ACI 3I0-013 Exam Questions Free Practice Test

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Questions # 21:

The two main risks to which treasuries are exposed can be grouped into:

Options:

Market and loss

Market and money

Market and credit

Market and unavailability

Expert Solution

Questions # 22:

If your trader has dealt a 6-month USD/JPY FX-swap, selling and buying USD 10,000,000.00, will you:

Options:

Expect a credit statement on your JPY nostro account on the near date

Be required to obtain and execute the ICMA Master Agreement to document the transaction

Need to instruct your USD nostro bank to pay out USD on the far date

Anticipate no movement of principal, but a cash settlement on the far date

Expert Solution

Questions # 23:

Claims should be communicated in writing via e-mail or preferablely by authenticated SWIFT. What information should be provided in the claim?

Options:

The details of the transaction involved, the number of days the payment was delayed and the resulting cost

The details of the transaction involved, the number of days the payment was delayed and the cost, together with Central Bank rate to be applied

The details of the transaction involved, the number of days the payment was delayed and the cost, together with reference rates to be applied

The details of the transaction involved, the number of days the payment was delayed and the cost, together with the calculation methodology being claimed

Expert Solution

Questions # 24:

Your money market dealer has lent NZD 5,000,000.00 at 3,00% for 6 months (183 days). How much must the counterparty pay back to you in capital plus accrued interest at maturity?

Options:

NZD 5,000,000.00

NZD 5,076,205.48

NZD 5,076,250.00

NZD 5,075,000.00

Expert Solution

Questions # 25:

Who is responsible for producing the Model Code?

Options:

The Federation of Bankers Associations

The International Foreign Exchange Market Practices Committee

The G7 Committee of Central Banks

ACI - The Financial Markets Association

Expert Solution

Questions # 26:

What normally happens on the settlement date of a USD/TWD non deliverable forward (NDF)?

Options:

Both currencies (USD and TWO) are exchanged

The notional amount is paid out in USD

A cash settlement is paid out in TVVD

A cash settlement is paid out in USD

Expert Solution

Questions # 27:

How would you denote that EUR funds are to be paid via TARGET2 on a typical MT 202 message?

Options:

There is no need to note this separately as payments via TARGET2 are made only in EUR.

The code word "viaTARGET2" is used in field 72 - "Bank to Bank Information".

7/RT" is indicated once in the optional account number field 56A, 57A or 58A.

The code word "TARGET2" is used in the "Pay To Bank" field.

Expert Solution

Questions # 28:

The payments due on a FRA are settled:

Options:

On the trade date

On the maturity date of the FRA

Daily in accruals

On the start date of the FRA

Expert Solution

Questions # 29:

A Luxembourg based bank, which regularly buys American securities for its customers, will preferably:

Options:

Buy the American securities directly on the NYSE

Open a bank account in the United States

Open an account in a bank in the U.S. that has an account at the NYSE

Buy the securities directly in Luxembourg

Expert Solution

Questions # 30:

What is the purpose of “internal cash reconciliation”?

Options:

To control the bank’s cash and derivative positions

To reconcile and control the cash balance for the Bank for International Settlements (BIS)

To reconcile and control the cash balance for the central bank

Cash forecasting, cash collateral and cash positions control

Expert Solution

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