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Free 3I0-013 – ACI Operations Certificate challenging Practice Test Question

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Showing 1–3 of 15 questions

Question 1 (Volume D)

Calculation basis for EUR money market transaction is:

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    30/360
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    ACT/365
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    ACT/ACT
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    ACT/360
Question 2 (Volume B)

Experience has shown that recourse to taped telephone conversations proves invaluable to the speedy resolution of disputes. Therefore, the Model Code recommends:

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    That all telephone conversations (internal and external) be taped without informing counterparties
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    That only conversations undertaken by dealers and brokers should be recorded
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    That all conversations undertaken by dealers and brokers should be recorded, together with back office telephone lines used by those responsible for confirming deals or passing payments to other institutions
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    That only telephone conversations between dealers and brokers be recorded
Question 3 (Volume C)

What type of documentation is recommended for repos in the international markets?

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    The SEC Emergency Short Sale Rules
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    The ISDA Master Agreement
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    The Global Master Repurchase Agreement published by the ICMA
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    An International Securities Lending Agreement