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3I0-012 Exam Dumps : ACI Dealing Certificate

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ACI Dealing Certificate Questions and Answers

Question 1

What is the effect of netting?

Options:

A.

To reduce the number and size of payments and transfers

B.

To reduce exposure to credit risk

C.

To reduce the size of the balance sheet

D.

All of the above

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Question 2

A futures clearing house is:

Options:

A.

The buyer to each seller and the seller to each buyer

B.

A clearing agent only

C.

The self-regulatory organization for the futures exchange

D.

The owner of the futures exchange

Question 3

The buyer of a cap:

Options:

A.

Receives compensation if a reference interest rate falls below an agreed level

B.

Pays compensation if a reference interest rate falls below an agreed level

C.

Receives compensation if a reference interest rate rises above an agreed level

D.

Pays compensation if a reference interest rate rises above an agreed level