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3I0-012
ACI Dealing Certificate Questions and Answers

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Viewing page 11 out of 15 pages

Viewing questions 151-165 out of questions

Questions # 151:

Today, you sold 10 December EURODOLLAR futures contracts at 99.50. The closing price is fixed by the exchange at 99.375. What variation margin will be due?

Options:

You will have to pay USD 312.50

You will receive USD 312.50

You will have to pay USD 3,125.00

You will receive USD 3,125.00

Answer

Questions # 152:

What is the Overnight Index for USD?

Options:

H-15 Index

Prime Rate

Overnight Fed funds

Fed funds effective rate

Answer

Questions # 153:

Under Basel rules, expected credit loss is a function of which of the following sets of parameters:

Options:

1 minus recovery rate, probability of default and exposure at default

exposure at origination, exposure at default and loss given default

loss given default, 1 minus recovery rate and exposure at default

exposure at origination, recovery rates and probability of default

Answer

Questions # 154:

The weighted average duration of liabilities can be increased by:

Options:

buying additional 30-year German Government bonds

selling futures contracts on 30-year German Government bonds

buying futures contracts on 10-year German Government bonds

exercising an early repayment option on a long-term senior borrowing

Answer

Questions # 155:

What is meant by “turn of the month”?

Options:

the last calendar day of the month

the last bank business day of the month

value last business day of the month against first business day of the next month

value first business day of the month against last business day of the same month

Answer

Questions # 156:

Which of the following are specifically quoted in terms of a yield-to-maturity?

Options:

US Treasury bill

Interbank deposit

USCP

Answer

Questions # 157:

If 6-month USD/CAD forward rates are quoted at 40/45, which of the following statements is correct?

Options:

USD rates are higher than CAD rates in the 6-month

CAD rates are higher than USD rates in the 6-month

There is a positive USD yield curve

There is not enough information to decide

Answer

Questions # 158:

What is the ISO code for the currency of China?

Options:

CHY

CNR

CHR

CNY

Answer

Questions # 159:

The spot/next repo rate for the 5% Bund 2018 is quoted to you at 1.75-80%. You sell bonds with a market value of EUR 5,798,692.00 through a sell/buy-back. The Repurchase Price is:

Options:

EUR 5,798,982

EUR 5,799,497

EUR 5,746,376

EUR 5,000,694

Answer

Questions # 160:

A US security yields 7% on an annually-compounded bond basis. What is the equivalent annually- compounded money market yield?

Options:

7.09%

7.03%

6.90%

6.95%

Answer

Questions # 161:

What is the ISO code for the currency of Hungary?

Options:

HUG

HKD

HRN

HUF

Answer

Questions # 162:

You have received a gift from a good friend who also happens to be your USD/YEN broker. Under such circumstances, the Model Code recommends that you should:

Options:

Always decline gifts.

Give the gift to charity.

Keepthe gift.

Report the gift to management.

Answer

Questions # 163:

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?