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3I0-013 Exam Dumps : ACI Operations Certificate challenging

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ACI Operations Certificate challenging Questions and Answers

Question 1

A non deliverable forward (NDF) is a:

Options:

A.

Cash-settled currency forward between two counterparties

B.

Exchange-traded, cash-settled currency forward

C.

Over-the-counter, cash-settled spot FX

D.

Principal-settled currency forward between two counterparties

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Question 2

Under normal circumstances, which of the following is a non-negotiable instrument?

Options:

A.

A Medium Term Note

B.

A Banker’s Acceptance

C.

A Money Market Deposit

D.

A Treasury Bill

Question 3

As to futures contracts:

Options:

A.

The maintenance margin is a predetermined fraction of initial margin

B.

The initial margin is a predetermined fraction of maintenance margin

C.

The maintenance margin represents the brokerage costs

D.

The maintenance margin represents management fees