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ACI Operations Certificate challenging

Last Update 8 hours ago Total Questions : 386

The ACI Operations Certificate challenging content is now fully updated, with all current exam questions added 8 hours ago. Deciding to include 3I0-013 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our 3I0-013 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these 3I0-013 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any ACI Operations Certificate challenging practice test comfortably within the allotted time.

Question # 101

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

A.

MT 202 and MT 103

B.

MT 202 and MT 210

C.

MT 200 and MT 103

D.

MT 103 and MT 210

Question # 102

What does "SWIFT" stand for?

A.

Society for World-wide Interbank Financial Transactions

B.

Society for World-wide Interbank Financial Telecommunications

C.

Society for World-wide International Financial Transactions

D.

Society for World-wide International Financial Trading

Question # 103

Which interest rate should be applied in calculating use of funds requests in EUR?

A.

The flat ECB deposit facility rate

B.

The ECB deposit facility rate minus 25 b.p.

C.

The average of each day's EONIA rate minus 25 b,p,

D.

The average of each day's EONIA rate minus 25 b.p. unless that is lower than the ECB deposit facility rate

Question # 104

What type of documentation is recommended for repos in the international markets?

A.

The SEC Emergency Short Sale Rules

B.

The ISDA Master Agreement

C.

The Global Master Repurchase Agreement published by the ICMA

D.

An International Securities Lending Agreement

Question # 105

In the UK, Sterling T-Bills are issued by:

A.

The Government (Debt Management Office)

B.

The Bank of England

C.

The FSA

D.

The International Monetary Fund (IMF)

Question # 106

Which of the following is required for institutions acting as prime brokers?

A.

They must remain neutral and stay out of disputes between their customers.

B.

They must rely on the execution venue to resolve disputes.

C.

They must delegate the resolution of broken trades downstream to their clients.

D.

They must take responsibility for the swift resolution of any disputes.

Question # 107

In settling a money market placing between your dealer and a counterparty, what would be the financial consequences of a payment made one day late?

A.

The counterparty would cancel the deal

B.

The bilateral limit with the counterparty would have to be adjusted

C.

The counterparty would demand interest on the late payment

D.

There are no adverse financial consequences

Question # 108

If not mentioned in the master agreement, the operational process should be supported by establishing a legally binding netting agreement. What do parties not need to agree upon?

A.

Confirmation procedures

B.

Cut-off times

C.

Procedures for confirming bilateral net amounts

D.

Alternative procedures in case netting cannot be performed

Question # 109

EURIBOR, the Euro Interbank Offered Rate is:

A.

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

B.

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

C.

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

D.

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

Question # 110

Which of the following are considered best practices?

A.

Front office and back office should have different management reporting lines

B.

Confirmation discrepancies should be investigated within 48 hours

C.

Confirmations need only be exchanged if the amount involved is higher than USD 1,000,000.00 or equivalent

D.

Money market and FX dealers should have different management reporting lines

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