ACI - Operations Certificate - 3I0-010 Exam Practice Test

Which SWIFT message type is a nostro cash reconciliation software package based on?
Correct Answer: A
What does LIBOR stand for?
Correct Answer: B
Under normal circumstances, which of the following is a non-negotiable instrument?
Correct Answer: B
You find that you have paid an amount to the wrong counterparty. What action should you take?
Correct Answer: D
The price of a zero coupon, maturing in 2 years, is
Correct Answer: C
The purchase price of a coupon bond
Correct Answer: B
Which ONE of the following excerpts completes this statement of a best market practice? "Any exception to the confirmation process should be resolved..."
Correct Answer: D
The coupon of this type of bond can be based on a country`s CPI (Consumer Price Index):
Correct Answer: C
What is the most frequently used settlement process for securities?
Correct Answer: D
Experience has shown that recourse to taped telephone conversations proves invaluable to the speedy resolution of disputes. Therefore, the Model Code recommends:
Correct Answer: C
What is a junk bond?
Correct Answer: D
If today's spot date were Friday, 27 February, what would the normal one-month deposit maturity date be? (Assume there are no bank holidays)
Correct Answer: C
A dealer belongs to:
Correct Answer: A
An interest rate CAP can be defined as:
Correct Answer: A
Who produces the London Code of Conduct?
Correct Answer: B
Your dealer has sold EUR 5,000,000.00 against USD at 1.0945. How much would you expect to receive in settlement?
Correct Answer: D
Which of the following statements is correct?
Correct Answer: D
What are the three successive stages of money laundering?:
Correct Answer: D
If a spot next EUR/USD FX swap is traded on Monday, 18 August, and there are no holidays in the relevant currencies during the week of August 18 - 22 what would be the value dates of the two swap legs?
Correct Answer: D
The interest rate below which the coupon for a FRN may not be fixed is called the:
Correct Answer: B
Which action results in the highest STP-Rate?
Correct Answer: D
Where is the bank with the BIC-address "BOJPJPJT" located?
Correct Answer: D
Your dealer bought a 6x9 USD 4,000,000.00 FRA at 6.75%. Settlement is now due and 3 months (90 days) USD LIBOR is 5.50%. What amount do you pay or receive?
Correct Answer: D