ACI Dealing Certificate 3I0-012 Exam Dumps

1. If a counterparty refuses to pay the profit due to you on a derivatives transaction and argues that you dealt with an unauthorised member of their treasury staff, what type of risk are you exposed

2. Which of the following are required under Basel III?

3. Under the standardised approach within the Basel framework, what are the risk weights on the banking book for the following risk types, respectively?

a) government risk with a rating of AA-

b) unrated foreign government risk

c) non-financial corporates with a BBB rating

4. Which one of the following situations is an example of wrong way risk?

5. Under Basel Rules the Basic Indicator Approach is a regulatory framework for

6. VaR increases with:

7. The Model Code rules that deals at non-current rates:

8. What does the Model Code recommend when setting the rates for an FX swap to extend its maturity:

9. With respect to operational risk, which one of the following is pp a valid reason for a prime-broker to reject a trade given up?

10. What static data should an institution’s on-boarding procedure include?

11. According to the Model Code, who should be informed first about a dispute between a dealer and a broker?

12. In order to give a price in EUR/USD, the broker must:

13. The use of standard settlement instructions (SSI’s) is strongly encouraged because:

14. Counterparties, such as prime brokers, who provide others access to liquidity venues are responsible for their end users.

They are not liable for:

15. You hear from several counterparties that a major market participant has taken major losses on long USD/JPY positions. You know the reports are false, as you have in fact bought large amounts of USD/JPY from that very firm.

16. What guidelines does the Model Code provide concerning the practice in the interbank market of only one party to a transaction sending a written confirmation?

17. Where voicemail equipment is used for the reporting and recording of off-premises transactions, voice mail should be:

18. What should a dealer say to express his commitment to putting an additional bid or offer at a current bid or offer price already quoted by his broker?

19. Which one of the following statements about “CLS rescinds” is correct?

20. Operational efficiency, STP rates, quality and control effectiveness are the main indicators of operational performance.

With whom and how often should they be reviewed?