ACI 3I0-010 Exam Questions Instant Access

Question 1

The risk that an institution will experience a loss on a trade or a position due to an adverse exchange/interest rate movement is best described as:

Aoperational risk

Bmarket risk

Csystemic risk

Dcredit risk

Answer : B

Question 2

The coupon of this type of bond can be based on a country`s CPI (Consumer Price Index):

A'step up' bonds

Bindex linked bonds

Cpremium bonds

Dpar bonds

Answer : B

Question 3

When is the "final settlement" cut-off for interbank payments using TARGET?

A19:00 (7.00 p.m.) Central European Time (CET)

B18:00 (6.00 p.m.) Central European Time (CET)

C18:30 (6.30 p.m.) Central European Time (CET)

D18:30 (6.30 p.m.) CET, but on the last minimum reserve fulfilment day (23rd of a month) 19:30 (7.30 p.m.) CET

Answer : B

Question 4

What does "arrange good value payment"mean?

Ato cancel an initial payment order and to process a new one with a higher amount

Bto suspend a payment order until the balance becomes positive again

Cto adjust the amount of fees to be paid

Dto change the value date of a payment order

Answer : D

Question 5

Internal nostro ledger accounts

Aare commonly used to register off-balance sheet movements

Bare used to book internal tax related items

Cgenerally mirror the nostro statements

Dare reserved for audit purposes only

Answer : C

Question 6

The owner of a convertible bond

Ahas the obligation to convert his bond

Bhas the right to convert his bond

Cmust wait for the decision of the issuer if he wants to convert his bond

Dhas the obligation to convert the coupon into a variable or a fixed rate

Answer : B

Question 7

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

AMT 202 and MT 103

BMT 202 and MT 210

CMT 200 and MT 103

DMT 103 and MT 210

Answer : A

ACI Operations Certificate 3I0-010 Exam Questions