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3I0-012 Exam Dumps : ACI Dealing Certificate

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ACI Dealing Certificate Questions and Answers

Question 1

Which one of the following statements is incorrect? Hedge accounting of an existing position no longer applies when:

Options:

A.

the trader acquires additional exposure in the hedged item.

B.

the hedging instrument is sold, terminated or exercised.

C.

the hedged item is sold or settled.

D.

a hedge fails the effectiveness test.

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Question 2

Under Basel rules the risk weight for AM-rated claims on corporates in the standardized approach is:

Options:

A.

0%

B.

15%

C.

20%

D.

75%

Question 3

The outright forward FX rate is not a function of which of the following?

Options:

A.

The interest rates of the two currencies

B.

The spot exchange rate

C.

Thedaycount

D.

Market expectation