ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 111:

  What is a convertible security?

  A. a security the owner has the right to convert
  B. a security the issuer has the right to redeem
  C. a security the owner has the right to redeem
  D. a security the issuer has the right to convert
  A. a security the owner has the right to convert

• Question 112:

  Which of the following characterize "delivery against payment" also known as "delivery versus payment"?

  A. securities are first delivered and then the payment is processed
  B. the payment order is first blocked and then the payout of securities is processed
  C. securities are exchanged into a defined currency
  D. delivery is insured if and only if payment occurs
  D. delivery is insured if and only if payment occurs

• Question 113:

  A EUR based bank has a USD-convertible bond. What market risks are present?

  A. interest rate and currency risks
  B. interest rate, stock price and currency risks
  C. stock price and currency risks
  D. stock price risk
  B. interest rate, stock price and currency risks

• Question 114:

  Which department is responsible for deal settlement?

  A. the front office
  B. the back office (Operations)
  C. the IT department
  D. the middle office
  B. the back office (Operations)

• Question 115:

  Which SWIFT message type is a nostro cash reconciliation software package based on?

  A. SWIFT message type 300
  B. SWIFT message type 292
  C. SWIFT message type 571 (i.e. a statement of holdings)
  D. SWIFT message types 940 and 950 (i.e. a statement of account)
  D. SWIFT message types 940 and 950 (i.e. a statement of account)

• Question 116:

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

• Question 117:

  What is the primary role of the position-keeper in a dealing room?

  A. to keep the multilateral limits updated
  B. to invest funds at the highest available interest rate
  C. to keep the balance or position of the accounts or nostros in each currency representing the accounts held by the bank's agents
  D. to keep the management informed about interest rate developments
  C. to keep the balance or position of the accounts or nostros in each currency representing the accounts held by the bank's agents

• Question 118:

  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
  A. no special requirements need to be considered

• Question 119:

  If Bank A sells securities to Bank B, and at the same time and as part of the same transaction, commits to repurchase equivalent securities on a specified future date, Bank A has dealt:

  A. an asset swap
  B. a CFD (contract for difference)
  C. a repo
  D. a securities lending
  C. a repo

• Question 120:

  Your forward CHF dealer asks you, the junior settlements clerk, to amend revaluation rates for the forward CHF book before they are submitted to the risk management department for input. What should you do?

  A. amend the rates as requested
  B. refuse to amend the rates, but say nothing
  C. refuse and report the incident to your superior
  D. refuse and report the incident to your colleague
  C. refuse and report the incident to your superior