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ACI Dealing Certificate Questions and Answers

Question 81

What should be done if a broker fails to conclude a transaction at the quoted price and the dealer has to accept a lesser quote to neutralize his risk?

Options:

‘stuff’ the broker and insist on a replacement name at the original price

accept a bank transfer compensation payment in favour of the bank or adjustment to brokerage bills

refuse any sort of compensation from the broker for the amount concerned

acknowledge the excuses of the broker and accept his offer of entertainment in compensation for the failed transaction

Question 82

How much is one big figure worth per million of base currency if EUR/GBP is 0.8990?

Options:

GBP 10,000.00

EUR 10,000.00

GBP 8,990.00

EUR 8,990.00

Question 83

All other things being equal, if a bank borrows short and lends long what is the effect on the liquidity risk of the bank?

Options:

positive

changes only when interest rates levels are high

negative

changes only when interest rates levels are low

Question 84

Which of the following transactions would have the effect of shortening the average duration of liabilities in the banking book?

Options:

selling holdings of 30-year German Government bonds

replacing retail savings accounts with 3-month borrowings under repo

selling futures contracts on 30-year German Government bonds

placing a 20-year covered bond in the market

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ACI Dealing Certificate Questions and Answers

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