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3I0-012 ACI Exam Lab Questions

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Question 52

The use of mobile phones within the dealing room is not considered good practice except

Options:

A.

In volatile markets.

B.

When dealing with emerging markets.

C.

In an emergency.

D.

When quoting for information only.

Question 53

Where dealing through an intermediary with an unidentified principal, the Model Code recommends:

Options:

A.

It is good practice for compliance, legal or credit functions to identity counterparties before the execution of a deal.

B.

Management should have in place a clearwritten policy and procedures governing such transactions.

C.

Management needs to be aware of the risks involved, particularly with respect to credit exposure and money laundering.

D.

All of the above.

Question 54

Brokers should confirm all transactions:

Options:

A.

Initially by fax or other acceptable electronic means, then in writing.

B.

Only if the deal is between overseas counterparties and for value today.

C.

Only if the transaction is not for a marketable amount.

D.

To both counterparties immediately by fax or other acceptable electronic means.

Question 55

You are quoted the following market rates:

spot EUR/USD. 1.2250

3M (91-day) EUR 2.55%

3M (91-day) USD. 2.00%

What is 3-month EUR/USD?

Options:

A.

1.2232

B.

1.2233

C.

1.2234

D.

1.2267

Page: 13 / 27
Exam Code: 3I0-012
Exam Name: ACI Dealing Certificate
Last Update: Nov 7, 2024
Questions: 740
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