SS&C TECHNOLOGIES Interview Questions and Answers

A subscription is a service where a customer pays a recurring fee to access a product or service.

• Subscription models are common in industries such as streaming services (Netflix, Spotify), software (Adobe Creative Cloud), and online publications (New York Times).

• Customers typically pay a monthly or annual fee to access the product or service.

• Subscriptions often offer benefits such as regular updates, exclusive content,...read more

Redemption is the act of being saved or rescued from sin, error, or evil.

• Redemption is often associated with religious beliefs and the idea of being forgiven for past wrongdoings.

• It can also refer to the act of making up for a mistake or wrongdoing by doing something good or virtuous.

• In some contexts, redemption can mean the act of paying off a debt or fulfilling a promise.

• Examples of redemption can be found in literat...read more

Transfer agency is a financial institution that manages the transfer of securities between investors.

• Transfer agencies handle the processing of transactions related to buying, selling, and transferring securities.

• They maintain records of ownership, issue statements to investors, and handle dividend payments.

• Examples of transfer agencies include Computershare, American Stock Transfer & Trust Company, and DST Systems...read more

Angular offers advantages such as two-way data binding, dependency injection, and modular architecture.

• Two-way data binding allows automatic synchronization of data between the model and the view, reducing the need for manual DOM manipulation.

• Dependency injection helps manage dependencies and promotes code reusability by allowing components to be easily injected with their dependencies.

• Modular architecture enables deve...read more

ngModel is a directive in AngularJS that binds the value of HTML controls to application data.

• ngModel is used for two-way data binding in AngularJS.

• It can be used with input, select, textarea, and custom form controls.

• Example:

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

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 ...read more

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 inte...read more

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 i...read more

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 ...read more

Issue of bonus shares typically leads to a decrease in market price and an increase in total portfolio value.

• Issuing bonus shares increases the number of shares outstanding without any change in the total market value of the company.

• This dilution of shares usually leads to a decrease in the market price per share.

• However, the total portfolio value remains the same as the investor now holds more shares, albeit at a lowe...read more

Amortisation is the allocation of the cost of intangible assets over their useful life, while Depreciation & Impairment is the allocation of the cost of tangible assets over their useful life or when their value decreases.

• Amortisation is for intangible assets, such as patents or copyrights, while Depreciation is for tangible assets, such as buildings or machinery.

• Amortisation is usually straight-line, while Depreciatio...read more

Examples of Oracle queries

• Use SELECT statement to retrieve data from a table

• Use WHERE clause to filter results based on a condition

• Use JOIN to combine rows from two or more tables based on a related column

Corporate actions refer to events initiated by a public company that impact its shareholders and securities.

• Dividends - distribution of profits to shareholders

• Stock splits - dividing existing shares into multiple shares

• Mergers and acquisitions - combining two companies into one

• Rights issues - offering existing shareholders the right to buy additional shares at a discounted price

• Bonus issues - issuing free additional sh...read more

Types of security include physical, network, application, and data security.

• Physical security involves measures like locks, security guards, and surveillance cameras to protect physical assets.

• Network security focuses on protecting the organization's network infrastructure from unauthorized access or attacks.

• Application security involves securing software applications from threats like malware, SQL injection, and cross...read more

Types of bonds include corporate bonds, government bonds, municipal bonds, and savings bonds.

• Corporate bonds are issued by corporations to raise capital.

• Government bonds are issued by governments to finance public projects.

• Municipal bonds are issued by local governments to fund infrastructure projects.

• Savings bonds are issued by the government and are considered low-risk investments.

Swaps are financial derivatives where two parties exchange cash flows or other financial instruments.

• Interest rate swaps involve exchanging fixed interest rate payments for floating rate payments.

• Currency swaps involve exchanging cash flows in different currencies.

• Commodity swaps involve exchanging cash flows based on the price of commodities.

• Credit default swaps involve transferring the credit risk of a bond or loan f...read more