Bpo Convergence BPO Associate Interview Questions and Answers

Trade life cycle refers to the stages involved in the execution and processing of a trade.

• Trade initiation: The trade is initiated by a buyer and a seller.

• Trade execution: The trade is executed at an agreed price and quantity.

• Trade confirmation: Both parties confirm the details of the trade.

• Trade settlement: The financial and legal obligations of the trade are settled.

• Trade clearing: The trade is cleared through a clea...read more

A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities.

• Mutual funds are managed by professional fund managers.

• Investors buy shares in the mutual fund, which represent their ownership in the fund's assets.

• Mutual funds offer diversification, as they invest in a variety of stocks, bonds, or other securities.

• They provide an opportunity for small in...read more

Accrual fees are charges that accumulate over time and are recorded as liabilities until they are paid.

• Accrual fees are expenses that have been incurred but not yet paid.

• They are recorded as liabilities on the balance sheet until they are settled.

• Accrual fees are common in industries such as finance, legal, and consulting.

• Examples of accrual fees include accrued interest, accrued legal fees, and accrued consulting fees