最新的ACI - Operations Certificate - 3I0-010免費考試真題

A. if the net balance on a nostro account is higher than the amount agreed upon with your counterparty

B. if you have credit balances on several nostro accounts and have to use these balances to cover your outstanding payment orders

C. if your nostro A shows a debit whereas your nostro B shows a credit balance, you allow correspondent B to use your credit balance to work with, in order to receive credit interests to partially or totally cover the overdraft interests on nostro A.

D. if at the end of a month, you want to collect the credit balances and to ask for credit interest

A. the official successor to LIBOR rates

B. a rate used for the settlement of USD FRAs between European counterparties

C. daily fixing of EUR interest rates within the EMU zone

D. daily fixing of EUR interest rates in London

A. the rate at which the bill is bought

B. the time to maturity of the bill

C. the date on which the bill matures

D. the original rate of the bill

A. none of the above

B. exactly 1 million

C. less than 1 million

D. there is no credit exposure

A. an option which can be exercised at any time between the purchase and expiration date

B. an option which can be exercised only at maturity

C. an option based on any US dollar instrument

D. an option traded in USD

A. The settlement amount is the sum of the redemption value plus all coupons paid by the issuer.

B. On a coupon date, if the bond quotes at par, the settlement amount and the face value will be identical.

C. If the yield and the coupon are exactly the same, the settlement amount and the face value will be identical.

D. The settlement amount is always calculated using the redemption price.

A. has the obligation to convert the coupon into a variable or a fixed rate

B. has the obligation to convert his bond

C. has the right to convert his bond

D. must wait for the decision of the issuer if he wants to convert his bond

A. to handle interbank liquidity more efficiently

B. to accelerate cross-border payments

C. to simplify domestic payments

D. to minimize settlement risks

A. TARGET

B. Clearstream Banking Luxembourg

C. Euroclear

D. ELS

A. SFA

B. the Bank of England

C. FSA

D. ACI

A. You will pay a cash settlement to the counterparty

B. You will receive the cash settlement

C. There is insufficient information to make a determination

D. There is no cash settlement pending

A. the price the buyer of the option pays to the seller when entering into the options trade

B. the price at which the transaction on the underlying instrument will be carried out if the option is exercised

C. the price of the underlying instrument at the time of the transaction

D. the price at which the two counterparties can close out their position