ACI 3I0-010 Exam Practice Test Instant Access

Question 1

When should discrepancies between front-office and back-office systems be resolved?

Aby the end of the trading day

Bon the next business day

Con the value date

Das soon as they become apparent

Answer : D

Question 2

You have just opened a position in EUR/USD that you run overnight. What risk is present?

Asettlement, counterparty and equity risk

Bonly counterparty risk

Conly currency and interest rate risks

Dsettlement, counterparty and market risk

Answer : D

Question 3

On 15 April 2010 you buy a bond whose coupon falls on 15 January 2010. The interest basis is 30/360. Using bond settlement T+1, how many days do you apply for the interest calculation?

A89 days

B90 days

C91 days

D92 days

Answer : C

Question 4

Which of the following is considered a non-negotiable instrument?

ACertificate of Deposit (CD)

BFRA

CUS Treasury Note

DECP

Answer : B

Question 5

The tenor of a bill of exchange describes:

Athe original rate of the bill

Bthe rate at which the bill is bought

Cthe time to maturity of the bill

Dthe date on which the bill matures

Answer : C

Question 6

An input message for the SWIFT network is composed of up to which five parts?:

A1. basic header block, 2. communication header block, 3. currency block, 4. text block, 5. trailers block

B1. basic header block, 2. application header block, 3. user header block (optional), 4. text block, 5. trailers block

C1. sending header block, 2. application header block, 3. user header block, 4. text block (optional), 5. transmission block

D1. basic header block, 2. system header block (optional), 3. user header block, 4. text block, 5. security block

Answer : B

Question 7

If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?

AWednesday against Thursday

BThursday against Friday

CFriday against Monday

DMonday against Tuesday

Answer : C

ACI Operations Certificate 3I0-010 Exam Practice Test