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ACI Operations Certificate

Exam Details

  • Exam Code
    :3I0-010
  • Exam Name
    :ACI Operations Certificate
  • Certification
    :ACI Certifications
  • Vendor
    :ACI
  • Total Questions
    :342 Q&As
  • Last Updated
    :Jun 09, 2025

ACI ACI Certifications 3I0-010 Questions & Answers

  • Question 291:

    The owner of a convertible bond

    A. has the obligation to convert his bond

    B. has the right to convert his bond

    C. must wait for the decision of the issuer if he wants to convert his bond

    D. has the obligation to convert the coupon into a variable or a fixed rate

  • Question 292:

    Which one of the following bonds uses variable rates?

    A. bond warrants

    B. reverse convertibles

    C. zero coupons

    D. FRN Minima's

  • Question 293:

    In the bond market, which of the following is true about the settlement amount?

    A. The settlement amount is the sum of the redemption value plus all coupons paid by the issuer.

    B. If the yield and the coupon are exactly the same, the settlement amount and the face value will be identical.

    C. The settlement amount is always calculated using the redemption price.

    D. On a coupon date, if the bond quotes at par, the settlement amount and the face value will be identical.

  • Question 294:

    A "basis point", expressed as a percentage, is:

    A. 1%

    B. 0.01%

    C. 0.001%

    D. 0.0001%

  • Question 295:

    What is the deadline for settling interbank spot-deals in EUR via the TARGET system?

    A. 10:00 CET

    B. 18:00 CET

    C. 12:00 CET

    D. 15:00 CET

  • Question 296:

    Which clearing system allows a transfer to be settled with immediate finality?

    A. EAF

    B. EBA

    C. RTGS

    D. SWIFT

  • Question 297:

    Which of the following factors must be considered when making interbank EUR payments in RTGS systems between 17:00 CET and 18:00 CET with same day value?

    A. no special requirements need to be considered

    B. the receiver has to approve the transfer

    C. interest has to be paid to the receiver

    D. the receiver is required to accept the payment amount

  • Question 298:

    How is the price of an interest rate swap (IRS) expressed?

    A. as an exchange rate

    B. as a cash flow

    C. as a margin added to the floating rate

    D. as an interest rate expressed in percentage terms

  • Question 299:

    The abbreviation "FRN" stands for:

    A. fixed rate notional

    B. forward rate note

    C. fixed rate note

    D. floating rate note

  • Question 300:

    The price of a zero coupon, maturing in 2 years, is

    A. always close to 100%

    B. above 100%

    C. below 100%

    D. none of the above

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