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Education
2020 Latest ACI 3I0-013 Exam Questions - ACI 3I0-013 Dumps
A CI
Exam 3I0-013
ACI Operations Certificate challenging
Verson: Demo
[ Total Questions: 10 ]
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Topic break down
Topic No. of Questions
Topic 1: Volume A 4
Topic 2: Volume B 2
Topic 3: Volume C 3
Topic 4: Volume D 1
2
Topic 1, Volume A
Question No : 1 - (Topic 1)
Which SWIFT message formats would you use for a foreign exchange confirmation and
fixed money market confirmation, respectively?
A. MT 400, MT 950
B. MT 200, MT 100
C. MT 300, MT 950
D. MT 300, MT 320
Answer: D
Question No : 2 - (Topic 1)
The organization “SWIFT” belongs to:
A. The members of the system (member-owned cooperative)
B. The European Banking Federation based in Brussels
C. The European Central Bank
D. The IMF
Answer: A
Question No : 3 - (Topic 1)
You spot a rate discrepancy between you and your counterparty on a AUD/USD deal. The
deal was traded direct. You refer the discrepancy to the dealer and he tells you to change
the rate.
What should you do?
A. Amend the rate yourself
B. Ask the settlements clerk to amend the rate for you
C. Ask the dealer to manually amend the rate on the ticket and then pass it to the
settlements clerk to amend
D. Make no amendment
3
Answer: C
Question No : 4 - (Topic 1)
Which of the following BIC-addresses belongs to a bank based in Germany?
A. FRNYUS33
B. ECBFDEFF
C. BCLXLULL
D. SNBZCHZZ
Answer: B
Topic 2, Volume B
Question No : 5 - (Topic 2)
As far as interest rate swaps are concerned, which risk is reduced or eliminated when a
close-out netting agreement is in place?
A. Replacement risk
B. Volatility risk
C. Commercial risk
D. Market risk is reduced to a predefined amount
Answer: A
Question No : 6 - (Topic 2)
You are in the pub with a friend who works for another financial institution. The friend asks
you for information about a mutual customer's forward foreign exchange dealing volumes.
What should you do?
A. Tell him all you know
B. Tell him nothing
C. Give him some of the information because the deal involves a mutual customer
D. Tell him you will investigate and get back to him with the information
4
Answer: B
Topic 3, Volume C
Question No : 7 - (Topic 3)
The fixing of a EUR FRA usually takes place:
A. At the end of the FRA period
B. When the deal is done
C. Two business days before the start date of the FRA period
D. On the third Monday of the contract month
Answer: C
Question No : 8 - (Topic 3)
In what order would the currencies of the major currency pairs generally be quoted in
forex?
A. EUR/USD, USD/JPY, USD/GBP, USD/CHF, USD/CAD, USD/AUD
B. EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD
C. EUR/USD, USD/JPY, GBP/USD, USD/CHF, CAD/USD, AUD/USD
D. EUR/USD, USD/JPY, GBP/USD, USD/CHF, CAD/USD, USD/AUD
Answer: B
Question No : 9 - (Topic 3)
What documents and/or information should you hold in order to start an investigation?
A. From the counterparty: the trade confirmation, In-house: the trade confirmation, nostro
reconciliation details, the dealing ticket and eventually dealing-system conversation printout
B. From the counterparty: the dealers name and phone number. In-house: dealer's name
as well as the exact time the deal was processed
C. From the counterparty: the trade confirmation, In-house: the open item list, nostro
reconciliation details and the dealing ticket
5
D. From counterparty: the balance report and the trade confirmation; In-house: the dealing-
system conversation printout
Answer: A
Topic 4, Volume D
Question No : 10 - (Topic 4)
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
Answer: B
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