Senior Reconciliation Specialist
Senior Reconciliation Specialist Interview Questions and Answers
Q1. What is the meaning of long call short call long put shot put
Long call, short call, long put, and short put are options trading strategies involving buying or selling options contracts.
Long call: Buying a call option with the expectation that the underlying asset will increase in value.
Short call: Selling a call option with the expectation that the underlying asset will decrease in value.
Long put: Buying a put option with the expectation that the underlying asset will decrease in value.
Short put: Selling a put option with the expectati...read more
Q2. What is the meaning of initial margin and variation margin
Initial margin is the collateral required to open a position, while variation margin is the daily settlement of gains and losses.
Initial margin is the amount of collateral required to open a position in a financial transaction.
Variation margin is the daily settlement of gains and losses to ensure that the account maintains the required margin level.
Initial margin helps protect against potential losses, while variation margin ensures that losses are covered in real-time.
Exampl...read more
Q3. What is the meaning of bond, equity and fix income
Bonds are debt securities issued by corporations or governments, equity represents ownership in a company, and fixed income refers to investments with a set interest rate.
Bonds are loans made by investors to corporations or governments, who pay interest on the loan until it matures.
Equity represents ownership in a company, giving shareholders voting rights and a share of profits.
Fixed income investments have a set interest rate, such as bonds or certificates of deposit.
Bonds ...read more
Q4. What is the meaning of reconciliation
Reconciliation is the process of ensuring two sets of records are in agreement and any discrepancies are resolved.
Reconciliation involves comparing financial records to ensure they match up
It is important for identifying errors or fraud
Examples include reconciling bank statements with accounting records
Q5. Difference between the features and option
Features are inherent characteristics of a product or service, while options are additional choices or variations within those features.
Features are essential components of a product or service that define its core functionality.
Options are additional choices or variations within those features that allow for customization or personalization.
For example, a car's feature may be its engine size, while the options within that feature could be different trim levels or color choic...read more
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