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3I0-013 Exam Dumps : ACI Operations Certificate challenging

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ACI Operations Certificate challenging Questions and Answers

Question 1

You request use of funds from your agent bank for 2 days on an amount of EUR 25,000,000.00. EONIA is 0.790% on the first day and 0.836% on the second day. The ECB deposit facility rate is 0.75% on both days. What use of funds settlement amount should you expect?

Options:

A.

EUR 694.44

B.

EUR 781.94

C.

EUR 1,041.67

D.

EUR 1,129.17

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Question 2

What do FX swap rates represent?

Options:

A.

Largely the interest rate differential between two currencies

B.

The price of an option

C.

The expectation of an appreciation of a currency

D.

The volatility of a currency

Question 3

If the back office staff receive a trade that is incomplete, which information is absolutely essential for processing the trade?

Options:

A.

The clearing house phone number

B.

The account number to which fees are booked

C.

The identity of the counterparty’s dealer

D.

The name of the counterparty