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NEW QUESTION: 1
Basis risk between spot and futures prices for stock indices is caused by changes in:
I. The risk free rate, or the funding cost for the futures
II. Expected dividend yield
III. Volatility of the underlying stock index
A. I and II
B. I and III
C. I, II and III
D. II and III
Answer: A
Explanation:
Explanation
Basis risk between spot and futures prices is the risk that the prices of the futures contract will not move in lockstep with the spot prices. Basis risk creates a problem when investors are trying to get exposure to a stock price through a futures contract, or are trying to hedge a position using a futures contract, and over time the prices of these two diverge.
To understand why basis risk arises, we need to think about how futures prices are determined. Futures prices are nothing but the spot prices plus the carrying cost, ie what it would cost for the seller of the contract to buy the spot security and hold it till the time of delivery in the future. During this holing period, the seller of the contract has to pay interest to fund his purchase in the spot market, and also receives and distributions such as dividends. In the case of commodity futures, he may also have to pay storage charges. When determining the futures prices, it is not known with complete certainty as to what the carrying costs will ultimately turn out to be - interest rates may change, dividends may turn out to be more or less, leading to changes in the futures prices without changes in the spot prices. This gives rise to basis risk.
Therefore changes to the risk free rate, which is a proxy for the true funding cost of the futures position and changes in expected dividends creates basis risk. Volatility of the underlying is irrelevant for futures.
Therefore Choice 'b' is the correct answer.
NEW QUESTION: 2
A customer has an application that is being identified as unknown-top for one of their custom PostgreSQL database connections. Which two configuration options can be used to correctly categorize their custom database application? (Choose two.)
A. Security policy to identify the custom application.
B. Application Override policy.
C. Custom application.
D. Custom Service object.
Answer: B,C
Explanation:
Explanation
Unlike the App-ID engine, which inspects application packet contents for unique signature elements, the Application Override policy's matching conditions are limited to header-based data only. Traffic matched by an Application Override policy is identified by the App-ID entered in the Application entry box.Choices are limited to applications currently in the A Because this traffic bypasses all Layer 7 inspection, the resulting security is that of a Layer-4 firewall. Thus, this traffic should be trusted without the need for Content-ID inspection. The resulting application assignment can be used in other firewall functions such as Security policy and QoS.Use CasesThree primary uses cases for Application Override Policy are:
To identify "Unknown" App-IDs with a different or custom application signature To re-identify an existing application signature To bypass the Signature Match Engine (within the SP3 architecture) to improve processing timesA discussion of typical uses of application override and specific implementation examples is here:
https://live.paloaltonetworks.com/t5/Learning-Articles/Tips-amp-Tricks-How-to-Create-an-Application- O
NEW QUESTION: 3
トランスポート層セキュリティ（TLS）を使用するデジタル証明書は、次のうちどれをサポートしますか？
A. 非レピュテーションコントロールとデータ暗号化
B. 情報入力の検証
C. サーバーの識別とデータの機密性
D. 多要素認証（MFA）
Answer: C
NEW QUESTION: 4
AWSでは、お客様の責任はどのセキュリティ面にありますか？ 4つの答えを選んでください
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C. 計算リソースへの物理アクセスの制御
D. EBS（Elastic Block Storage）ボリュームの暗号化
E. ストレージデバイスの使用停止
F. EC2インスタンスのオペレーティングシステムでのパッチ管理
Answer: A,B,D,F
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