CII M05 Q&A - in .pdf

  • M05 pdf
  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
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NEW QUESTION: 1
Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the FRABBA LIBOR is now 6.00%. Which of the following is true?
A. There is no cash settlement pending
B. There is insufficient information to make a determination
C. You will receive the cash settlement
D. You will pay a cash settlement to the counterparty
Answer: D

NEW QUESTION: 2
You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?
A. Access Point
B. Access Entitlement
C. Access Point and User Business Object
D. Access Point and Fusion Access Condition
E. Fusion Access Condition
Answer: B

NEW QUESTION: 3
1 월 1 일자 미화 100 만 달러의 10 년 채권 발행
1 년차 및 1 월 1 일과 7 월 1 일에 반년마다 연간 12 %의 이자율로 이자를 지게 됩니다. 동일한 이자 지급 일정으로 유사한 위험 및 만기 채권에 대한 시장 이자율도 12 %입니다. 채권이 1 년 2 월 1 일에 발행 된 경우, 발행일에 발행 기관이 채권 구매자로부터 받는 금액은 다음과 같습니다.
A. US $ 1,020,000
B. US $ 990,000
C. US $ 1,010,000
D. US $ 1,000,000
Answer: C
Explanation:
The amount the issuing entity receives on 2/11Yr 1 is the face amount of the issue plus 1 month of accrued interest, or US $1,010,000 {$1,000,000 + [($1,000,000 x 12%) -12]}.

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