ACI 3I0-013 Online Access

ACI Operations Certificate challenging Questions and Answers

Question 41

You take a EUR deposit on Monday, 13 February. Assuming there are no intervening bank holidays, what is the one-month maturity date?

Monday, 13 March

Tuesday, 14 March

Wednesday, 15 March

Thursday, 16 March

Question 42

Which of these statements is correct?

The strike price of a Bermudan option is an average.

A Bermudan option can be exercised only on a few specific dates prior to expiration.

A Bermudan option can be exercised at any time before its maturity date.

A Bermudan option can be exercised only at maturity.

Question 43

What is a settlement date?

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

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

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

The date a deal is processed

Question 44

Most non deliverable forwards (NDFs) are cash-settled in:

GBP

USD

CHF

EUR