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

Questions # 61:

Which of the following currencies is eligible for CLS settlement?

Options:

ZAR

TRY

MYR

CNY

Questions # 62:

What payment system has to be used for all payments involving the Eurosystem?

Options:

SWIFT

CHAPS

Euro Link System (ELS)

TARGET2

Questions # 63:

Which of the following BIC-addresses belongs to a bank based in Germany?

Options:

FRNYUS33

ECBFDEFF

BCLXLULL

SNBZCHZZ

Questions # 64:

A USD 1,0000,000.00 US Treasury Bill (91 days) is offered at a discount rate of 0.75%. The offer price will be:

Options:

USD 1,000,000.00

USD 998,104.17

USD 992,500.00

USD 998,130.14

Questions # 65:

When would you use a SWIFT message type 103?

Options:

For a foreign exchange confirmation

For a multiple general financial institution transfer

For a general financial institution transfer

For a customer transfer

Questions # 66:

What deals are usually associated with a collar?

Options:

A purchase of a cap and a sale of a cap at higher reference rate

A purchase of a floor and a sale of a cap or vice versa

A purchase of a cap and a purchase of a floor

A purchase of a step-up cap and a sale of a step-down floor

Questions # 67:

Major amendments to a prospectus can be made:

Options:

At the discretion of the issuer and after the launch

Only with the consent of the note holders

Always in the case of default payment

Only by the custodian with the consent of the issuer

Questions # 68:

What is the function of the cash positions keeper?

Options:

He/she acts as a running control on the balance of a nostro, alerting the treasury dealer when funds are running too low or too high for a particular value day measured by agreed upon internal parameters

He/she assists the dealer in deciding which currency to invest in

He/she informs back office staff about which kind of confirmations are to be used

He/she acts as a running control on the balance of an internal account, alerting the treasury dealer when fees are running too low or high for a particular value day

Questions # 69:

When do you use a SWIFT message type 202?

Options:

For a foreign exchange confirmation

For multiple general financial institution transfers

For a general financial institution transfer

For a customer transfer

Questions # 70:

A EUR based bank has a USD-convertible bond. What market risks are present?

Options:

Interest rate and currency risks

Interest rate, stock price and currency risks

Stock price and currency risks

Stock price risk

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