would be the analyst's best course of action.

_{A. Request a security source switch from TK to FTC}

_{B. Request TK to remove th security from their coverage list}

_{C. Request client to model the security}

_{D. Rerun the security}

A. Request a security source switch from TK to FTC

500

As per new SOP on WSO Bank Loans, what table action would you take for the error log, "Facility has no corresponding contracts however there is non-zero commitment. Date from vendors appears to be incomplete. This deal cannot be processed."

_{A. Resolved >Valid> Plausible Analytics}

_{B. Client Verification > Email/IT > Request to Model the security}

_{C. Factset> Analytics PD Team}

_{D. On Hold > Engine Bug/Enhancement}

D. On Hold > Engine Bug/Enhancement

OUTLIERS

100

When we encounter a preferred equity in our recon investigations, which of the following will be its most probable input price?

_{A. 4.5}

_{B. 0.001}

_{C. 1}

_{D. 25.2}

D. 25.2

200

Government securities that are issued with maturities of 2,3,5,7 and 10 years and pay interest every six months.

_{A. Bills}

_{B. Notes}

_{C. Bonds}

B. Notes

300

For a DSMS security with UB breach and Price failure, you noticed that the loss assumption assumption has lapsed in SM. What is the correct std comment for this scenario?

_{A. The security has defaulted. Please assign a loss assumption in @FS ("Fixed Income Settings") or model in Security Modeling with loss assumptions. The Account Team will assist in assigning loss assumptions for this defaulted security.}

_{B. Upper bound breach of analytics is plausible for the defaulted security due to the specified recovery rate.}

_{C. UB breach of analytics is plausible due to expiration of the loss assumptions. Please update the loss assumption in Security modeling application (SM) to generate plausible analytics.}

_{D. Please verify the recovery assumption for this security. Our modeling specialists will assist in assigning the correct recovery assumption for this security.}

C. UB breach of analytics is plausible due to expiration of the loss assumptions. Please update the loss assumption in Security modeling application (SM) to generate plausible analytics.

400

For OPT SEC_SRC security, if the DoD change in price is 75% do we need to escalate to client?

_{A. YES}

_{B. NO}

B. NO

500

For an inflation linked bond issued by USA and client is sending uplift price when the client settings for inflation linked securities is opted for United kingdom. Next course of action?

_{A. Change the settings to USA and rerun the security}

_{B. Change the security's price in DC to clean price}

_{C. Ask the client to send clean price}

_{D. Confirm with internal team about the Client settings}

A. Change the settings to USA and rerun the security

PSPC

100

Which application is used to fake complete a Job?  

_{A. Cornerstone – Editor tab} 

_{B. PHQ} 

_{C. Cornerstone – Manager tab} 

_{D. Cornerstone – Directory tab}

Cornerstone – Directory tab  

200

This tool is used in checking if the preprocessing code has changed or been recently updated. 

_{A.  Kibana} 

_{B. PHQ}

_{C. Cornerstone}

_{D. Github}

D. Github

300

WSO Job: If there is no downstream jobs for a failed WSO job, do you need to block production and alert the client?

_{A. YES}

_{B. NO}

B. NO

400

Which order in the FF is correct? 

_{A. Acquire, Recon, Transform, Analysis}  

_{B.  Acquire, Parse, Analysis, Transform} 

_{C. Parse, Analysis, Reconciliation, Report}

_{D.  Transform, Parse, Recon, Analysis}  

C. Transform, Parse, Recon, Analysis

500

What action should we take when we see error logs like this: 

“PRU could not run any portfolio-date because: - No source with valid date is available.” 

_{A. Check the Dates file.} 

_{B. Escalate to the Account team to verify if this behavior is expected.}   

_{C. Check if Production/ Adhoc run have Parser job upstream to the PRU job. If no Parser job, then resolve. If Parser job is available, follow next steps.} 

_{D. If this recurs for more than 3 consecutive runs Escalate to IBS Services Product Management to verify the job workflow.}

B. Escalate to the Account team to verify if this behavior is expected.