FCI第阶段考题.doc

Question 1 The IF was due to make a PUG of EUR 10,000 on the 1 October but was prevented from doing so by an exchange control restriction. This was imposed on the 1 August and lifted on 30 November. What is the total amount that the IF must pay under guarantee on 1 December. (LIBOR = 4%; lowest EF borrowing rate = 6%. I month = 30 days and 1 year = 360 days) EUR 10,067 EUR 10,100 EUR 10,133 EUR 10,200 Question 2 When asking for credit cover, the EF must advise the IF whether direct contact with the buyer is allowed. Why is it important to allow the IF to contact the buyer at this stage? For the IF to agree with the buyer how payments will be made. For the IF to obtain the information he needs to make his credit cover decision. For IF to deliver the factoring agreement terms to the buyer. All of the above. Question 3 Regarding the use of , which of the following should be part of your internal security arrangements? (This question has more than one correct option) Appoint a system administrator who is fully familiar with all system functions and internet usage. Authorise individual users to access only selective functions relating to their job. Set up user accounts for all staff in your company. Establish internal control procedures for the use of . Question 4 Once an EF has assigned an A/R by , in order to facilitate the subsequent collection of A/R, the IF has the right to request the EF to provide which of the following documents? (This question has more than one correct option) Proof of delivery. Proof of Shipment. Exact copy of the original invoice. The Export Factoring Agreement. Question5 A seller has annual sales of EUR 300,000 to buyer A. Payment terms are 60 days nett after invoice date. There is no seasonality to their sales. What credit cover amount should the EF apply to the IF for? EUR 50,000. EUR 100,000. EUR 75,000. EUR 60,000. Question6：Which of the following statements are correct? i) The EF (a