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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 # 11

What are the three successive stages of money laundering?

A.

Integration, layering, placement

B.

Integration, placement, layering

C.

Placement, layering, integration

D.

Layering, integration, placement

Question # 12

What is volatility?

A.

The difference between the current price of an asset and its previous close

B.

A statistical measure of price fluctuations as an annualized percentage

C.

The measure of the liquidity of a contract or security

D.

The difference between the annual high and low of a security

Question # 13

Today, the spot value for a USD deposit is Wednesday, 29 February. What is the 4 months maturity date? (Assume that there are no bank holidays)

A.

Thursday, 27 June

B.

Friday, 28 June

C.

Saturday, 29 June

D.

Monday, 1 July

Question # 14

What is a correspondent bank?

A.

A bank which processes payment orders on behalf of another bank

B.

A bank which processes payment orders on national level only

C.

A bank which has subsidiaries in CLS-countries

D.

A bank which has a minimum reserve account in more than one country

Question # 15

Which SWIFT message type is not accepted in TARGET2?

A.

SWIFT MT 103+

B.

SWIFT MT 202

C.

SWIFT MT 204

D.

SWIFT MT 210

Question # 16

The exercise price (strike price) of an option contract is:

A.

The price of the underlying instrument at the time of the transaction

B.

The price at which the transaction on the underlying instrument will be carried out if the option is exercised

C.

The price the buyer of the option pays to the seller when entering into the options trade

D.

The price at which the two counterparties can closeout their position

Question # 17

What are the consequences for credit risk when a collateral agreement is added to a netting agreement?

A.

A collateral agreement eliminates the future replacement risk

B.

A collateral agreement can reduce market risk

C.

A collateral agreement can reduce operational risk

D.

A collateral agreement can reduce the replacement risk

Question # 18

Sterling Treasury bills can be issued with maturities of:

A.

3 months, 6 months and 9 months

B.

1 month only

C.

Up to 2 years

D.

1 month, 3 months, 6 months and 12 months

Question # 19

As far as interest rate swaps are concerned, which risk is reduced or eliminated when a close-out netting agreement is in place?

A.

Replacement risk

B.

Volatility risk

C.

Commercial risk

D.

Market risk is reduced to a predefined amount

Question # 20

Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 6% p.a. plus reserve costs of EUR 1.00 per thousand. How much will your account be charged for this overdraft?

A.

EUR 8,219.18

B.

EUR 8,333.33

C.

EUR 18,219.18

D.

EUR 18,333.33

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