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ACI-Financial 3I0-012 Full Course Free

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Question 92

The seller of a floor:

Options:

A.

Receives compensation if a reference interest rate falls below an agreed level

B.

Pays compensation if a reference interest rate falls below an agreed level

C.

Receives compensation if a reference interest rate rises above an agreed level

D.

Pays compensation if a reference interest rate rises above an agreed level

Question 93

If you take an 18-month USD deposit, when is interest payable?

Options:

A.

Quarterly

B.

At maturity

C.

Semi-annually

D.

After one year and at maturity

Question 94

What is an outright forward FX transaction?

Options:

A.

A spot sale (purchase) and a forward purchase (sale)

B.

A spot sale (purchase) and a forward sale (purchase)

C.

An exchange of currencies on a date beyond spot and at a price fixed today

D.

An exchange of currencies on a date beyond spot

Question 95

Between which departments are clear and structured escalation procedures required for the management of incorrect funding balances?

Options:

A.

Nostro reconciliations, the Cash Management Department and Operations

B.

Front Office, the Cash Management Department and Operations

C.

Front Office, Nostro reconciliations and Operations

D.

Front Office, Nostro reconciliations and the Cash Management Department

Page: 23 / 27
Exam Code: 3I0-012
Exam Name: ACI Dealing Certificate
Last Update: Nov 7, 2024
Questions: 740
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