ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 141:

  According to ISDA definitions, if an USD IRS payment is due value Saturday, 31 May and the documentation states that the "modified business day convention" will be used, what value date should be applied to the payment?

  A. Saturday, 31 May
  B. Tuesday, 3 June
  C. Monday, 2 June
  D. Friday, 30 May
  D. Friday, 30 May

• Question 142:

  When is the settlement amount of a FRA normally payable?

  A. at the beginning of the forward period
  B. on the trade date
  C. on the maturity (final) date
  D. at any time before the contract's maturity date
  A. at the beginning of the forward period

• Question 143:

  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%
  C. 0%

• Question 144:

  If today is Thursday, 12 December, what is the spot date for a EUR/USD transaction?

  A. 14 December
  B. 15 December
  C. 16 December
  D. 17 December
  C. 16 December

• Question 145:

  In the Euro deposit markets, what is spot?

  A. value one bank business day forward
  B. value two bank business days forward
  C. value one calendar day forward
  D. value two calendar days forward
  B. value two bank business days forward

• Question 146:

  In a scenario where long-term interest rates are higher than short-term interest rates, the yield curve would best be described as:

  A. flat
  B. negative or inverse
  C. positive
  D. neutral
  C. positive

• Question 147:

  Which of the following is a fundamental element or module in the "securities dealing and processing" part of a treasury system?

  A. the financial reporting standard
  B. brokerage accounting
  C. the custodian account reconciliation function
  D. the country limit overview
  C. the custodian account reconciliation function

• Question 148:

  Which of the following is a US payment system?

  A. CHAPS
  B. CHIPS
  C. BOJ
  D. CLS
  B. CHIPS

• Question 149:

  Why should the maturity profile of unreconciled items be frequently reviewed?

  A. It allows the compliance officer to see how often the reconciliation staff has claimed for an outstanding item
  B. It allows management to see what items are pending by value and counterparty, but also how long items have been outstanding and whether there is an improvement in the pace of reconciliations.
  C. It allows reconciliation staff to check the bilateral limits with counterparties and to adjust these limits as necessary
  D. because the most recent figures have to be published in the balance report
  B. It allows management to see what items are pending by value and counterparty, but also how long items have been outstanding and whether there is an improvement in the pace of reconciliations.

• Question 150:

  Which of the following statements best describes collateral?

  A. liquid assets pledged by one or both counterparties to the other to reduce credit risk
  B. deposits placed by a commercial bank with a central bank to fulfill reserve asset ratios
  C. any deposit placed by an institution with another institution of a lower credit rating
  D. any cross border payment of currency
  A. liquid assets pledged by one or both counterparties to the other to reduce credit risk