Free 3I0-012 – ACI Dealing Certificate Practice Test Question

Free demo downloads

Loading demo links...

Showing 19–20 of 20 questions

Question 19 (Volume F)

If I say that I have “bought and sold” EUR/USD in an FX swap, what have I done?

Select an option, then click Submit answer.

  • ○

    Bought EUR and sold USD spot, and sold FUR and bought USD forward

  • ○

    Bought EUR/USD spot and sold EUR/USD forward
    Taken a EUR loan in exchange for making a USD loan with the same counterparly

  • ○

    All of the above

Ask AI for More Explanation

— your own AI account, opens inside the app
Question 20 (Volume D)

Which of the following statements about “standard settlement instructions” (SSI) is correct?

Select an option, then click Submit answer.

  • ○

    The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.

  • ○

    SSIs should be stored and maintained in the bank’s general static data system.

  • ○

    Each institution should have a separate SSI team to prevent I minimise the potential risk of fraud.

  • ○

    SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.

Ask AI for More Explanation

— your own AI account, opens inside the app

People also interested in these Practice Tests