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3I0-012 – ACI Dealing Certificate

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Showing 7–9 of 20 questions

Question 7 (Volume E)

If a 12-month AUD/NZD swap is quoted 53/47, which of the following statements would you consider to be correct?

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    12-month AUD rates are higher than 12-month NZD rates
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    12-month AUD rates are lower than 12-month NZD rates
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    Spot AUD/NZD will be higher by approximately 50 points in 12 months
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    The AUD yield curve is positive, whilst the NZD curve is negative
Question 8 (Volume D)

If you lend for 3 months and borrow for 6 months, you may be said to:

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    Be over-lent
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    Have a negative gap
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    Be exposed to higher interest rates
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    Be over-borrowed
Question 9 (Volume E)

What is the recommended follow-up procedure in case of a settlement discrepancy?

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    All investigation cases should be handled within the same day
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    All investigation cases should be handled within 2 days
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    Investigation cases received before noon should be handled within the same day and those received after midday should be handled before noon the next day
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    Investigation cases received before noon should be handled within the same day and those received after midday within 24 hours