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NEW QUESTION: 1
An investor enters into a 5-year total return swap with Bank A, with the investor paying a fixed rate of 6% annually on a notional value of $100m to the bank and receiving the returns of the S&P500 index with an identical notional value. The swap is reset monthly, ie the payments are exchanged monthly. On Jan 1 of the fourth year, after settling the last month's payments, the bank enters bankruptcy. What is the legal claim that the hedge fund has against the bank in the bankruptcy court?
A. The replacement value of the swap
B. $0, as all payments on the swap are current
C. $100m
D. $6m
Answer: A
Explanation:
Explanation
According to ISDA standard definitions, the legal claim for OTC derivatives is the current replacement value of the contract. Therefore Choice 'c' is the correct answer. None of the other choices are correct.

NEW QUESTION: 2
Which of the following buffers protects the target finish date from slippage along the critical chain?
A. Critical buffer
B. Project buffer
C. Feeding buffer
D. Duration buffer
Answer: B
Explanation:
Explanation/Reference:
Explanation:
6.6.2.3 Critical Chain Method
The critical chain method (CCM) is a schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties. It is developed from the critical path method approach and considers the effects of resource allocation, resource optimization, resource leveling, and activity duration uncertainty on the critical path determined using the critical path method. To do so, the critical chain method introduces the concept of buffers and buffer management. The critical chain method uses activities with durations that do not include safety margins, logical relationships, and resource availability with statistically determined buffers composed of the aggregated safety margins of activities at specified points on the project schedule path to account for limited resources and project uncertainties. The resource-constrained critical path is known as the critical chain.
The critical chain method adds duration buffers that are non-work schedule activities to manage uncertainty.
One buffer, placed at the end of the critical chain, as shown in Figure 6-19, is known as the project buffer and protects the target finish date from slippage along the critical chain. Additional buffers, known as feeding buffers, are placed at each point where a chain of dependent activities that are not on the critical chain feeds into the critical chain. Feeding buffers thus protect the critical chain from slippage along the feeding chains. The size of each buffer should account for the uncertainty in the duration of the chain of dependent activities leading up to that buffer. Once the buffer schedule activities are determined, the planned activities are scheduled to their latest possible planned start and finish dates. Consequently, instead of managing the total float of network paths, the critical chain method focuses on managing the remaining buffer durations against the remaining durations of chains of activities.

Figure 6-19. Example of Critical Chain Method

NEW QUESTION: 3

A. 192.168.4.132
B. 192.168.4.61
C. 192.168.4.67
D. 192.168.4.63
E. 192.168.4.128
F. 192.168.4.125
Answer: C,F
Explanation:
Explanation
Increment: 64 (/26 = 11111111.11111111.11111111.1
The IP 192.168.4.0 belongs to class C.
The default subnet mask of class C is /24 and it has been subnetted with a /26 mask so we have 2(26-24) = 22 = 4 sub-networks:
1st subnet: 192.168.4.0 (to 192.168.4.63)
2nd subnet: 192.168.4.64 (to 192.168.4.127)
3rd subnet: 192.168.4.128 (to 192.168.4.191)
4th subnet: 192.168.4.192 (to 192.168.4.225)
In all the answers above, only answer C and D are in the same subnet.
Therefore only IPs in this range can be assigned to hosts.