Weekend Sale - Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmaspas7

Easiest Solution 2 Pass Your Certification Exams

3I0-013 ACI Operations Certificate challenging Free Practice Exam Questions (2025 Updated)

Prepare effectively for your ACI 3I0-013 ACI Operations Certificate challenging 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.

Page: 4 / 6
Total 386 questions

A Luxembourg based bank, which regularly buys American securities for its customers, will preferably:

A.

Buy the American securities directly on the NYSE

B.

Open a bank account in the United States

C.

Open an account in a bank in the U.S. that has an account at the NYSE

D.

Buy the securities directly in Luxembourg

What normally happens on the settlement date of a USD/TWD non deliverable forward (NDF)?

A.

Both currencies (USD and TWO) are exchanged

B.

The notional amount is paid out in USD

C.

A cash settlement is paid out in TVVD

D.

A cash settlement is paid out in USD

Herstatt Risk is also known as:

A.

Settlement risk

B.

Translation risk

C.

Replacement risk

D.

Operational risk

If a dealer buys 1,000,000,00 EUR/USD at 1.3522, 2,000,000,00 EUR/USD at 1.3532, 3,000,000.00 EUR/USD at 1.3575 and sells 1,000,000,00 EUR/USD at 1.3585, what position is he left with?

A.

Long 5,000,000.00 EUR/USD at 1.3552

B.

Long 5,000,000.00 EUR/USD at 1.3545

C.

Short 5,000,000.00 EUR/USD at 1.3585

D.

Short 5,000,000.00 EUR/USD at 1.3545

Who is responsible for producing the Model Code?

A.

The Federation of Bankers Associations

B.

The International Foreign Exchange Market Practices Committee

C.

The G7 Committee of Central Banks

D.

ACI - The Financial Markets Association

Which interest convention is used in the bond market for GBP?

A.

ACT/360

B.

ACT/ACT

C.

360/360

D.

ACT/365

A dealer makes the following deals in EUR/USD:

Sells EUR 1,500,000.00 at 1.3560

Buys EUR 3,250,000.00 at 1.3542

Sells USD 2,709,600.00 at 1.3548

Buys USD 1,762,410.00 at 1.3557

What is the dealer's position as a result of these trades?

A.

Short EUR 2,450,000.00 at 1.3528

B.

Long EUR 2,450,000.00 at 1.3528

C.

Long EUR 2,000,000.00 at 1.3532

D.

Long EUR 2,450,000.00 at 1.3525

Two days ago, your dealer sold EUR 500,000.00 against JPY. JPY 62,750,000 were credited to your JPY nostro account. The deal was made at what rate?

A.

At 0.1255

B.

At 1.2550

C.

At 12.5500

D.

At 125.50

If today's spot date were Monday, 1 March, what would be the maturity of a 1-month CHF interbank deposit, assuming that there are no intervening bank holidays?

A.

Tuesday, 30 March

B.

Wednesday, 31 March

C.

Thursday, 1 April

D.

Friday, 2 April

What ought to be done in the event a trade erroneously occurs at an off-market rate?

A.

By agreement between the two counterparties, the trade must be cancelled as soon as practically possible since a rate amendment is prohibited.

B.

By agreement between the two counterparts, the trade should, as soon as practically possible, either be cancelled or have its rate amended to an appropriate market rate.

C.

The off-market rate should be adjusted as soon as possible to the appropriate current market rate and a new authenticated SWIFT confirmation sent immediately to the counterparty.

D.

Nothing need be done, since once a trade is agreed to by the front office it is a binding agreement for both counterparties.

What is the replacement risk of an OTC derivative trade?

A.

The risk that there is no liquid market at the exchange to close a trade

B.

The risk that the present value of a trade will be negative one day prior to value date

C.

The risk that an OTC-derivative product cannot be closed before maturity

D.

The loss incurred if the counterparty defaults

CLS stands for which of the following:

A.

Continuous Linked Settlement

B.

Cash Linked Settlement

C.

Credit Linked Securities

D.

Counterparty Limit System

Which SWIFT message should be used to advise the netting position of a currency resulting from FX, NDF, options and other trades?

A.

MTn99

B.

MT300

C.

MT370

D.

MT670/671

In using futures contracts there is:

A.

Only market risk

B.

Only credit risk

C.

Market risk and credit risk

D.

Market risk, credit risk and delivery risk

The effective Euro overnight reference rate, computed as a weighted average of ail overnight unsecured lending transactions undertaken in the interbank market and computed with the help of the European Central Bank, is called:

A.

EURIBOR

B.

SONIA

C.

EONIA

D.

EURONIA

The payments due on a FRA are settled:

A.

On the trade date

B.

On the maturity date of the FRA

C.

Daily in accruals

D.

On the start date of the FRA

A redemption premium for a bond is:

A.

Always paid in case of an early redemption

B.

Paid, if stipulated in the prospectus, at an early redemption

C.

Always paid at final maturity

D.

Only paid if a bond is redeemed after its initially scheduled maturity

A "turn of the month" deposit would be a transaction:

A.

Value first business day of a month against last business day of the same month

B.

Value last business day of a month against first business day of the next month

C.

Value last business day of a month against last business day of the following month

D.

Value first business day of a month against first business day of the following month

You request use of funds from your agent bank for 1 day on an amount of EUR 100,000,000.00, EONIA was 0.812% and the ECB deposit facility rate is 0.50%. What use of funds settlement amount should you expect?

A.

EUR 1,388.89

B.

EUR 1,561.11

C.

EUR 2,255.56

D.

EUR 2,951.39

Calculation basis for EUR money market transaction is:

A.

30/360

B.

ACT/365

C.

ACT/ACT

D.

ACT/360

Page: 4 / 6
Total 386 questions
Copyright © 2014-2025 Solution2Pass. All Rights Reserved