ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 111:

  You have prepared the following economic capital table for the next ALCO meeting:

  

  For which of the following risks should you consider actions?

  A. credit risk
  B. interest rate risk
  C. liquidity risk
  D. currency risk
  C. liquidity risk

• Question 112:

  What is the ISO code for the Lebanon pound?

  A. LEP
  B. LBD
  C. LBP
  D. LNP
  C. LBP

• Question 113:

  What is the maximum maturity of a London CD?

  A. One year
  B. 270 days
  C. 183 days
  D. 5years
  D. 5years

• Question 114:

  For which of the following might an MT370 be used?

  A. To confirm an FX transaction
  B. To advise the netting position of a currency in NDFS
  C. To advise changes in SSIs
  D. To confirm a MM transaction
  B. To advise the netting position of a currency in NDFS

• Question 115:

  An FRA is:

  A. A cash instrument
  B. An exchange traded derivative
  C. An interest rate derivative
  D. A balance sheet instrument
  C. An interest rate derivative

• Question 116:

  How would you compute the bid side of the forward/forward FX swap points?

  A. bid side of the near leg swap points minus offered side of the far leg swap points
  B. bid side of the far leg swap points minus offered side of the near leg swap points
  C. offered side of the far leg swap points minus bid side of the near leg swap points
  D. offered side of the near leg swap points minus bid side of the far leg swap points
  B. bid side of the far leg swap points minus offered side of the near leg swap points

• Question 117:

  Which of the following statements about "standard settlement instructions" (SSI) is correct?

  A. The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.
  B. SSIs should be stored and maintained in the bank's general static data system.
  C. Each institution should have a separate SSI team to prevent I minimise the potential risk of fraud.
  D. SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.
  C. Each institution should have a separate SSI team to prevent I minimise the potential risk of fraud.

• Question 118:

  You are quoted the following market rates:

  spot USD/SEK 6.3850

  1M (30-day) USD 0.40%

  1M (30-day) SEK 1.15%

  What is 1-month USD/SEK?

  A. 6.4250
  B. 6.3810
  C. 6.7850
  D. 6.3890
  D. 6.3890

• Question 119:

  Which of the following correctly states the Model Code's recommendations regarding electronic trading and broking?

  A. Liquidity providers should be cognizant of reputational risks when supplying liquidity for onward third party consumption.
  B. Market participants must not seek information as to the legal status of a potential counterparty before allocating credit or trading status.
  C. Transactions should be handled in accordance with the regulator's dealing rule book.
  D. Access to systems internally and at the client interface must be strictly controlled by the dealers.
  A. Liquidity providers should be cognizant of reputational risks when supplying liquidity for onward third party consumption.

• Question 120:

  Under new Basel rules, what is the meaning of CVA?

  A. Credit Value Adaption
  B. Call Value Adaption
  C. Credit Value Adjustment
  D. Counterpart Value Adjustment
  C. Credit Value Adjustment