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ACI - Operations Certificate

Exam Details

  • Exam Code
    :3I0-010
  • Exam Name
    :ACI - Operations Certificate
  • Certification
    :ACI-Financial Markets Association
  • Vendor
    :ACI
  • Total Questions
    :342 Q&As
  • Last Updated
    :May 15, 2024

ACI ACI-Financial Markets Association 3I0-010 Questions & Answers

  • Question 41:

    What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?

    A. Repo rate 1%

    B. EONIA 0.25%

    C. 0%

    D. EONIA 1%

  • Question 42:

    What are the value dates of a tom next money market trade dealt Friday, 13 August?

    A. 13 August 16 August

    B. 16 August 17 August

    C. 17 August 18 August

    D. 13 August 17 August

  • Question 43:

    Which is the most accurate definition of Euro Commercial Paper - "Short-term promissory notes issued in bearer form with a maturity of"

    A. > 30 days < 360 days

    B. > 360 days < 5 years

    C. > 180 days < 365 days

    D. > 1 day < 365 days

  • Question 44:

    How is a call money market transaction generally confirmed?

    A. by telephone between the traders

    B. by a SWIFT message MT 320

    C. by a SWIFT message MT 330

    D. by a SWIFT message MT 300

  • Question 45:

    Which of the following are considered money market, cash or derivative instruments?

    A. currency futures

    B. forward FXs

    C. currency options

    D. forward rate agreements (FRA)

  • Question 46:

    If you apply a margin of 50 basis points to an interbank offered rate of 4 1/8%, what is the customer rate?

    A. 3 5/8%

    B. 4.62%

    C. 4 5/8%

    D. 4 3/8%

  • Question 47:

    Which of the following are products used in bank liquidity management?

    A. money market taking and placing, sale and repurchase agreements (repos)

    B. currency options and currency futures

    C. spot FX transactions

    D. caps, floors, collars, and interest rate futures

  • Question 48:

    If today's spot date were Monday, 1 March, what would be the maturity of a 1-month CHF interbank deposit, assuming that there are no intervening bank holidays?

    A. Tuesday, 30 March

    B. Wednesday, 31 March

    C. Thursday, 1 April

    D. Friday, 2 April

  • Question 49:

    A dealer, seeking to refinance a money market short position in USD, could choose to:

    A. sell EUR/USD or GBP/USD spot

    B. deal Reverse Repos (Reverse Sale and Repurchase Agreements)

    C. place USD in tom next

    D. deal Repos (Sale and Repurchase Agreements)

  • Question 50:

    A "turn of the month" deposit would be a transaction:

    A. value first business day of a month against last business day of the same month

    B. value last business day of a month against first business day of the next month

    C. value last business day of a month against last business day of the following month

    D. value first business day of a month against first business day of the following month

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