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3I0-012 – ACI Dealing Certificate

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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?

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    Bought EUR and sold USD spot, and sold FUR and bought USD forward
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    Bought EUR/USD spot and sold EUR/USD forward
    Taken a EUR loan in exchange for making a USD loan with the same counterparly
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    All of the above
Question 20 (Volume D)

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

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    The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.
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    SSIs should be stored and maintained in the bank’s general static data system.
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    Each institution should have a separate SSI team to prevent I minimise the potential risk of fraud.
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    SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.