ACI 3I0-012 Exam Success: ACI Dealing Certificate Complete Study and Preparation Tips

79.995

79.965

79.895

79.865

Market risk

Settlement risk

Basis risk

Credit risk

Currency risk

Interest rate risk

Operational risk

Credit risk

Falls and rises with the price of the underlying commodity, but is always positive

Rises if the price of the underlying commodity falls and vice versa

Depends solely on the volatility of the price of the underlying commodity

Becomes negative if the market price of the underlying commodity falls below the strike price of the option

Banks should not ask brokers to disclose details of third party transactions unless they are between overseas principals.

Banks should not ask brokers to disclose details of third party transactions unless these transactions are already settled.

Banks should not ask brokers to disclose transactions between third parties in any circumstances.

Banks should not ask brokers for details of third party transactions unless senior management has approved.

It is put at the disposal of the buyer

It is held by the seller in the name of the buyer

It is held by the tn-party agent in the name of the buyer

It is frozen in the sellers account with the tri-panty agent

Commission paid by both parties at rates agreed beforehand

A fee paid by the seller

Bid/offer spread

A share of the bid/offer spread

a five-year liability and a three-month asset

a five-year asset and a three-month liability

a five-year asset only

a three-month liability only

as a given deposit with a term of one month and a taken deposit with a term of four months

as a taken deposit with a term of one month

as a taken deposit with a term of one month and a given deposit with a term of four months

as a given deposit with a term of four months

(i), (ii), (iii), & (iv).

(i), (ii) & (iii).

(i) & (iii).

none of the above.

must be transacted regardless of where the market moved

must be transacted if a broker confirms that the specified rate was reached

cannot be taken as a fixed-price guarantee unless agreed in writing

will always be the stop loss rate, if the order is executed

GBP 10,000

EUR 10,000

GBP 6,990

EUR 6,990

Less than 50% probability

50% probability

More than 50% probability

Zero probability

Long EUR 1.5 m at 1.0984

Short EUP 1.5 m at 1.1036

Long EUR 1.5 m at 1.1012

Short EUR 3.0 mat 1.1025

An exchange ot two streams of interest payments in different currencies and an exchange of the principal amounts of those currencies at maturity

A spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between two parties

An exchange of currencies on a date beyond spot and at a price fixed today

None of the above