最新的ACI 3I0-008免費考試真題

問題1

Click on the Exhibit Button to view the Formula Sheet. Which of the following is not true?

A. The Model Code is an attempt to deal with the legal issues relating to every conceivable financial instrument.

B. The Model Code sets out the practicalities of dealing in those financial instruments listed in the Model Code.

C. The Model Code is published by ACI's Committee for Professionalism.

D. The Model Code sets out the manner and spirit in which foreign exchange and money market business should be conducted in order that participants maintain high standards of professionalism, integrity and ethical conduct.

正確答案: A

問題2

Click on the Exhibit Button to view the Formula Sheet. A bond is trading 50 basis points special for 1 week, while the 1-week GC repo rate is 3.25%. If you held GBP 10,500,000 of this bond, what would be the cost of borrowing against it in the repo market?

A. GBP 5,537.67

B. GBP 6,544.52

C. GBP 1,006.85

D. GBP 7,551.37

正確答案: A

問題3

Click on the Exhibit Button to view the Formula Sheet. Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:

A. As soon as possible.

B. Within 24 hours of the deal.

C. Before the value date.

D. Within two business days of the deal.

正確答案: A

問題4

Click on the Exhibit Button to view the Formula Sheet. When dealing with a fund manager, who will allocate shares in a transaction to his unknown clients after the transaction has been executed with you, you should:

A. Insist on the allocation being made and confirmed before the transaction is executed.

B. Agree in writing with the fund manager that the allocation will be confirmed as soon as practicable after the transaction is executed.

C. Agree in writing with the fund manager that he will guarantee the transaction until the allocation is confirmed.

D. Any of the above.

正確答案: B

問題5

Click on the Exhibit Button to view the Formula Sheet. How can options be used to synthesise a short position in the underlying commodity?

A. A short put option + short call option at the same strike price

B. A short put option + long call option at the same strike price

C. A long put option + long call option at the same strike price

D. A long put option + short call option at the same strike price

正確答案: D

問題6

Click on the Exhibit Button to view the Formula Sheet. 3-month EUR/USD FX swaps are quoted to you at 15/19. If the "points are in your favour", what have you done?

A. Made the quote

B. Sold and bought 3-month EUR/USD through the swap

C. Cannot say

D. Bought and sold 3-month EUR/USD through the swap

正確答案: D

問題7

Click on the Exhibit Button to view the Formula Sheet. What is meant by "short dates"?

A. Maturities of less than one month.

B. Maturities in the same calendar month.

C. Maturities of less than one week.

D. Maturities of less than one year.

正確答案: A

問題8

Click on the Exhibit Button to view the Formula Sheet. Which of the following statements is true?

A. Banks should not ask brokers to disclose details of third party transactions unless they are between overseas principals.

B. Banks should not ask brokers to disclose details of third party transactions unless these transactions are already settled.

C. Banks should not ask brokers for details of third party transactions unless senior management has approved.

D. Banks should not ask brokers to disclose transactions between third parties in any circumstances.

正確答案: D

問題9

Click on the Exhibit Button to view the Formula Sheet. What is a Vostro account?

A. An account in your bank used for internal transactions

B. A customer's account at your bank

C. A foreign bank's account in your bank in your domestic currency

D. Your account at another bank

正確答案: C

問題10

Click on the Exhibit Button to view the Formula Sheet. Brokers shall not reveal the identity of a counterparty unless:

A. They are forced to do so.

B. They are asked by their senior management to do so.

C. They know the counterparty very well.

D. Explicitly authorised to do so by the counterparty.

正確答案: D

問題11

Click on the Exhibit Button to view the Formula Sheet. How can options be used to synthesise a short position in the underlying commodity?

A. A short put option + short call option at the same strike price

B. A short put option + long call option at the same strike price

C. A long put option + long call option at the same strike price

D. A long put option + short call option at the same strike price

正確答案: D

問題12

Click on the Exhibit Button to view the Formula Sheet. What are IMM dates?

A. The third Wednesdays of March, June, September and December.

B. The third Wednesdays of January, April, July and October.

C. The 10th of March, June, September and December.

D. The Mondays before the third Wednesdays of March, June, September and December.

正確答案: A

問題13

Click on the Exhibit Button to view the Formula Sheet. In the international market, a FRA in USD is usually settled with reference to:

A. BBA LIBOR

B. Fed funds

C. ISDA LIBOR

D. EURIBOR

正確答案: A

問題14

Click on the Exhibit Button to view the Formula Sheet. Basis risk on a futures contract is:

A. The progressive illiquidity of a futures contract as it approaches expiry

B. The risk of an adverse change in the futures price

C. The risk of an adverse change in the spread between futures and cash prices

D. The risk of a divergence between the futures price and the final fixing of the underlying interest rate

正確答案: C

最新的ACI DEALING CERTIFICATE - 3I0-008免費考試真題

聯系我們

站內鏈接

最新更新