ACI-Financial 3I0-012 Passing Score

ACI Dealing Certificate Questions and Answers

Question 45

What is one of the responsibilities of the Middle Office according to the Model Code?

Options:

Sending settlement instructions

Investigating settlement discrepancies

Keeping a contact list of all back office staff of the bank’s counterparties

Exchanging standard settlement instructions (SSIs)

Question 46

Click on the Exhibit Button to view the Formula Sheet. Bank A pays for EURO 5 m at 1.1592. Bank B offers EURO 10 m at 1.1597. Broker XYZ quotes to the market EURO /USD 1.1592/97. Bank C takes the offer at 97. The broker is obliged to reveal:

Options:

The name of Banks A and B.

The name of Bank B only.

The amount that was bid but not the name of Bank A.

None of the above

Question 47

Risk capital is intended to ensure that an institution can:

Options:

Survive a liquidity crisis

Absorb credit losses

Absorb any type of unexpected loss

Absorb any type of expected loss

Question 48

What is the effect of netting?

Options:

To reduce the number and size of payments and transfers

To reduce exposure to credit risk

To reduce the size of the balance sheet

All of the above

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ACI Dealing Certificate Questions and Answers

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