Statestreet HCL Services Interview Questions and Answers

I would address team and process discrepancies by identifying root causes, implementing corrective actions, and communicating with oversight team for error resolution.

• Identify root causes of team and process discrepancies

• Implement corrective actions to address the discrepancies

• Communicate effectively with oversight team to resolve errors

• Provide training and support to team members to prevent future discrepancies

To set up new funds, you need to follow specific steps and procedures.

• Determine the purpose and goals of the fund

• Establish a legal structure for the fund (e.g. trust, foundation)

• Create a fund management plan including investment strategies

• Obtain necessary regulatory approvals

• Raise initial capital through donations or investments

• Set up a dedicated bank account for the fund

Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

• Derivatives can be used for hedging, speculation, or arbitrage

• Common types of derivatives include options, futures, forwards, and swaps

• Derivatives allow investors to take on leverage and potentially increase returns

• Derivatives are traded on exchanges or over-the-counter markets

Swap involves exchanging cash flows between two parties, while an option gives the holder the right but not the obligation to buy or sell an asset at a specified price.

• Swap involves exchanging cash flows between two parties based on predetermined terms and conditions.

• Options give the holder the right but not the obligation to buy or sell an asset at a specified price within a specified period.

• Swaps are typically used f...read more

A node is a device or data point in a network that can send, receive, or forward data.

• Nodes can be computers, servers, routers, switches, or any other network device.

• Nodes are connected to each other through links or connections.

• In a network diagram, nodes are represented by circles or boxes with labels.

• Examples of nodes include laptops, smartphones, printers, and network switches.

A link is a connection between two devices that allows them to communicate and share data.

• A link can be physical, such as an Ethernet cable connecting two computers.

• A link can also be virtual, such as a VPN connection over the internet.

• Links can be wired or wireless, depending on the technology used.

• Links are essential for networking and communication between devices.

A network is a collection of computers, servers, mainframes, network devices, and other devices connected to one another.

• A network allows devices to communicate with each other and share resources.

• Networks can be classified based on their size (LAN, WAN, MAN) or their connection method (wired or wireless).

• Examples of networks include the internet, intranets, and extranets.

A gateway of route is a device or software that connects different networks, allowing communication between them.

• A gateway of route acts as an entry and exit point for data packets traveling between networks

• It can perform tasks such as protocol translation, packet filtering, and routing

• Examples include routers, firewalls, and proxy servers

Types of network names include SSID, domain name, hostname, and workgroup name.

• SSID (Service Set Identifier)

• Domain name

• Hostname

• Workgroup name