Citicorp Fund Accounting Analyst Interview Questions, Process, and Tips

Derivatives are financial instruments whose value is derived from an underlying asset. Trade life cycle refers to the stages involved in a trade from initiation to settlement. Options are financial contracts that give the holder the right, but not the obligation, to buy or sell an asset at a specified price within a specific time period.

• Derivatives are financial instruments that derive their value from an underlying as...read more

Reconciliation process involves comparing two sets of records to ensure they are in agreement.

• Reconciliation process involves comparing financial records, transactions, or statements to identify discrepancies.

• It includes verifying balances, transactions, and other data between different sources.

• Reconciliation helps in identifying errors, fraud, or missing transactions.

• Common types of reconciliations include bank reconc...read more

Financial markets refer to the platforms where financial instruments are traded, such as stocks, bonds, and commodities.

• Financial markets are where buyers and sellers come together to trade financial instruments.

• These instruments can include stocks, bonds, commodities, currencies, and derivatives.

• Financial markets can be divided into primary and secondary markets, depending on whether the instruments being traded are n...read more

Options, swaps, and CDS are financial instruments used for hedging and risk management.

• Options are contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price and time.

• Swaps are agreements between two parties to exchange cash flows based on different financial instruments, such as interest rates or currencies.

• CDS (Credit Default Swaps) are contracts that...read more