ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 491:

  What is the value date of a 6-month outright forward FX transaction dealt today, if today's spot date is Monday, 30th June? Assume there are no bank holidays.

  A. 27th December
  B. 30th December
  C. 31st December
  D. 1st January
  C. 31st December

• Question 492:

  The gamma of an option is:

  A. The sensitivity of the option value to changes in volatility
  B. The sensitivity of the option value to changes in the time to expiry
  C. The sensitivity of the delta to changes in the value of the underlying
  D. The sensitivity of the option value to changes in the price of the underlying
  C. The sensitivity of the delta to changes in the value of the underlying

• Question 493:

  Where dealing for personal account is allowed, what safeguards to prevent abuse or insider dealing are stated by the Model Code?

  A. The need to maintain confidentiality with respect to non-public price sensitive information
  B. The maximum amounts or sizes of trades dealers are allowed to trade for their own account
  C. The instruments/products dealers can trade for their own account
  D. The pledge that no action is taken by employees that might adversely affect the interests of clients or counterparties
  B. The maximum amounts or sizes of trades dealers are allowed to trade for their own account

• Question 494:

  Which of the following would not constitute an event of market isruption under the Model Code?

  A. The imposition of capital controls.
  B. A major terrorist attack on a financial centre.
  C. The failure of SWIFT.
  D. Concerted cestal bank intervention.
  D. Concerted cestal bank intervention.

• Question 495:

  The maturity of a straight 3-months deposit falls on Saturday, which happens to be the last day of the month. What is the actual deposit maturity date?

  A. The following Monday
  B. Saturday
  C. Sunday
  D. The previous Friday
  D. The previous Friday

• Question 496:

  Claims should be communicated in writing via e-mail or preferably by authenticated SWIFT. What information should be provided in the claim?

  A. the details of the transaction involved, the number of days the payment was delayed and the resulting cost
  B. the details of the transaction involved, the number of days the payment was delayed and the cost, together with Central Bank rate to be applied
  C. the details of the transaction involved, the number of days the payment was delayed and the cost, together with reference rates to be applied
  D. the details of the transaction involved, the number of days the payment was delayed and the cost, together with the calculation methodology being claimed
  D. the details of the transaction involved, the number of days the payment was delayed and the cost, together with the calculation methodology being claimed

• Question 497:

  You buy a 181-day 2.75% CD with a face value of USD 1,500,000 at par when it is issued. You sell it in the secondary market after 150 days at 2.60%. What is your holding period yield?

  A. 2.60%
  B. 2.75%
  C. 2.775%
  D. 2.813%
  C. 2.775%

• Question 498:

  When is your settlement risk greatest on a spot FX deal?

  A. Today
  B. Tomorrow
  C. After you make an irrevocable payment
  D. On the spot value date
  C. After you make an irrevocable payment

• Question 499:

  An Overnight Indexed Swap (OIS) is:

  A. A fixed-floating money market swap in which the floating rate is an overnight index fixed periodically over the term of the swap
  B. A fixed-floating money market swap in which the floating rate is the mean of the overnight index over the term of the swap
  C. A fixed-floating money market swap in which the floating rate is an overnight index compounded daily
  D. A floating-for-floating rate swap in different currencies in which both floating rates are overnight indexes compounded daily
  C. A fixed-floating money market swap in which the floating rate is an overnight index compounded daily

• Question 500:

  You have a short position of 50 EURODOLLAR futures contracts. You can hedge your position by:

  A. Selling a FRA for a similar notional amount
  B. Buying a FRA for a similar notional amount
  C. Selling a call option on the contract
  D. Selling a put option on the contract
  A. Selling a FRA for a similar notional amount