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

Questions # 21:

The yield of a 1 month FRN in EUR depends on

Options:

The level of short-term EUR interest rates

The level of medium-term EUR interest rates

The slope of EUR yield curve

The level of long-term EUR interest rates

Questions # 22:

Your dealer has sold USD 10,000,000.00 against JPY at a rate of 95.00. In settlement you would expect to:

Options:

Receive JPY 105,263.16

Pay JPY 950,000,000

Receive JPY 950,000,000

Pay JPY 105,263

Questions # 23:

What does FSA stand for?

Options:

Financial Standards Authority

Financial Supervisory Association

Financial Services Authority

Financial Securities Association

Questions # 24:

Which two countries are not participating in TARGET2?

Options:

Denmark and Finland

Latvia and Lithuania

The Czeck Republic and the United Kingdom

Bulgaria and Romania

Questions # 25:

Physical securities reconciliation software packages are based on:

Options:

SWIFT MT 5XX

SWIFT MT 2XX

SWIFT MT 320

SWIFT MT 400

Questions # 26:

What are the factors determining if a FX transaction can be settled through the CLS Bank?

Options:

Currency pair, price

Currency pair, counterparty, time

Currency pair, price, counterparty

Counterparty, price

Questions # 27:

Your bank purchases a FRA at 0.75% in USD. Under what conditions will you pay a cash settlement?

Options:

If EURIBOR is higher than 0.75%

If EURIBOR is lower than 0.75%

If LIBOR is lower than 0.75%

If LIBOR is higher than 0.75%

Questions # 28:

A bond selling at a discount will be selling for:

Options:

Less than 100%

100%

More than 100%

More than a bond selling at a premium

Questions # 29:

If a bank incurs interest charges from having overdrawn an account due to a late payment from a counterparty:

Options:

The bank is entitled to seek reimbursement from the party responsible for the late payment.

Nothing can be done to compensate the bank for the interest charges it incurs.

The bank should file a complaint with ACI’s Committee for Professionalism.

The bank will automatically be reimbursed by the party responsible for the late payment.

Questions # 30:

EURIBOR, the Euro Interbank Offered Rate is:

Options:

The rate at which Euro interbank term deposits are offered by one prime bank to another prime bank published at 11.00 a.m. CET

The interest reference rate for the Euro calculated daily from the rates of 15 London banks

The interest reference rate for all major currencies calculated daily from the rates of panel banks from EU countries

The rate at which Euro interbank term deposits are offered by prime banks to corporate published at 11.00 a.m. CET

Viewing page 3 out of 12 pages

Viewing questions 21-30 out of questions

Summer Certification Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code = getmirror

Pass the ACI-Financial 3I0-013 Questions and answers with ExamsMirror

Exam 3I0-013 Premium Access

Options:

Options:

Options:

Options:

Options:

Options:

Options:

Options:

Options:

Options:

TOP CODES