Helping Hand Questions for 3I0-013

ACI Operations Certificate challenging Questions and Answers

Question 33

If the back office staff receive a trade that is incomplete, which information is absolutely essential for processing the trade?

The clearing house phone number

The account number to which fees are booked

The identity of the counterparty’s dealer

The name of the counterparty

Question 34

Which interest rates are used to calculate the exchange rate of an outright transaction value tomorrow (over tom)?

The overnight interest rates of both currencies

The spot next interest rates of both currencies

The one week interest rates of both currencies

The torn next interest rates of both currencies

Question 35

Which of the following is a fundamental element or module in the “securities dealing and processing” part of a treasury system?

The financial reporting standard

Brokerage accounting

The custodian account reconciliation function

The country limit overview

Question 36

A USD 1,0000,000.00 US Treasury Bill (91 days) is offered at a discount rate of 0.75%. The offer price will be:

USD 1,000,000.00

USD 998,104.17

USD 992,500.00

USD 998,130.14