Financing International Trade USD/INRs 67.60/62 and you are long in your tion and your limit may hit any time, in an uptrend- ing market the ideal or the best quots would be 57.61/63 IL 57.59/61 ML 57.80/12 9 Nostra avea LA US dollar maintained by the Indian bank Chase Manhattan Bank in New York A Ned by Chase Manhattan hankan Indian Bank In India KA US dollar accent maintained by Chase Manhattan Bank weinin bank in India Ayan maintained by Chase Manhattan with the Bank of Toky, Osaka branch All .. and I . .00 and 180 vil .. and vill .. and M On July 10, 2011, at 10 AM, an exporter requested Mis or her bank for providing him or her with CTI LCY rate for conversion of his or her USO deposit to INA. The transaction was concluded at the rate of 45. By default, this would mean that the actual currency exchange between the exporter and bank would happen on i Cash date i. Tom date ill. Spot date Iv. Forward date None of the above 5. 1 Bob has to ask for a quote of USD/yen he would say 1 million yen IL 1 million USD ill. Either of lor 6. NTP means 1. The average period normally involves from the date of negotiation purchase/discount till the proceeds of bill credited in the nostro account of the bank concerned. IL It is used for sight draft or for the usance draft like 90 days at sight ili. It is in general 25 days h. It is related to the time taken for the arrival of goods at overseas destination 2 (0) (im vi. Only) and (1) VII. All (0.00) and (M After doing a deal with an export customer, INR depreciates; by doing the cover bank earns L More profit IL Less profit li. Only the margin, irrespective of the move in the market 10. The following quotes are seen on the screen: (1+1) USD/SGD spot 1.6225/30 182-day swap: 35/20 a. The outright forward USD/SGD 182-day rate is i. 1.6190/1.6210 l. 1.6195/1.6205 iii. 1.6245/1.6265 b. SGD is at discount ii. premium 11. Purchase and sale transaction has to be classified from the point of view of a. The customer when it is merchant desk transaction b. The bank when it is interbank transaction C. Always AD-I category bank aswer the followin