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  • Vendor : ISQI
  • Certifications : ISTQB CTAL-TA_Syll2019
  • Exam Name : ISTQB Certified Tester Advanced Level - Test Analyst (Syllabus 2019)
  • Exam Code : CTAL-TA_Syll2019
  • Total Questions : 376 Q&As
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    NEW QUESTION: 1
    DRAG DROP


    Answer:
    Explanation:

    Explanation:

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    NEW QUESTION: 2

    A. Option D
    B. Option B
    C. Option A
    D. Option E
    E. Option C
    Answer: C

    NEW QUESTION: 3
    A fund manager buys a gold futures contract at $1000 per troy ounce, each contract being worth 100 ounces of gold. Initial margin is $5,000 per contract, and the exchange requires a maintenance margin to be maintained at $4,000 per contract. Prices fall the next day to $980. What is the margin call the fund manager faces in respect of daily variation margin ?
    A. $2000
    B. $0
    C. $1000
    D. $7000
    Answer: A
    Explanation:
    Explanation
    The loss to the fund manager is $20*100 = $2,000. The initial margin placed was $5,000. After the loss is charged to his account, the margin balance is only $3,000 ($5,000 - $2,000). The margin to be maintained is
    $5,000. Therefore the margin call is $2,000.
    Note that there would have been no margin call till the balance in the margin account had reduced to the
    'maintenance' level of $4,000. So if the price had fallen by $5, and the loss had been $500, there would have been no margin call. But when the margin call would be made, it would require the balance to be brought up to the initial margin of $5,000 (and not the maintenance margin of $4,000).


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