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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 481:

    An interest rate guarantee (IRG) is:

    A. AnFRA

    B. An option on an FRA

    C. A collar

    D. AnIRS

  • Question 482:

    How would you delta hedge a deeply "in-the-money" short put option?

    A. Go short of the underlying commodity equal to 50% of the size of the option contract

    B. Go long of the underlying commodity equal to 50% of the size of the option contract

    C. Go long of the underlying commodity equal to more than 50% of the full size of the option contract

    D. Go short of the underlying commodity equal to more than 5O% of the full size of the option contract

  • Question 483:

    An FRA is:

    A. A cash instrument

    B. An exchange traded derivative

    C. An interest rate derivative

    D. A balance sheet instrument

  • Question 484:

    You are paying 1,00% per annum paid semi-annually and receiving 6-month LIBOR on a USD 10,000,000.00 interest rate swap with exactly two years to maturity. 6-month LIBOR for the next payment date is fixed today at 0.95%. How would you hedge the swap using FRAs?

    How to hedge an IRS with a strip of FRAs?

    A. buy a strip of 0x6, 6x12, 12x18 and 18x24 FRAs

    B. sell a strip of 0x6, 6x12, 12x18 and 18x24 FRAs

    C. buy a strip of 6x12, 12x18 and 18x24 FRAs

    D. sell a strip of 6x12, 12x18 and 18x24 FRAs

  • Question 485:

    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?

    A. 9.8141-9.8246

    B. 9.8108-9.8279

    C. 9.8098-9.8289

    D. 9.8151-9.8236

  • Question 486:

    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?

    A. 1,239,925.60

    B. 1,237,873.80

    C. 1,240,694.79

    D. 1,242,720.50

  • Question 487:

    Today is Monday, 8th December. You sell a 9x12 USD FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?

    A. 8th September next year

    B. 10th September next year

    C. 8thDecembernextyear

    D. December next year

  • Question 488:

    Your GBP/CHF rate is 1.3710-15. How many GBP would your customer have to give you to buy CHF 10,000,000.00?

    A. 7,291,286.91

    B. 7,293,946.02

    C. 13,710,000.00

    D. 13,715,000.00

  • Question 489:

    USD/CHF is quoted to you at 0.9290-93 and GBP/USD at 1.5320-30. At what rate could you buy GBP and sell CHF?

    A. 1.4242

    B. 1.4232

    C. 1.4246

    D. 1.4237

  • Question 490:

    What is the result of combining a 1-month buy and sell FX swap with a 2-month sell and buy FX swap?

    A. a 1x2 FRA short position

    B. a 1- against 2-month buy and sell forward/forward FX swap

    C. a 1- against 2-month sell and buy forward/forward FX swap

    D. a 1- against 2-month forward/forward long position

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