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ACI Operations Certificate challenging

Last Update 7 hours ago Total Questions : 386

The ACI Operations Certificate challenging content is now fully updated, with all current exam questions added 7 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 # 71

What normally happens on the settlement date of a USD/TWD non deliverable forward (NDF)?

A.

Both currencies (USD and TWO) are exchanged

B.

The notional amount is paid out in USD

C.

A cash settlement is paid out in TVVD

D.

A cash settlement is paid out in USD

Question # 72

In using futures contracts there is:

A.

Only market risk

B.

Only credit risk

C.

Market risk and credit risk

D.

Market risk, credit risk and delivery risk

Question # 73

The price of a zero coupon, maturing in 2 years, is

A.

Always close to 100%

B.

Above 100%

C.

Below 100%

D.

Always precisely 100%

Question # 74

Whose compliance rules, regulations and best practices should be followed in FX electronic trading?

A.

Solely those of the electronic trading platforms vendors

B.

Exclusively ACI's Model Code Best Practices

C.

ACI's Model Code Best Practices and ICMA's Market Practice & Regulatory Policy

D.

The electronic trading platforms vendors' and the ACI's Model Code Best Practices guidelines

Question # 75

Which is the most accurate definition of Euro Commercial Paper - "Short-term promissory notes issued in bearer form with a maturity of ..."

A.

30 days < 360 days

B.

360 days < 5 years

C.

180 days < 365 days

D.

1 day < 365 days

Question # 76

A "turn of the month" deposit would be a transaction:

A.

Value first business day of a month against last business day of the same month

B.

Value last business day of a month against first business day of the next month

C.

Value last business day of a month against last business day of the following month

D.

Value first business day of a month against first business day of the following month

Question # 77

What is the replacement risk of an OTC derivative trade?

A.

The risk that there is no liquid market at the exchange to close a trade

B.

The risk that the present value of a trade will be negative one day prior to value date

C.

The risk that an OTC-derivative product cannot be closed before maturity

D.

The loss incurred if the counterparty defaults

Question # 78

Your agent bank accepts your back-valuation request for 1 day on an amount of EUR 50,000,000.00, EONIA is 0,375% and the ECB marginal lending facility rate is 1.50%. Applying conventional administration fees, how much will this be charged?

A.

EUR 620.83

B.

EUR 868.06

C.

EUR 968.06

D.

EUR 2,183.33

Question # 79

When would you use a SWIFT message type 300?

A.

For a multiple general financial institution transfer

B.

For a general financial institution transfer

C.

For a foreign exchange confirmation

D.

For a customer transfer

Question # 80

The payments due on a FRA are settled:

A.

On the trade date

B.

On the maturity date of the FRA

C.

Daily in accruals

D.

On the start date of the FRA

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