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3I0-013 – ACI Operations Certificate challenging

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Showing 10–12 of 15 questions

Question 10 (Volume C)

What is a convertible security?

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    A security the owner has the right to convert
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    A security the issuer has the right to redeem
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    A security the owner has the right to redeem
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    A security the issuer has the right to convert
Question 11 (Volume B)

A dealer, seeking to refinance a money market short position in USD, could choose to:

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    Sell EUR/USD or GBP/USD spot
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    Deal Reverse Repos (Reverse Sale and Repurchase Agreements)
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    Place USD in torn next
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    Deal Repos (Sale and Repurchase Agreements)
Question 12 (Volume C)

When an over-the-counter broker executes an order for your bank, what information is required on the confirmation you are sent?

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    The price of the security
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    The price of the security; the role played by the broker
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    The price of the security; the role played by the broker; and the commission, if any, that was charged
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    The price of the security; the role played by the broker; the commission, if any, that was charged and the security that was bought or sold