3I0-012 Certification Exam Questions with AI Explanations

QUESTION: 86 Topic: 1, Volume A

The use of standard settlement instructions (SSI’s) is strongly encouraged because:

it reduces operational risk
it splits differences arising from failed settlement between the two counterparties
it removes the need for sending out SWIFT confirmations
the use of SSI’s secures the trading on more secure platforms

Answer(s): A

Reveal Solution Next Question

QUESTION: 87 Topic: 1, Volume A

Which of the following statements is true concerning dealing and rollovers at non-current rates?

When setting the rates for an FX swap to extend the maturity, the spot rate should be fixed immediately within the current spread
Where the use of non-current rates may be necessary, they should only be entered into with the prior explicit permission of the quoting party’s senior management
Dealing and rollovers at non-current rates are relatively common market practice and therefore should not be treated differently from any other transaction
Dealing and rollovers at non-current rates are forbidden as they can help perpetrate fraud and tax evasion

Answer(s): A

Reveal Solution Next Question

QUESTION: 88 Topic: 1, Volume A

A bank that has quoted a firm price is obliged to deal:

At that price
At that price in a marketable amount
At that price in a marketable amount, provided the counterparty’s name is acceptable
At that price in a marketable amount, provided the counterparty’s name is acceptable and the market price has not moved excessively

Answer(s): C

Reveal Solution Next Question

QUESTION: 89 Topic: 1, Volume A

Confirmations of non-prime brokerage deals using CLS should be exchanged:

within 2 hours after deal agreed with counterparty
before the value date of the trade
by the end of the trade date
within 24 hours

Answer(s): A

Reveal Solution Next Question

QUESTION: 90 Topic: 1, Volume A

Your agent bank accepts your back-valuation request for 1 day on an amount of EUR
50,000,000.00. EONIA is 0.375% and the ECB marginal lending facility rate is 1.50%. Applying conventional administration fees, how much will this be charged?

EUR 620.83
EUR 868.06
EUR 968.06
EUR 2,183.33

Answer(s): C

Reveal Solution Next Question

ACI 3I0-012 Dealing Certificate 3I0-012 Dumps in PDF

Free ACI 3I0-012 Real Questions (page: 18)

QUESTION: 86 Topic: 1, Volume A

QUESTION: 87 Topic: 1, Volume A

QUESTION: 88 Topic: 1, Volume A

QUESTION: 89 Topic: 1, Volume A

QUESTION: 90 Topic: 1, Volume A