Sure Pass Exam 3I0-012 PDF

ACI Dealing Certificate Questions and Answers

Question 73

What does the Model Code say about omitting the “big figure” in voice communication?

The “big figure” should not be included in outright quotations.

In order to avoid misunderstandings, the “big figure” should not be mentioned when repeating the details (facts/rates) of the deal.

For the sake of brevity and efficiency, “big figures” should never be quoted at all in spot FX trading.

The Model Code recommends that the “big figure” be included in all outright and spot FX quotations.

Question 74

A purchased 3X6 FRA should be reported in a gap report as

a given deposit with a term of six months

a taken deposit with a term of three months

a given deposit with a term of three months and a taken deposit with a term of six months

a taken deposit with a term of three months and a given deposit with a term of six months

Question 75

Under new Basel rules, what is the meaning of CVA?

Credit Value Adaption

Call Value Adaption

Credit Value Adjustment

Counterpart Value Adjustment

Question 76

What is the Gold Offered Forward Rate (GOFO)?

the price differential between spot and forward gold prices

the rate at which dealers will lend gold against US dollars

the implied forward price of gold

the price of gold for forward delivery