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3I0-012 Exam Dumps : ACI Dealing Certificate

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ACI Dealing Certificate Questions and Answers

Question 1

Dealers are allowed to trade for their own account only if:

Options:

A.

they have good track records in dealing both for their institution and for themselves

B.

there have been no previous conflicts of interest in the dealing room

C.

there is a clearly defined and written policy about the matter

D.

the dealers see no conflict of interest in such dealing

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Question 2

In the unforeseen event that a particular maturity date is declared a public holiday, what is standard market practice for spot FX?

Options:

A.

to extend the contract to the next business day

B.

to shorten the contract to the previous business day

C.

The two parties involved agree to a new maturity date.

D.

There is no standard market practice. ACIs Committee for Professionalism decides the issue on a case-by-case basis.

Question 3

Which of the following risks are considered market risks?

Options:

A.

interest rate, currency, equity and commodity risk

B.

interest rate, currency, equity and default risk

C.

interest rate, equity, liquidity and default risk

D.

legal, reputation and regulatory risk