1. Home
  2. ACI
  3. 3I0-012

ACI Dealing Certificate

Exam Details

  • Exam Code
    :3I0-012
  • Exam Name
    :ACI Dealing Certificate
  • Certification
    :ACI-Financial Markets Association
  • Vendor
    :ACI
  • Total Questions
    :740 Q&As
  • Last Updated
    :May 07, 2024

ACI ACI-Financial Markets Association 3I0-012 Questions & Answers

  • Question 31:

    You are quoted the following market rates:

    spot GBP/USD. 1.6530

    9M (272-day) GBP. 3.60%

    9M (272-day) USD. 1.95%

    What are the 9-month GBP/USD forward points?

    A. +206

    B. +197

    C. -195

    D. -204

  • Question 32:

    You are quoted the following market rates:

    spot EUR/GBP 0.6670 6M (182-day) EUR 2.35% 6M (182-day) GBP 375%

    What is 6-month EUR/GBP?

    A. 0.6675

    B. 0.6715

    C. 0.6717

    D. 0.6718

  • Question 33:

    You are quoted the following market rates:

    spot EUR/USD. 1.2250 3M (91-day) EUR 2.55% 3M (91-day) USD. 2.00%

    What is 3-month EUR/USD?

    A. 1.2232

    B. 1.2233

    C. 1.2234

    D. 1.2267

  • Question 34:

    What is the value date of a 6-month outright forward FX transaction dealt today, if todays spot date is Monday, 30th June? Assume there are no bank holidays.

    A. 27th December

    B. 30th December

    C. 31stDecember

    D. 1st January

  • Question 35:

    If you sell USD 3-month forward to a client against EUR, what should you do to hedge your position?

    A. Buy USD spot, and buy and sell a 3-month EUR/USD FX swap

    B. Sell EUR/USD in the spot market, borrow EUR for 3 months and lend USD for 3 months

    C. Sell a 3-month EUR/USD outright forward

    D. Any of the above

  • Question 36:

    A customer asks for a price in 3-month CHF/JPY. You quote 56/54. The customer deals at 54. What have you done?

    A. Bought CHF against JPY spot and sold JPY against CHF 3-month forward

    B. Sold CHF against JPY spot and bought CHF against JPY 3-month forward

    C. Bought CHF against JPY spot and sold CHF against JPY 3-month forward

    D. Bought JPY against CHF 3-month outright

  • Question 37:

    If a 6-month AUD/NZD swap is quoted 173/165, which of the following statements would you consider to be correct?

    A. 6-month AUD rates are higher than 6-month NZD rates

    B. 6-month AUD rates are lower than 6-month NZD rates

    C. Spot AUD/NZD will be higher by approximately 170 points in 6 months

    D. The AUD yield curve is positive, whilst the NZD curve is negative

  • Question 38:

    3-month USD/CHF is quoted at 112/110. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?

    A. unchanged

    B. 118/116

    C. 109/107

    D. 106/104

  • Question 39:

    Which of the following is issued by auction?

    A. Treasury bill

    B. CD

    C. BA

    D. USCP

  • Question 40:

    What type of institution is the typical issuer of bank bills?

    A. Credit institution

    B. lnvestment bank

    C. Corporate

    D. All of the above

Related Exams:

Tips on How to Prepare for the Exams

Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only ACI exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your 3I0-012 exam preparations and ACI certification application, do not hesitate to visit our Vcedump.com to find your solutions here.