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ACI-Financial 3I0-012 Passing Score

Page: 12 / 28
Total 740 questions
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ACI Dealing Certificate Questions and Answers

Question 45

What is one of the responsibilities of the Middle Office according to the Model Code?

Options:

A.

Sending settlement instructions

B.

Investigating settlement discrepancies

C.

Keeping a contact list of all back office staff of the bank’s counterparties

D.

Exchanging standard settlement instructions (SSIs)

Question 46

Click on the Exhibit Button to view the Formula Sheet. Bank A pays for EURO 5 m at 1.1592. Bank B offers EURO 10 m at 1.1597. Broker XYZ quotes to the market EURO /USD 1.1592/97. Bank C takes the offer at 97. The broker is obliged to reveal:

Options:

A.

The name of Banks A and B.

B.

The name of Bank B only.

C.

The amount that was bid but not the name of Bank A.

D.

None of the above

Question 47

Risk capital is intended to ensure that an institution can:

Options:

A.

Survive a liquidity crisis

B.

Absorb credit losses

C.

Absorb any type of unexpected loss

D.

Absorb any type of expected loss

Question 48

What is the effect of netting?

Options:

A.

To reduce the number and size of payments and transfers

B.

To reduce exposure to credit risk

C.

To reduce the size of the balance sheet

D.

All of the above

Page: 12 / 28
Total 740 questions
Get 3I0-012 Full Access Download 3I0-012 PDF