BNP Paribas India Solutions Associate Interview Questions, Process, and Tips

Trade life cycle is the process of a trade from initiation to settlement.

• Initiation: Trade is proposed and agreed upon by parties involved.

• Execution: Trade is executed on the agreed terms.

• Confirmation: Parties confirm the details of the trade.

• Clearing: Trade details are sent to clearing house for validation.

• Settlement: Actual exchange of securities and funds takes place.

• Post-trade processing: Reconciliation and reporti

SSI stands for Supplemental Security Income, a federal program that provides financial assistance to elderly, blind, and disabled individuals with limited income and resources.

• SSI is administered by the Social Security Administration.

• To qualify for SSI, individuals must meet certain income and resource limits.

• The amount of SSI benefits received is based on the individual's income and living situation.

• Examples of indivi...read more

Settlement SWIFTS are messages used in the financial industry to facilitate international money transfers.

• SWIFT stands for Society for Worldwide Interbank Financial Telecommunication

• Settlement SWIFTS are used to communicate payment instructions between financial institutions

• They contain information such as sender, receiver, amount, currency, and payment instructions

Collateral is important in derivatives trading, especially in CDS, to mitigate counterparty credit risk.

• Collateral serves as a form of security for the parties involved in a derivatives trade.

• It helps to mitigate counterparty credit risk by ensuring that each party has sufficient assets to cover potential losses.

• In CDS, collateral is particularly important as it is used to protect against default by the reference entit...read more