3I0-012 ACI Dealing Certificate exact Exam Questions

ACI Dealing Certificate

Last Update 1 day ago Total Questions : 740

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Question # 76

What is the purpose of a short straddle option strategy?

To anticipate lower volatility in the price of the underlying commodity

To anticipate moderately high volatility in the price of the underlying commodity

To anticipate increasing volatility in the price of the underlying commodity

To anticipate very high volatility in the price of the underlying commodity

Question # 77

Today is the fixing date for a 6x9 FRA that you sold at 2.55%. BBA LIBOR fixes at 2.7175%.

Which of the following is true?

You will pay a net settlement amount

You will receive a net settlement amount

There will be an exchange of gross interest payments in 2 business days

There will be an exchange of gross interest payments in 3 months

Question # 78

What is Funds Transfer Pricing in the ALM process?

A maturity analysis of a bank’s interest-bearing assets and interest-bearing liabilities.

A method used to measure how much each source of funding is contributing to overall profitability.

A calculation of the spread between the duration of the interest-bearing assets and the interestbearing liabilities.

The evaluation and management of the gap between a bank’s volume of loans and deposits.

Question # 79

The buyer of a USD/ARS NDF could be:

a buyer of Argentine Pesos

expecting a falling USD/ARS rate

hedging against a weakening of the Argentine Peso

speculating on an appreciation of the Argentine Peso

Question # 80

A 6-month (182-day) investment of CAD 15,500,000.00 yields a return of CAD 100,000.00. What is the rate of return?

1.32%

1.29%

1.28%

0.65%

Question # 81

In interbank trading, if a dealer is calling “off” at the same time as the broker is hitting a price:

no transaction should be concluded and the broker should inform both counterparties accordingly

a transaction should be concluded and the broker should inform both counterparties accordingly

the dealer has the choice of either concluding the transaction or not

the broker decides whether the transaction should be concluded or not

Question # 82

The seller of a call option has:

Substantial opportunity for gain and limited risk of loss

Substantial risk of loss and substantial opportunity for gain

Limited risk of loss and limited opportunity for gain

Substantial risk of loss and limited opportunity for gain

Question # 83

Prudential regulation of banking book liquidity risk is dealt with by the Basel Committee (Basel II / Basel III) in the context of:

capital adequacy regulations in Pillar 1

market risk and Tier 3 capital elements

internal management procedures subject to supervisory review in Pillar 2

market discipline, disclosure and transparency in Pillar 3

Question # 84

Using the following rates:

3M (90-day) EUR deposit 0.25%

6M (180-day) EUR deposit 0.50%

What is the rate for a EUR deposit, which runs from 3 to 6 months?

0.25%

0.375%

0.75%

0.50%

Question # 85

If you lend for 3 months and borrow for 6 months, you may be said to:

Be over-lent

Have a negative gap

Be exposed to higher interest rates

Be over-borrowed

Question # 86

The 180-day CAD/CHF rate is bid 62 and the 90-day CAD/CHF rate is bid 29. What is the bid rate for 120 days, assuming straight-line interpolation?

Question # 87

The maturity of a straight 3-months deposit falls on Saturday, which happens to be the last day of the month. What is the actual deposit maturity date?

The following Monday

Saturday

Sunday

The previous Friday