Exam Code: 3I0-010
Exam Name: ACI - Operations Certificate
Updated: Nov 16, 2024
Q&As: 342
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Confirmation is a function that can be performed by:
A. any dealer as long as he/she is not a party to the trade
B. back-office staff
C. dealing room staff who is not currently dealing
D. any staff outside the dealing room
When completing a nostro reconciliation, what does an outstanding statement credit possibly signify?
A. the non-receipt of funds from a counterparty
B. the non-payment of funds to a counterparty
C. the duplicate payment of funds by a counterparty
D. the duplicate receipt of funds from a counterparty
Settlement risk is:
A. the risk that a bank makes its payment but does not receive a return payment in the exchanged currency
B. the risk that exchange rates move against a banks position
C. the risk a counterparty defaults on a contract and a bank has to replace that contract at adverse rates
D. the risk of a disaster that disables a bank's trading floor
What is the maximum term London Certificates of Deposit are issued?
A. 12 months
B. 18 months
C. 5 years
D. 2 years
Today, the spot value for a USD deposit is Wednesday, 29 February. What is the 4 months maturity date? (Assume that there are no bank holidays)
A. Thursday, 27 June
B. Friday, 28 June
C. Saturday, 29 June
D. Monday, 1 July
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