ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 631:

  Once a prime-broker has matched and accepted a trade, separate confirmations must be exchanged between:

  A. the prime-broker and the executing dealer only
  B. the prime-broker and the executing dealer, and between the executing dealer and the client
  C. the prime-broker and the executing dealer, and between the prime-broker and the client
  D. the prime-broker and the client, and between the executing dealer and the client
  C. the prime-broker and the executing dealer, and between the prime-broker and the client

• Question 632:

  Which of the following dealing strategies involves the placing of orders with very short quote lives into a market?

  A. frequency trading
  B. high-incidence trading
  C. flash trading
  D. liquidity aggregators
  C. flash trading

• Question 633:

  Dealers are allowed to trade for their own account if:

  A. The dealers have good track records in their dealing both for the institution and for themselves.
  B. There has been no previous conflicts of interest in the dealing room.
  C. There is a clearly laFd down policy.
  D. The dealers see no conflict of Interest in such dealing.
  C. There is a clearly laFd down policy.

• Question 634:

  From the following AUD rates:

  3M AUD (91-day) deposits 2.35% 3x6 AUD (90-day) FRA 2.55% Calculate the 6-month implied cash rate.

  A. 2.37%
  B. 2.46%
  C. 2.55%
  D. 4.90%
  B. 2.46%

• Question 635:

  When can a broker consider a deal to be done?

  A. if he is confident that the dealer will not back out of the deal
  B. if both parties to the deal have established credit lines for each other
  C. if one party to the deal acknowledges interest
  D. if he receives acknowledgement from both the dealers involved
  D. if he receives acknowledgement from both the dealers involved

• Question 636:

  A euro zone-based bank that is asset-sensitive to market interest rate changes might reduce interest rate risk by:

  A. entering into a pay fixed I receive variable standard interest rate swap
  B. entering into a receive fixed I pay variable standard interest rate swap
  C. entering into a pay fixed / receive variable amortizing interest rate swap
  D. entering into a GBP/USD FX swap
  B. entering into a receive fixed I pay variable standard interest rate swap

• Question 637:

  What is the Overnight Index for USD?

  A. H-15 Index
  B. Prime Rate
  C. Overnight Fed funds
  D. Fed funds effective rate
  D. Fed funds effective rate

• Question 638:

  What is the expression used to describe a genuine error (wrong amount, wrong side, wrong rate) made by a dealer in the execution of an order on an electronic platform?

  A. mis-stroke
  B. slip-bid
  C. mis-hit
  D. broken trade
  C. mis-hit

• Question 639:

  Where the Committee for Professionalism of the ACI has been notified of a breach of the letter or spirit of the Model Code, it

  A. Will examine the complaint.
  B. May consult with the local ACI.
  C. Will bring the matter to the attention of the local regulator.
  D. None of the above.
  A. Will examine the complaint.

• Question 640:

  If making a claim in respect of "use of funds", payments should be settled within how many days?

  A. 15
  B. 20
  C. 35
  D. 40
  C. 35