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PDF 3I0-013 Study Guide

Page: 9 / 14
Question 36

A collateral pool can be defined as:

Options:

A.

Assets lent by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

B.

Liabilities owned by members of a payments system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

C.

Assets owned by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

D.

Assets swapped by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Question 37

The price of a zero coupon, maturing in 2 years, is

Options:

A.

Always close to 100%

B.

Above 100%

C.

Below 100%

D.

Always precisely 100%

Question 38

The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:

Options:

A.

Is based on the interest rate differential between the two currencies

B.

Is based on the same calculation method as the forward rate agreements (FRA)

C.

Is based on linear interpolation

D.

Is based on the calculation of compound interest rates

Question 39

Which of the following is characteristic of derivative instruments?

Options:

A.

Trades are executed in nominal amounts

B.

Derivates are bought and sold only over the counter (OTC)

C.

The final settlement of a derivates trade can only be made by physical delivery

D.

The accounting for derivative instruments is off balance sheet

Page: 9 / 14
Exam Code: 3I0-013
Exam Name: ACI Operations Certificate challenging
Last Update: Apr 17, 2024
Questions: 386
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