Pre-Summer Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: validbest

Discussions
  1. Home
  2. ACI
  3. ACI-Financial
  4. 3I0-012
  5. ACI Dealing Certificate Questions and Answers

Pass the ACI-Financial 3I0-012 Questions and answers with ValidTests

Exam 3I0-012 All Questions
Exam 3I0-012 Premium Access

View all detail and faqs for the 3I0-012 exam

Go to Exam
Viewing page 4 out of 15 pages
Viewing questions 46-60 out of questions
Questions # 46:

A purchased 3X6 FRA should be reported in a gap report as

Options:

A.

a given deposit with a term of six months

B.

a taken deposit with a term of three months

C.

a given deposit with a term of three months and a taken deposit with a term of six months

D.

a taken deposit with a term of three months and a given deposit with a term of six months

Expert Solution
Questions # 47:

According the Model Code, a principal, whose name has been rejected, feeling that the broker may have actually quoted a price or rate that it could not in fact substantiate, may:

Options:

A.

deduct points from the broker or adjust the brokerage bill accordingly

B.

in some centres, ask either the central bank or some other neutral body to investigate and confidentially verify that there was support for the original price or rate

C.

in some centres, ask the local ACI to investigate and confidentially verify that there was support for the original price or rate

D.

insist that the broker discloses the name of the other counterparty

Expert Solution
Questions # 48:

From 2019 on the total capital requirement for banks under Basel III will be defined as:

Options:

A.

8% of RWA plus conservation buffer

B.

10.5% of RWA plus conservation buffer

C.

8% of RWA plus countercyclical buffer

D.

10.5% of RWA plus countercyclical buffer

Expert Solution
Questions # 49:

Using the following rates:

Spot GBP/CHF1.4235-55

Spot CHF/SEK6.8815-45

3M GBP/SEK swap 140/150

What is the price for 3-month outright GBP/SEK?

Options:

A.

9.8141-9.8246

B.

9.8108-9.8279

C.

9.8098-9.8289

D.

9.8151-9.8236

Expert Solution
Questions # 50:

How many Yen would you pay to buy 1 ounce of gold if you were quoted the following?

XAU/USD 1575.25-75

USD/JPY 96.55-60

Options:

A.

JPY 152,090

B.

JPY 152,139

C.

JPY 152,169

D.

JPY 152,217

Expert Solution
Questions # 51:

Under new Basel rules, what is the meaning of CVA?

Options:

A.

Credit Value Adaption

B.

Call Value Adaption

C.

Credit Value Adjustment

D.

Counterpart Value Adjustment

Expert Solution
Questions # 52:

The Model Code stipulates that you have a right to qualify your quotes in terms of amounts:

Options:

A.

if you do so when you make the price

B.

provided the amounts are marketable

C.

once you have discovered the name of the counterparty for credit reasons

D.

at anytime

Expert Solution
Questions # 53:

You are the buyer of a receiver’s swap. All other things being equal your counterparty risk is increasing if

Options:

A.

the swap curve is shifting downwards

B.

the swap curve is shifting upwards

C.

swaption volatilities are decreasing

D.

time to expiry is becoming shorter

Expert Solution
Questions # 54:

What is the day count/annual basis convention for JPY money market deposits?

Options:

A.

ACT/365

B.

ACT/360

C.

ACT/ACT

D.

30E/360

Expert Solution
Questions # 55:

Under Basel rules the risk weight for MA-rated claims on corporate in the standardized approach

Options:

A.

0%

B.

15%

C.

20%

D.

75%

Expert Solution
Questions # 56:

Which of the following risks are considered market risks?

Options:

A.

interest rate, currency, equity and commodity risk

B.

interest rate, currency, equity and default risk

C.

interest rate, equity, liquidity and default risk

D.

legal, reputation and regulatory risk

Expert Solution
Questions # 57:

If GBP/USD is quoted to you at 1.6120-30, how much GBP would you receive if you sold USD 2,000,000.00?

Options:

A.

1,239,925.60

B.

1,237,873.80

C.

1,240,694.79

D.

1,242,720.50

Expert Solution
Questions # 58:

An interest rate guarantee (IRG) is:

Options:

A.

AnFRA

B.

An option on an FRA

C.

A collar

D.

AnIRS

Expert Solution
Questions # 59:

Which of the following statements reflects the position of the Model Code on gambling or betting amongst market participants?

Options:

A.

Gambling and betting amongst market participants should be strongly discouraged.

B.

Gambling and betting amongst market participants may be permitted if management monitors it.

C.

Gambling and betting amongst market participants should be prohibited.

D.

Gambling and betting amongst market participants is only tolerated if it is previously reported to the CFP of the ACI.

Expert Solution
Questions # 60:

The Liquidity Coverage Ratio imposed by Basel III requires a bank:

Options:

A.

to keep enough highly liquid assets to cover its net liabilities for the next 10 days to guard against severe liquidity stress

B.

to keep enough highly liquid assets to cover its net liabilities for the next 30 days to guard against severe liquidity stress

C.

to keep enough highly liquid assets to cover its net liabilities for the next 60 days to guard against severe liquidity stress

D.

to retain enough liquidity to cover its assets against severe default risk

Expert Solution
Viewing page 4 out of 15 pages
Viewing questions 46-60 out of questions