ACI 3I0-013 Exam Questions Free Practice Test

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Viewing questions 81-90 out of questions

Questions # 81:

Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the LIBOR is now 6.00%. Which of the following is true?

Options:

You will pay a cash settlement to the counterparty

You will receive the cash settlement

There is no cash settlement pending

There is insufficient information to make a determination

Expert Solution

Questions # 82:

Which of the following is essential for the effective and timely execution of outward payments?

Options:

Confirmation of the exact processing time of the payment order with the central bank of your counterparty

The strict adherence to the cut-off times of your domestic payment system

Confirmation of the time of processing of the payment order with your own central bank

The strict adherence to the cut-off times for payments made worldwide

Expert Solution

Questions # 83:

When is the general cut-off time for interbank payments using TARGET2?

Options:

17:00 (5.00 p.m.) Central European Time (CET)

18:00 (6.00 p.m.) Central European Time (CET)

18:30 (6.30 p.m.) Central European Time (CET)

18:30 (6.30 p.m.) CET, but on the last minimum reserve fulfillment day (23rd of a month) 19:30 (7.30 p.m.) CET

Expert Solution

Questions # 84:

Loan/deposit input and mismatch analysis capability belongs to which module in a treasury system?

Options:

The FX spot and forward dealing input and processing module

Standard back office features

The money market dealing and processing module

The securities trading and processing module

Expert Solution

Questions # 85:

Your dealer has sold a 3x6 AUD 10,000,000.00 FRA at 3.10%. On settlement day the 3-month (90- day) fixing is 3.00%. What would you do?

Options:

Pay AUD 2,447.65

Receive AUD 2,500.00

Pay AUD 2,481.39

Receive AUD 2,481.39

Expert Solution

Questions # 86:

You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).

Options:

You should make the payment in accordance with the SSI you are holding without referring to your dealer or contacting the counterparty

You should make the payment in accordance with the trade instructions

You should check the SSI with your dealer and contact the counterparty to seek his specific instructions

You should not make the payment

Expert Solution

Questions # 87:

How is a call money market transaction generally confirmed?

Options:

By a SWIFT MT 320

By a SWIFT MT 330

By a SWIFT MT 340

By a SWIFT MT 360

Expert Solution

Questions # 88:

Which of the following is the main objective of position-keeping?

Options:

Measuring market exposure

Defining capital adequacy

Evaluating country risk

Monitoring counterparty credit risk

Expert Solution

Questions # 89:

The owner of a convertible bond:

Options:

Has the obligation to convert his bond

Has the right to convert his bond

Must wait for the decision of the issuer if he wants to convert his bond

Has the obligation to convert the coupon into a variable or a fixed rate

Expert Solution

Questions # 90:

Which of the following steps describes the correct sequence for running an investigation?

Options:

1. Gather all the required documentation; 2, Reach an agreement with your dealer; 3. Send a claim to the counterparty

1. Inform the compliance officer; 2, Gather all required documentation; 3. Contact the counterparty's dealer; 4. Reach an agreement with the counterparty's dealer

1. Contact the banks' attorney; 2. Ask your dealer to amend or to cancel the deal; 3, ask the accounting department to the adjust value date

1. Gather all required documentation; 2. Determine the origin of any discrepancy 3, get in contact with the counterparty and submit the facts 4. Reach an agreement with the counterparty

Expert Solution

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