Iron Mountain Inc Accounts Receivable Executive Interview Questions and Answers

Q1. Share details of your previous job.
Ans. 
I worked as a Sales Associate at XYZ Company.
• Responsible for assisting customers in finding and purchasing products.

• Maintained knowledge of product inventory and provided recommendations to customers.

• Processed sales transactions and handled cash and credit card payments.

• Assisted in merchandising and organizing store displays.

• Handled customer inquiries and resolved any issues or complaints.

• Collaborated with team members...read more
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Q1. Inputs of Black and Scholes Model. Explain IRS, CDS.
Ans. 
Black and Scholes Model inputs include interest rate, stock price, volatility, time to expiration, and dividend yield. IRS stands for Interest Rate Swap and CDS stands for Credit Default Swap.
• Black and Scholes Model inputs: interest rate, stock price, volatility, time to expiration, dividend yield

• IRS (Interest Rate Swap) involves exchanging fixed interest rate payments for floating rate payments

• CDS (Credit Default Swap...read more
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Q2. Relationship between price and yield. Explain Binomial tree Valuation model.
Ans. 
Price and yield have an inverse relationship. Binomial tree valuation model is a method to price options using a tree structure.
• Price and yield have an inverse relationship - as price increases, yield decreases.

• Binomial tree valuation model is a method to price options by creating a tree of possible price movements.

• The model calculates option prices at each node of the tree and works backwards to determine the option's...read more
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Q3. Explain Options
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Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time frame.
• Options can be call options (the right to buy) or put options (the right to sell).

• Options have an expiration date and a strike price at which the asset can be bought or sold.

• Options are commonly used for hedging, speculation, and generating income.

• Example: A ...read more
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Q1. What are hedge funds.
Ans. 
Hedge funds are investment funds that pool capital from accredited individuals or institutional investors and invest in a variety of assets.
• Hedge funds are typically only available to accredited investors due to their complex and risky nature.

• They often use leverage and derivatives to amplify returns, but this also increases the risk of losses.

• Hedge funds charge both a management fee (usually 2%) and a performance fee ...read more
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Q2. Right issue procedure
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Right issue procedure refers to the process by which a company offers existing shareholders the opportunity to purchase additional shares at a discounted price.
• Company announces the right issue, specifying the number of shares offered and the subscription price.

• Existing shareholders are given the option to purchase the additional shares in proportion to their existing holdings.

• Shareholders can either exercise their rig...read more
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Q3. Bonus issue procedure
Ans. 
Bonus issue procedure involves issuing additional shares to existing shareholders at no cost.
• Bonus issue is a way for companies to reward shareholders without affecting their cash reserves.

• Shareholders receive additional shares in proportion to their existing holdings.

• The procedure involves approval from the board of directors and shareholders.

• Companies may issue bonus shares to increase liquidity or improve market per...read more
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Q1. What is Option, future, swap, bond?
Ans. 
Option, future, swap, and bond are financial instruments used in investment and risk management.
• Option: A contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific time period.

• Future: A contract to buy or sell an asset at a predetermined price on a future date.

• Swap: An agreement between two parties to exchange cash flows or financial instruments.

• ...read more
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Q2. How MTM is settle
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Q3. What is various strategy used in Option
Ans. 
Various strategies used in options trading
• Long Call

• Short Call

• Long Put

• Short Put

• Covered Call

• Protective Put

• Straddle

• Strangle

• Butterfly Spread

• Iron Condor
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Aptitude test

Q1. Derivatives related questions
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Q1. General questions, family background
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Q1. What are Hedge Funds?
Ans. 
Hedge funds are alternative investment vehicles that use pooled funds from accredited investors to generate high returns.
• Hedge funds are managed by professional fund managers.

• They use a variety of investment strategies, including leveraging, short-selling, and derivatives trading.

• Hedge funds are only available to accredited investors due to their high-risk nature.

• They are not regulated by the SEC like mutual funds.

• Exam...read more
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Q2. What are OTC Derivatives?
Ans. 
OTC Derivatives are privately negotiated financial contracts between two parties, not traded on an exchange.
• OTC stands for Over-The-Counter

• OTC Derivatives are customized contracts between two parties

• They are not traded on an exchange

• They are used for hedging, speculation, and arbitrage

• Examples include swaps, options, and forwards
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Q3. What happens when we short securities?
Ans. 
Shorting securities involves borrowing and selling securities in the hopes of buying them back at a lower price.
• Shorting is a bet that the price of a security will decrease.

• Shorting involves borrowing securities from a broker and selling them on the market.

• If the price of the security decreases, the short seller can buy it back at a lower price and return it to the broker, making a profit.

• If the price of the security i...read more
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Q4. What happens when we short put?
Ans. 
Shorting a put option involves selling a put option with the expectation that the price of the underlying asset will rise.
• Shorting a put option is a bearish strategy

• The seller of the put option is obligated to buy the underlying asset at the strike price if the buyer decides to exercise the option

• Shorting a put option can be profitable if the price of the underlying asset rises or remains stable

• However, if the price of...read more
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Q5. What are CDS? Why should any company underwrite CDS?
Ans. 
CDS are Credit Default Swaps, a type of financial derivative used to transfer credit risk from one party to another.
• CDS are contracts between two parties where one party agrees to compensate the other in case of a credit event, such as default or bankruptcy, of a third party.

• Companies underwrite CDS to hedge against the risk of default by a borrower or counterparty, or to speculate on the creditworthiness of a particul...read more
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Q6. What is NAV? How to calculate NAV?
Ans. 
NAV stands for Net Asset Value. It is the value of a mutual fund's assets minus its liabilities.
• NAV is calculated by dividing the total value of a mutual fund's assets by the number of outstanding shares.

• NAV is calculated at the end of each trading day.

• NAV is used to determine the price at which investors can buy or sell shares in a mutual fund.

• NAV can be affected by changes in the value of the underlying assets, as we...read more
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