最新的ACI 3I0-012免費考試真題

問題1

You have made a price by a Japanese bank in (SD 2,000,000.00 against JPY. They made you
98.95-03 and you took the offer. USD/JPY is now quoted 98.78-81 and you square your position.
What is your profit or loss?

A. LossofJPV 500.000

B. Loss of JPY 340.000

C. Profit of JPY 340.000

D. Profit of JPY 1.500,000

正確答案: A

問題2

Using reprising gap analysis, a bank's balance sheet is considered liability-sensitive to market interest rate changes, if:

A. more assets than liabilities will be reprised in the near term

B. more assets than liabilities have variable rates or short residual maturities

C. non-interest bearing liabilities are greater than non-interest bearing assets

D. more liabilities than assets will be reprised in the near term

正確答案: D

問題3

3-month USD/CHF is quoted at 112/110. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?

A. 106/104

B. 118/116

C. 109/107

D. unchanged

正確答案: B

問題4

A dealer has indicated his intention of assigning an interest rate swap to a third party soon after transacting that swap. When about to execute an assignment

A. The dealer should seek the permission of the assignee before releasing the name to the original counterparty.

B. The dealer is entitled to provide the name of the original counterparty to the assignee.

C. The dealer should seek the permission of the original counterparty before releasing the name to the assignee.

D. The dealer is entitled to provide the name of the assignee to the original counterparty.

正確答案: A

說明：（僅 Fast2test 成員可見）

問題5

Spot cable is quoted at 1.6048-53 in the brokers and you quote a customer 1.6050-55 in USD 3 million, If they sell USD to you, how much GSP will you be short of?

A. 1.868,576.77

B. 4,815,900.00

C. 1,868,809.57

D. 4,816,500.00

正確答案: A

問題6

What is replacement cost a function of?

A. Both of the above

B. None of the above

C. Credit risk

D. Market risk

正確答案: C

問題7

You quote a price to a broker on EUR 100 million. Your price is hit for EUR 50 million. What does the Model Code say about this situation?

A. You have a right to qualify your quotes in terms of amounts.

B. You have a right to qualify your quotes in terms of amounts, if you do so when you make the price.

C. You have a right to qualify your quotes in terms of amounts, once you have discovered the name of the counterparty for credit reasons.

D. You have a right to qualify your quotes in terms of amounts, provided the amounts are marketable.

正確答案: B

問題8

Mark-to-market' in a repo means:

A. Calculating net present value

B. Revaluing collateral

C. Revaluing collateral versus cash

D. Calculating the net replacement cost

正確答案: C

問題9

What should a dealer say to express his commitment to putting an additional bid or offer at a current bid or offer price already quoted by his broker?

A. "par", or "parity"

B. same way"

C. me too"

D. "join at", or "support at"

正確答案: D

問題10

When a deal is done via a broker:

A. it should also be confirmed directly between the two counterparties

B. it is important to note that broker confirmations are bilateral confirmations between the principals of the trade

C. the dealer should obtain acknowledgement that the deal has been agreed to but may assume agreement to the trade in the absence of such acknowledgement

D. it need not be confirmed between the counterparties as the broker confirms it immediately with both counterparties

正確答案: A

問題11

You are paying 5% per annum paid semi-annually and receiving 6-month LIBOR on a USD 10 million interest rate swap with exactly two years to maturity. 6-month LIBOR for the next payment date is fixed today at 4.95%. How would you hedge the swap using FRAs? How to hedge an IRS with a strip of FRAs?

A. buy a strip of 6x12, 12x10 and 16x24 FRAs

B. buy a strip of 0x6, 6x12, 12x18 and 18x24 FRAs

C. sell a strip of 6x12, 12x18 and 18x24 FRAs

D. sell a strip of 0x6, 6x12, 12x18 and 18x24 FRAs

正確答案: C

問題12

What is the purpose of the Liquidity Coverage Ratio?

A. to mitigate market replacement risk across markets

B. to ensure that banks have enough high-quality liquid assets to survive a 30-day period of acute market stress

C. to minimize duration risk on a bank's assets over a one-year horizon

D. to eliminate funding mismatches by establishing a minimum acceptable amount of stable funding

正確答案: B

問題13

You are quoted the following market rates:
spot EUR/CHF 1.1005
6M (180-day) EUR 3.45%
6M (180-day) CHF 1.25%
What are the 6-month EUR/CHF forward points?

A. +120

B. -116

C. -119

D. +121

正確答案: C

問題14

You are paying 5% per annum paid semi-annually and receiving 6-month LIBOR on a USD 10,000,000.00 interest rate swap with exactly two years to maturity. 6-month LIBOR for the next payment date is fixed today at 4.95%. You expect 6-month LIBOR in 6 months to fix at 5.25%, in 12 months at 5.35% and in 18 months at 5.40%. What do you expect the net settlement amounts to be over the next 2 years? Assume 30-day months.

A. Pay 2,500.00, receive 12,500.00, receive 17,500.00, receive 20,000.00

B. Receive 2,500.00, pay 12,500.00, pay 17,500.00, pay 20,000.00

C. Pay 250.00, receive 1,250.00, receive 1,750.00, receive 2,000.00

D. Receive 250.00, pay 1,250.00, pay 1,750.00, pay 2,000.00

正確答案: A

最新的ACI Dealing Certificate - 3I0-012免費考試真題

聯系我們

站內鏈接

最新更新