ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 181:

  You suspect that a colleague is guilty of embezzlement. What should you do?

  A. keep the information to yourself
  B. tell your supervisor
  C. tell your work-mates but not your supervisor
  D. talk to the colleague in question
  B. tell your supervisor

• Question 182:

  You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).

  A. You should make the payment in accordance with the SSI you are holding without referring to your dealer or contacting the counterparty
  B. You should make the payment in accordance with the trade instructions
  C. You should check the SSI with your dealer and contact the counterparty to seek his specific instructions
  D. You should not make the payment
  C. You should check the SSI with your dealer and contact the counterparty to seek his specific instructions

• Question 183:

  Who is responsible for producing the Model Code?

  A. the Federation of Bankers Associations
  B. the International Foreign Exchange Market Practices Committee
  C. the G7 Committee of Central Banks
  D. ACI - The Financial Markets Association
  D. ACI - The Financial Markets Association

• Question 184:

  In settling a money market placing between your dealer and a counterparty, what would be the financial consequences of a payment made one day late?

  A. the counterparty would cancel the deal
  B. the bilateral limit with the counterparty would have to be adjusted
  C. the counterparty would demand interest on the late payment
  D. there are no adverse financial consequences
  C. the counterparty would demand interest on the late payment

• Question 185:

  A dealer belongs to:

  A. the money laundering staff
  B. the middle office staff
  C. the front office staff
  D. the back office staff
  C. the front office staff

• Question 186:

  The interest rate below which the coupon for a FRN may not be fixed is called the:

  A. variable rate
  B. fixed rate
  C. floating rate
  D. minimum or floor rate
  D. minimum or floor rate

• Question 187:

  Herstatt Risk is also known as:

  A. settlement risk
  B. translation risk
  C. replacement risk
  D. operational risk
  A. settlement risk

• Question 188:

  A FRA is:

  A. an instrument for managing interest rate risk
  B. an instrument for managing credit rate risk
  C. an instrument that never impacts P/L
  D. the forward leg of an FX swap
  A. an instrument for managing interest rate risk

• Question 189:

  If the interest earned on a EUR deposit of 10,000,000.00 for 60 days is EUR 83,333. 33, what was the interest rate?

  A. 10.00%
  B. 5. 00%
  C. 8.33%
  D. 0.50%
  B. 5. 00%

• Question 190:

  When an over-the-counter broker executes an order for your bank, what information is required on the confirmation you are sent?

  A. the price of the security
  B. the price of the security; the role played by the broker
  C. the price of the security; the role played by the broker; and the commission, if any, that was charged
  D. The price of the security; the role played by the broker; the commission, if any, that was charged and the security that was bought or sold
  D. The price of the security; the role played by the broker; the commission, if any, that was charged and the security that was bought or sold