Summer Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: dealsixty

ACI-Financial 3I0-013 Updated Exam

Page: 13 / 14
Question 52

You are an issuer of a straight bond and you want to change your exposure from a fixed rate to a floating rate because you expect a fail in interest rates. What would you do?

Options:

A.

Buy an IRS

B.

Sell an IRS

C.

Buy a FRA

D.

Do nothing because the bond coupon is already a fixed rate

Question 53

The risk that an institution will experience a loss on a trade or a position due to an adverse exchange/interest rate movement is best described as:

Options:

A.

Operational risk

B.

Market risk

C.

Systemic risk

D.

Credit risk

Question 54

What are the communication channels most often used for investigations?

Options:

A.

VoIP

B.

Mail, fax

C.

Phone, SWIFT

D.

Reuter Dealing

Question 55

What is the meaning of settlement (Herstatt) risk?

Options:

A.

The risk a payment order will not be processed due to a power failure in which the disaster recovery back-up system fails

B.

Any amount that is due to be received under a contract should be regarded as a settlement risk until final confirmation of receipt is confirmed

C.

The risk that settlement arrangements will be made with the wrong counterparty

D.

The risk of aborting settlement procedures due to the unavailability of back office staff

Page: 13 / 14
Exam Code: 3I0-013
Exam Name: ACI Operations Certificate challenging
Last Update: Apr 15, 2024
Questions: 386
3I0-013 pdf

3I0-013 PDF

$32  $80
3I0-013 Engine

3I0-013 Testing Engine

$38  $95
3I0-013 PDF + Engine

3I0-013 PDF + Testing Engine

$52  $130