3I0-012 ACI Dealing Certificate Free Practice Exam Questions (2025 Updated)
Prepare effectively for your ACI 3I0-012 ACI Dealing Certificate certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.
When dealing with a fund manager, who will allocate shares in a transaction to his unknown clients after the transaction has been executed with you, you should:
A bank that has quoted a firm price is obliged to deal:
You are quoted the following market rates:
spot EUR/GBP 0.6670
6M (182-day) EUR 2.35%
6M (182-day) GBP 375%
What is 6-month EUR/GBP?
What are IMM dates?
What is the ISO code for the currency of Hungary?
You are quoted the following market rates:
spot EUR/CHF 1.1005
6M (180-day) EUR 3.45%
6M (180-day) CHF 1.25%
What are the 6-month EUR/CHF forward points?
What is the incentive for market-making?
What is an FX swap?
What are 1MM dates?
Which of the following statements is true?
When you are accepting a stop loss order, you must:
A 3-month (91-day) UK Treasury bill with a face value of GBP 50,000,000.00 is quoted at a yield of 4.25%. How much is the bill worth?
Which of the following is sometimes called two-name paper?
Payment and settlement instructions should be passed:
What usually happens to the collateral in a tri-party repo?
What is one of the responsibilities of the Middle Office according to the Model Code?
You have a USD loan that is priced at 3-month LIBOR+50. LIBOR for the loan will be re-fixed in exactly one month. The market is quoting:
1x3 USD FRA. 1.95-98%
1x4 USD FRA. 2.07-10%
1x6 USD FRA 2.25-28%
To hedge the next LIBOR fixing, you should:
If 6-month EUR/AUD is quoted at 29/32, which of the following statements is correct?
You are quoting forward FX prices to a broker subject to finding a counterparly for a matching transaction. The Model Code says:
A Eurozone-based bank that is liability-sensitive to market interest rate changes might reduce interest rate risk by:
For which of the following reasons is the extension of forward contracts at non-current rates is discouraged:
i. These could be used to conceal profit or losses.
ii. These could be used to perpetrate fraud.
iii. These could result in an unauthorised extension of credit.
iv. These could result in confusing settlement instructions.
Dealers are allowed to trade for their own account only if:
Confirmations must be sent out
Which position below is NOT a component of common equity Tier 1 capital?
How can options be used to synthesize a short position in the underlying commodity?
When an employee executes a personal trade in advance of a client’s or institution’s order to benefit from the anticipated movement in the market price following the execution of a large trade, it is called:
What is the day count/annual basis convention for euroyen deposits?
You are quoted the following market rates:
Spot USD/JPY 123.65
1M (30-day) USD. 2.15%
1M (30-day)JPY 0.10%
What is 1-month USD/JPY?
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:
Which of the following definitions of a nostro account is correct?