3I0-012 ACI Dealing Certificate exact Exam Questions

ACI Dealing Certificate

Last Update 4 hours ago Total Questions : 740

The ACI Dealing Certificate content is now fully updated, with all current exam questions added 4 hours ago. Deciding to include 3I0-012 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our 3I0-012 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these 3I0-012 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any ACI Dealing Certificate practice test comfortably within the allotted time.

Question # 61

Which of the following statements does not explain why banks accept some amount of interest rate risk?

In their function as intermediaries, banks must necessarily accept some degree of interest rate risk.

Banks incur interest rate risk to increase income

Banks prefer c red it risk to market risk.

If banks failed to take on interest rate risk they would not be able to meet the needs of their deposit and loan customers.

Question # 62

Which one of the following statements about “CLS rescinds” is correct?

CLS settlement members may rescind instructions unilaterally provided that the rescind messages reach the CLS Bank before the 00:00 CET deadline.

CLS settlement members may rescind instructions unilaterally provided that the rescind messages reach the CLS Bank before the 06:30 CET deadline.

CLS settlement members may rescind instructions bilaterally only if the rescind messages reach the CLS Bank before the 00:00 CET deadline.

CLS settlement members may rescind instructions bilaterally only if the rescind messages reach the CLS Bank after the 06:30 CET deadline.

Question # 63

For a bank to count funds as regulatory capital:

There has to be an ultra long term maturity date

The risk taken by the bank must be taken or shared by provider of the capital

The funds must be in the form of pure equity

The funds must be re-invested only in cash

Question # 64

If you sell forward USD to a client against EUR, what is the first thing you should do to cover your exposure to exchange rate movements?

Sell and buy USD in the FX swap market

Sell USD in the spot market

Buy USD in the spot market

Buy and sell USD in the FX swap market

Question # 65

The market is quoting:

1-month (31-day) NOK 1.75¡ãk

3-month (91-day) NOK 2.05%

What is the 1x3 rate in NOK?

4.261%

2.202%

1.900%

1.592%

Question # 66

In the event that standard settlement instructions are provided by a third party, full authentication and authorization of those SSIs should be independently performed by?

Sales I trading staff

Operations staff

Nostro staff

Front office staff

Question # 67

Three of the following non-EU countries have unilaterally adopted the Euro. Which one has not?

Kosovo

Andorra

Albania

Montenegro

Question # 68

If EUR/USD is 1.3025-28 and the 6-month swap is 15.50/17, what is the 6-month outright price?

1.3042-1.30435

1.30405-1.3045

1.30095-1.3011

1.4575- 1.4728

Question # 69

How can options be used to synthesize a short position in the underlying commodity?

A short put option + long call option at the same strike price

A long put option + short call option at the same strike price

A short put option + short call option at the same strike price

A long put option + long call option at the same strike price

Question # 70

You are quoted the following market rates:

spot EUR/CHF 1.1005

6M (180-day) EUR 3.45%

6M (180-day) CHF 1.25%

What are the 6-month EUR/CHF forward points?

+121

+120

-116

-119

Question # 71

Using the following rates:

spot GBP/CHF 2.3785-15

spot CHF/SEK 5.5975-85

3M GBP/SEK swap 725/690

What is the price for 3-month outright GBP/SEK?

13.3860-13.4020

13.2435-13.2615

13.2412-13.2638

13.2445-13.2605

Question # 72

Dealers should not conduct dealing activities outside the bank unless:

Clear written guidelines issued by management are in place.

They are in an approved brokers office.

There are on holiday.

None of the above.

Question # 73

If several banks hit a broker simultaneously for an amount greater than the amount for which the price was shown:

no transaction is done

the broker has to honor each and every amount hit

the broker has to split the amount among the banks on a pro rata basis

the broker may freely choose the bank(s) he will deal with

Question # 74

Which of the following is part of the typical scope of Asset Liability Management (ALM)?

Selling distressed assets and investing in bank liabilities trading at distressed levels.

Making sure that fixed assets are depreciated according to the applicable tax code.

Planning the maturity structure and net funding requirements arising from banking book and trading book transactions.

Planning the liability structure and net funding requirements arising from trading book assets carried at amortized cost.

Question # 75

Which of the following statements regarding economic capital is correct?

Economic capital is calculated externally and is the amount of capital the firm should have to support its target credit rating

Economic capital is calculated on an expected shortfall basis with a specific time horizon and confidence level.

Economic capital is used for measuring and reporting risks across a financial organisation.

Economic capital is always lower than regulatory capital because of the more adequate modelling of correlation effects compared to the regulatory approach.