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ACI Dealing Certificate

Exam Details

  • Exam Code
    :3I0-012
  • Exam Name
    :ACI Dealing Certificate
  • Certification
    :ACI Certifications
  • Vendor
    :ACI
  • Total Questions
    :740 Q&As
  • Last Updated
    :Jun 17, 2025

ACI ACI Certifications 3I0-012 Questions & Answers

  • Question 191:

    Which type of repo is the least risky for the buyer?

    A. Delivery repo

    B. HlC repo

    C. Tri-party repo

    D. There is no real difference

  • Question 192:

    The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75-80%. As collateral, you are offered EUR25 million nominal of the 5.5% OAT April 2006, which is worth EUR 28,137,500. If you impose an initial margin of 1%, the Repurchase Price is:

    A. EUR 27,947,276.43

    B. EUR 27,946,077.08

    C. EUR 27,950,071.43

    D. EUR 27,948,871.97

  • Question 193:

    How many USD would you have to invest at 3.5% to be repaid USD125 million (principal plus interest) in 30 days?

    A. USD 124,641,442.43

    B. USD 124,636,476.94

    C. USD 124,635,416.67

    D. USD 123,915,737.30

  • Question 194:

    What is the day count/annual basis convention for euroyen deposits?

    A. Actual/365

    B. Actual/360

    C. Actual/actual

    D. 30E/360

  • Question 195:

    Which of the following are transferable instruments?

    A. Eurocertificate of deposit

    B. US Treasury bill

    C. CP

    D. All of the above

  • Question 196:

    An option granted by the seller that gives the buyer the right to enter into an underlying interest rate swap transaction is ca lied:

    A. a swap

    B. a cap

    C. a swaption

    D. a collar

  • Question 197:

    What rate should be used if the settlement date in a foreign exchange transaction is no longer a "good" date?

    A. The original rate of the transaction

    B. The original rate of the transaction adjusted by the relevant forward points

    C. The affected parties should agree to adjust the exchange rate according to the prevailing relevant forward mid swap points at the time the bank holiday is announced

    D. The rate is open to negotiation by the two parties

  • Question 198:

    Which of the following statements is false? The repo legal agreement between the two parties concerned should:

    A. enable the parties to comply with any capital adequacy requirements

    B. provide for the absolute transfer of title to securities

    C. provide for the calculation of initial consideration of the repo transaction

    D. detail the course of action in the case of defaults, for example the rights and obligations of the counterparties and the full set-off of claims between the parties

  • Question 199:

    Under Basel rules, what is the meaning of IRB?

    A. Internal Risk Based

    B. Internal Ratings Based

    C. Intrinsic Risk Based

    D. Internal Rule Based

  • Question 200:

    Which position below is NOT a component of common equity Tier 1 capital?

    A. innovative hybrid capital instruments with incentives to redeem

    B. common shares issued by bank

    C. retained earnings

    D. stock surplus (share premium)

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