3I0-013 Reviews Questions

ACI Operations Certificate challenging Questions and Answers

Question 49

When should discrepancies between front-office and back-office systems be resolved?

Options:

By the end of the trading day

On the next business day

On the value date

As soon as they become apparent

Question 50

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

Question 51

Which of the following trades involves replacement risk?

Options:

The purchase of shares through Eurex Clearing (payment against delivery)

The purchase of an OTC call option

The taking of call money

A long position in Bund futures

Question 52

For the third time in a month, a back office clerk has been questioned by one of his spot FX dealers about back office payment authorization and confirmation procedures. What should he/she do?

Options:

He/she should report this to his/her supervisor

He/she should respond to the questions

He/she should avoid the dealer

He/she should refuse to answer the questions

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ACI Operations Certificate challenging Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce