10+ State Street Corporation Interview Questions and Answers for Freshers

I handle escalations by staying calm, listening actively, empathizing with the customer, finding a solution, and escalating to a higher authority if needed.

• Stay calm and composed during the escalation

• Listen actively to understand the customer's concerns

• Empathize with the customer to show understanding and build rapport

• Find a solution that meets the customer's needs and expectations

• Escalate to a higher authority if necessary for resolution

Derivatives are financial contracts that derive their value from an underlying asset or benchmark.

• Types of derivatives include options, futures, forwards, and swaps.

• Swaps can be interest rate swaps, credit default swaps, total return swaps, or currency swaps.

• IRS stands for interest rate swap, CDS stands for credit default swap, TRS stands for total return swap, and CYS stands for currency swap.

• Fixed income securities are debt securities that pay a fixed interest or dividend u...read more

Trade Life Cycle refers to the process of a trade from initiation to settlement, involving various steps and dates.

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

• Trade execution: Trade is executed on the agreed terms.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Actual exchange of securities and payment takes place.

• Trade reconciliation: Ensuring all details match between parties' records.

• Trade lifecycle dates can vary ...read more

Accrued income is revenue earned but not yet received. Journal entry includes debiting accrued income and crediting income account.

• Accrued income is revenue that has been earned but not yet received.

• It is recorded as a current asset on the balance sheet.

• Journal entry for accrued income involves debiting accrued income and crediting the income account.

• Example: A company provides services to a client in December but does not receive payment until January. The revenue earned in ...read more

NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.

• NAV is used to determine the price of a mutual fund or ETF.

• Formula: NAV = (Total assets - Total liabilities) / Number of shares outstanding

• For example, if a mutual fund has total assets of $100 million, total liabilities of $10 million, and 10 million shares outstanding, the NAV would be ($100M - $10M) / 10M = $9 per share.

SEBI stands for Securities and Exchange Board of India. It is the regulatory body for the securities market in India.

• SEBI regulates the securities market by overseeing the activities of stock exchanges, brokers, merchant bankers, and other intermediaries.

• It protects the interests of investors and promotes the development of the securities market.

• SEBI also regulates takeover of companies, insider trading, and fraudulent practices in the securities market.

• It formulates rules an...read more

Shares represent ownership in a company and entitle the shareholder to a portion of the company's profits and voting rights.

• Shares are units of ownership in a company

• Shareholders are entitled to dividends based on the company's profits

• Shareholders have voting rights in company decisions

• Shares can be bought and sold on stock exchanges

• Common types of shares include common stock and preferred stock

Reverse a linked list by changing the direction of pointers

• Start with three pointers: current, previous, and next

• Iterate through the list, updating pointers to reverse the direction

• Return the new head of the reversed list

The Fibonacci series is a sequence of numbers where each number is the sum of the two preceding ones.

• Start with two variables initialized to 0 and 1

• Loop through desired number of iterations, adding the previous two numbers to get the next number

• Print or store each number in the series

Golden Rules of Accounting are basic principles that guide the process of recording financial transactions.

• The three Golden Rules of Accounting are: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash from a customer, it will debit the cash account (what comes i...read more

Trade settlement is the process of transferring securities and funds between parties involved in a trade.

• Trade settlement involves the finalization of a trade by transferring securities from the seller to the buyer and funds from the buyer to the seller.

• It typically involves the clearing and settlement of trades through a central clearinghouse or directly between parties.

• Trade settlement ensures that all parties fulfill their obligations as per the terms of the trade agreemen...read more

Investment banking involves providing financial services to corporations, governments, and other institutions.

• Raising capital for clients through issuing stocks or bonds

• Mergers and acquisitions advisory services

• Providing strategic financial advice to clients

• Underwriting securities offerings

• Trading of securities for clients