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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

What risks arise from not receiving the securities purchased or not receiving payment for securities sold?

Options:

A.

Liquidity, market and counterparty risk

B.

Only a funding risk

C.

Only a liquidity and a funding risk

D.

Settlement, funding and liquidity risk

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Question 2

As to futures contracts:

Options:

A.

The maintenance margin is a predetermined fraction of initial margin

B.

The initial margin is a predetermined fraction of maintenance margin

C.

The maintenance margin represents the brokerage costs

D.

The maintenance margin represents management fees

Question 3

What is a settlement date?

Options:

A.

The date by which the interest payment on an operation must be made

B.

The last date by which the minimum reserve amount can be paid to the central bank

C.

The date, on which settlement must be made on the contracted amount or the differential amount of an operation

D.

The date a deal is processed