ACI - Operations Certificate - 3I0-010 Free Exam Questions

A. a dual swaption

B. a repurchase agreement

C. a FX swap

D. an interest rate swap

A. receive USD 12,163.81

B. pay USD 12,330.46

C. pay USD 12,163.81

D. receive USD 12,330.46

A. Thursday, 27 June

B. Friday, 28 June

C. Monday, 1 July

D. Saturday, 29 June

A. derivates are bought and sold only over the counter (OTC)

B. trades are executed in nominal amounts

C. the final settlement of a derivates trade can only be made by physical delivery

D. the accounting for derivative instruments is off balance sheet

A. stock price and currency risks

B. interest rate and currency risks

C. stock price risk

D. interest rate, stock price and currency risks

A. market risk, settlement risk and counterparty risk

B. settlement risk and counterparty risk

C. market risk and settlement risk

D. market risk, settlement risk and basis risk

A. LIBID

B. Base Rate

C. LIMEAN

D. LIBOR

A. to prevent that a failed order results in a failure to settle that day, which in turn would lead to an incompletely-reconciled account

B. to anticipate the fact that clearing houses stop processing in the afternoon, whereas payment orders may still be processed until 6 PM

C. to facilitate the handling of complex security transactions

D. in order to save data capacity in electronic archiving systems

A. on the trade date

B. on the start date of the FRA

C. daily in accruals

D. on the maturity date of the FRA

A. value one calendar day forward

B. value two calendar days forward

C. value two bank business days forward

D. value one bank business day forward

A. should always be fixed off the current spread in order not to be mistaken for a spot FX transaction

B. may be freely chosen by the quoting party as long as both parties agree on it

C. should be fixed immediately within the current spread, to reflect current rates at the time the transaction was made

D. must always be fixed immediately at the current mid rate, to reflect the rate at the time the deal was made

A. two business days after the trade

B. when the option is exercised

C. in monthly installments until the option is exercised

D. when the option transaction takes place, and it is repaid to the buyer when he exercises the option

A. The date the settlement occurs

B. The date confirmations are exchanged between counterparties

C. The date a trade is undertaken

D. The date the fixing rate is agreed upon

A. They are matched as soon as possible after receipt

B. They are forwarded to the deal capturer to check the completeness of the deal

C. They are scanned for money laundering activities and afterwards destroyed

D. They are archived after reception

A. the initial margin requirements at a futures exchange

B. the minimum price movement defined by the futures exchange

C. the maximum daily price change permissible on the futures exchange

D. a temporary suspension of trading at a futures exchange