All 3I0-012 Test Inside ACI Questions

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Question 100

If the value date of a forward USD/JPY transaction is declared a holiday in either New York or Tokyo, the correct value date will be:

Options:

the value date of the financial centre that is open

the next business day of the financial centre which is closed

the next business day when both New York and Tokyo are open

the previous business day when both New York and Tokyo are open

Question 101

You quote a customer spot AUD/USD at 1.0350-55. The T/N swap is quoted to you at 3/2. The customer asks to buy USD for value tomorrow. What rate should you quote him to break-even against the other rates?

Options:

1.0352

1.0353

1.0347

1.0348

Question 102

Which of the following is always a secured instrument?

Options:

ECP

Repo

Interbank deposit

Question 103

Which of the following does the Model Code mention with regards to recording telephone conversations?

Options:

There is no need to inform new counterparties and clients that conversations will be recorded.

It is normal practice that tapes and other records should be kept for at least twelve months.

The periods for which tapes and other records should be retained should reflect the way in which the terms and conditions of transactions have been agreed, and the duration of transactions.

Dealers and other staff are reminded that telephones and electronic text messaging systems in the firm are intended for business and private use and that conversations and exchanges of text messages should be conducted in a casual manner.

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