文档介绍：1. The NDF rate is set by .
A. all of the above
B. the four leading dealers
C. the two counterparties of an NDF contract
D. Reuters or Telerate
2. The NDF is settled when .
A. the NDF rate is higher than the current spot rate
B. the difference between the NDF rate and the current spot rate is paid or received
C. the principal amounts of the two currencies are exchanged
D. both the principal and the difference are exchanged
3. According to the passage, which of the following is not mentioned in the passage as the reason for the lower counterparty risks of an NDF ? .
A. NDFs are exchange-traded products
B. NDFs are off-the-balance-sheet products
C. NDFs are non-cash products
D. The principal amounts are not exchanged
4. The main purpose of a corporate in trading NDF is to .
A. enhance the credit standing of their corporate
B. maintain the value of their domestic currency
C. cover foreign currency exposures
D. add liquidity to their overseas investments
5. The word "tenor" in the last paragraph means .
A. counterparty
B. maturity
C. nominal principal
D. holder, in-due-course
6. Before joining the Bank of England, Sir John was .
A. a financial analyst
B. a government official
C. a senior butler
D. an accountant
7. According to Sir John Gieve, which of the following is an advantage of London as an international financial