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EWB FX
100
Name five countries who uses EURO?

  • Austria
  • Belgium
  • Cyprus
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • the Netherlands
  • Portugal
  • Slovakia
  • Slovenia
  • Spain
100
What is the largest market in the world?
FX

100
What types of payments will generate FX fee income?

Incoming FX wires

outgoing FX wires

100
Name three risk management hedging tools?

Forward / Window Forward / Options / FCDDA 

100
What is the infamous "FX Equation"?
International = FX = fee income = your FX Advisor
200
Which of the following currencies is worth more than the USD per 1 unit?
Australian Dollar / Chinese RMB / Swiss Francs / Canadian Dollar
200
What is the approximate daily turnover of the FX market?
$5-6 trillion ($8+ trillion back in the "hey day")
200
What is the key piece of information needed for incoming wires?
Intermediary bank
200
Which hedging products discussed require a FX Line of Credit?

Forwards & window forwards 

200
Name one of the key strategic initiatives for the EWB Global FX team

USD Data Mining; Leading with FX; RMB LC internal hedging; Cross Border, etc.
300
Name a market that has a high correlation with the pair “USDCAD
COMMODITY
300
If a trader is not to beat the market, what/who is the actual target
other traders
300
What types of Customers can do RMB payments into/out of China?
Business Customers only
300
What is the highest margin FX product?

Banknotes

300
One goal for FX Ops?

There are 5

400
What are the two different rate quotation conventions
In Dollar (Direct/American) and Per Dollar (Indirect/European)
400
How does inflation impact FX rates?
Higher inflation causes higher interest rate and thus favor the currency to appreciate
400

How long do most FX payments take to clear or arrive to the beneficiary bank?

2 business days is market practice

Canada & Mexico is 1 business day

400
What are ways that a customer can set up a FX Line of credit?
Existing line of credit or cash collateral
400
Give an example of a type of structured FX Exposure Management Program
Balance Sheet Hedging; Cash Flow Hedging; Net Investment Hedging
500
How many markets are there for Chinese RMB  & what are their currency codes
2, CNY & CNH

500

How do FX transactions clear? Through what types of entities?

Interbank / Bank-to-bank clearing

500

Name 3 benefits for why customers should do FX payments

1) save on wire fees

2) receive preferred/Elite FX rates

3) hedge their risk by locking rates

4) more transparency

500
What is a structured FX Exposure Management Program?
A structured hedging program that helps to neutralize the impact of FX G/Ls
500
Who is the "CFO" of the FX team?
Norman Siu