PDF 3I0-013 Study Guide

ACI Operations Certificate challenging Questions and Answers

Question 25

What is a loro or vostro bank account?

An account that you hold with another commercial bank

An account that another bank holds with you

An account that you hold with the Bank of England

Your suspense account at the European Central Bank

Question 26

A "basis point", expressed as a percentage, is:

0.01%

0.1%

0.0001%

Question 27

As to deal confirmations, who is your counterparty on futures contracts?

The futures exchange itself

The clearing house of the futures exchange

Your broker

The ISDA

Question 28

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

A Medium Term Note

A Banker’s Acceptance

A Money Market Deposit

A Treasury Bill