ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 191:

  Confirmation is a function that can be performed by:

  A. any dealer as long as he/she is not a party to the trade
  B. back-office staff
  C. dealing room staff who is not currently dealing
  D. any staff outside the dealing room
  B. back-office staff

• Question 192:

  In error, your dealer enters a trade whereby he buys GBP 8,000,000.00 against USD at 1.6500, but manages to cover it at the same rate. When the mistaken trade is cancelled, however, the rate has since changed to 1.6200. What is the effect on PandL?

  A. Profit USD 240,000.00
  B. Loss USD 240,000.00
  C. Loss GBP 240,000.00
  D. Profit GBP 240,000.00
  A. Profit USD 240,000.00

• Question 193:

  You have 10 credited amounts of 1 million each with same value date and same currency. Which of the following items is most helpful in reconciling these amounts?

  A. When the deal was processed is a good indication of the amounts to be reconciled
  B. Each deal is registered according to a unique reference which helps in reconciling the items
  C. The BIC-address helps you to reconcile the open items
  D. None of the above. You should telephone your counterparties to request more information
  B. Each deal is registered according to a unique reference which helps in reconciling the items

• Question 194:

  Which of the following trades involves replacement risk?

  A. the purchase of shares through Deutsche-Brse-Clearing (payment against delivery)
  B. the purchase of an OTC call option
  C. the taking of call money
  D. a long position in Bund futures
  B. the purchase of an OTC call option

• Question 195:

  How is a call money market transaction generally confirmed?

  A. by telephone between the traders
  B. by a SWIFT message MT 320
  C. by a SWIFT message MT 330
  D. by a SWIFT message MT 300
  C. by a SWIFT message MT 330

• Question 196:

  In the bond market, which of the following is true about the settlement amount?

  A. The settlement amount is the sum of the redemption value plus all coupons paid by the issuer.
  B. If the yield and the coupon are exactly the same, the settlement amount and the face value will be identical.
  C. The settlement amount is always calculated using the redemption price.
  D. On a coupon date, if the bond quotes at par, the settlement amount and the face value will be identical.
  D. On a coupon date, if the bond quotes at par, the settlement amount and the face value will be identical.

• Question 197:

  What does ISDA stand for?

  A. International Swaps and Derivatives Association
  B. Integrated System Data Association
  C. International Swap Derivatives Agreement
  D. Informative Software for Dealing Activities
  A. International Swaps and Derivatives Association

• Question 198:

  What is the inter-linking mechanism that connects the domestic real-time gross settlement (RTGS) payments systems in EU member states?

  A. CHAPS
  B. TARGET
  C. EAF
  D. FX-NET
  B. TARGET

• Question 199:

  What does "arrange good value payment" mean?

  A. to cancel an initial payment order and to process a new one with a higher amount
  B. to suspend a payment order until the balance becomes positive again
  C. to adjust the amount of fees to be paid
  D. to change the value date of a payment order
  D. to change the value date of a payment order

• Question 200:

  What does FSA stand for?

  A. Fiscal Standards Authority
  B. Financial Supervisory Association
  C. Financial Services Authority
  D. Financial Securities Association
  C. Financial Services Authority