Effective Study Techniques for the ACI 3I0-013 Exam

An option traded in USD

An option which can be exercised at any time between the purchase and expiration date

An option based on any US dollar instrument

An option which can be exercised only on its expiry date

can be used to show the counterparty the amounts it has to pay

can be used as the basis of reporting the bank’s position to the relevant central bank of the country concerned, against the limit granted for the bank

can be used as the basis of reporting the bank’s position to the relevant tax regulations office of the country concerned

can be used to adjust the country limits

An account that you hold with another commercial bank

An account that another bank holds with you

An account that you hold with the Bank of England

Your suspense account at the European Central Bank

The funds must be in the nostro account of the beneficiary institution by close of business on the agreed upon value date

The funds must be in the nostro account of the beneficiary institution by the beginning of the next business day

The value of interest to be received is higher than the value of fees to be paid

The funds must be in the internal cash account of the clearing house by close of business on the agreed upon value date

17:00 (5.00 p.m.) Central European Time (CET)

18:00 (6.00 p.m.) Central European Time (CET)

18:30 (6.30 p.m.) Central European Time (CET)

18:30 (6.30 p.m.) CET, but on the last minimum reserve fulfillment day (23rd of a month) 19:30 (7.30 p.m.) CET

It should be based on the days’ past settlement date, value and/or likely compensation

It should be based on the BIC-address and country

It should be based on bilateral limits

It should be based on the relationships of the institutions involved

ISDA

ACI

SIFMA/ICMA

ICMA

Confirmation of the exact processing time of the payment order with the central bank of your counterparty

The strict adherence to the cut-off times of your domestic payment system

Confirmation of the time of processing of the payment order with your own central bank

The strict adherence to the cut-off times for payments made worldwide

0.9925%

0.75%

0.0075%

0.25%

Market-price-risk and replacement risk

Market-price-risk and delivery risk

Replacement risk and delivery risk

Replacement risk and basis risk