ACI Operations Certificate challenging (3I0-013) Practice Test

Questions # 111:

Herstatt Risk is also known as:

Options:

Settlement risk

Translation risk

Replacement risk

Operational risk

Questions # 112:

In using futures contracts there is:

Options:

Only market risk

Only credit risk

Market risk and credit risk

Market risk, credit risk and delivery risk

Questions # 113:

A collateral pool can be defined as:

Options:

Assets lent by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Liabilities owned by members of a payments system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Assets owned by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Assets swapped by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Questions # 114:

A non deliverable forward (NDF) is a:

Options:

Cash-settled currency forward between two counterparties

Exchange-traded, cash-settled currency forward

Over-the-counter, cash-settled spot FX

Principal-settled currency forward between two counterparties

Questions # 115:

If Bank A sells securities to Bank B, and at the same time and as part of the same transaction, commits to repurchase equivalent securities on a specified future date, Bank A has dealt:

Options:

An asset swap

A CFD (contract for difference)

A repo

A securities lending

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