ACI 3I0-013 Exam Questions Free Practice Test

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Questions # 91:

Which of the following statements about operational risk awareness is correct?

Options:

It is good practice to collect and disclose incidents and near-misses for the future benefit of the professional community.

It is good practice to collect and analyze incidents and near-misses so as to set up preventive action plans for the future.

A report describing operational risks should be made at the request of the front office.

A report describing operational risks should be made at least once a year and provided to the front office.

Expert Solution

Questions # 92:

What is a straddle?

Options:

A level of risk on derivatives

A type of option

A derivative benchmark

A derivative strategy using options

Expert Solution

Questions # 93:

What are the key fields for matching criteria in a spot FX transaction?

Options:

Value date, currency and the amount bought or sold in the two currencies

Value date, currency and the amount bought in that currency, currency and the amount sold in that currency, exchange rate

Deal date, value date and exchange rate

Value date, account number and BIC-address

Expert Solution

Questions # 94:

Regarding access to production systems, which of the following is incorrect?

Options:

Profiles for functions are encouraged and should be reviewed semi-annually by a manager.

Developers should have unrestricted access to production systems.

Access to production systems should be rigorously controlled.

Users should not have access to change system functionalities.

Expert Solution

Questions # 95:

What is a convertible security?

Options:

A security the owner has the right to convert

A security the issuer has the right to redeem

A security the owner has the right to redeem

A security the issuer has the right to convert

Expert Solution

Questions # 96:

Which department is responsible for deal settlement?

Options:

The front office

The back office (Operations)

The U department

The middle office

Expert Solution

Questions # 97:

If today's spot date were Friday, 27 February, what would the normal one-month deposit maturity date be? (Assume there are no bank holidays)

Options:

28 March

29 March

30 March

31 March

Expert Solution

Questions # 98:

Which of the following types of payment cannot be executed in the United States?

Options:

Same day value payment in JPY

Same day value payment in EUR

Value tomorrow payment in AUD

Value tomorrow payment in NZD

Expert Solution

Questions # 99:

The use of a bilateral netting scheme for FX settlements results in:

Options:

One net settlement per currency, per counterparty, per day

One net settlement per currency, per day

A single net settlement per day

Multiple settlements per currency, per counterparty, per day for those netted settlements

Expert Solution

Questions # 100:

The "centralized collateral management service" offers which of the following services for its clients?

Options:

The valuation and transfer of collateral in general collateral (GC) repos only

The valuation and transfer of collateral in tri party repos only

The valuation and transfer of collateral in special repos only

The valuation and transfer of collateral in any type of repo

Expert Solution

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