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Free Access ACI 3I0-012 New Release

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Question 84

Which SWIFT message should be used to advise the netting position of a currency resulting from FX, NDF, options and other trades?

Options:

A.

MTn99

B.

MT300

C.

MT370

D.

MT670/671

Question 85

Under Basel rules, what is the meaning of LGD?

Options:

A.

Loss Given Default

B.

Liquidity Given Distress

C.

Limit Given Default

D.

Loss Given Distress

Question 86

You are entering into a swap as a fixed rate receiver with Party A and into an offsetting position with party B. All other things being equal, which of the scenarios below will lead to the greatest increase in the sum of the Credit Value Adjustments for A and B?

Options:

A.

upward shift of the swap curve and rating downgrade of party A

B.

downward shift of the swap curve and rating downgrade of party A

C.

downward shift of the swap curve and rating downgrade of party B

D.

downward shift of the swap curve only

Question 87

You are quoted the following market rates:

Spot EUR/USD 1.3010

6M (181-day) EUR 0.30%

6M (181-day) USD 0.50%

What is 6-month EUR/USD?

Options:

A.

1.2993

B.

1.3023

C.

1.3141

D.

1.4323

Page: 21 / 27
Exam Code: 3I0-012
Exam Name: ACI Dealing Certificate
Last Update: Mar 29, 2024
Questions: 740
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