ACI 3I0-013 - ACI Operations Certificate challenging Exam

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Total 386 questions

You take a EUR deposit on Monday, 13 February. Assuming there are no intervening bank holidays, what is the one-month maturity date?

  • A. Monday, 13 March
  • B. Tuesday, 14 March
  • C. Wednesday, 15 March
  • D. Thursday, 16 March


Answer : C

A broker:

  • A. Is an agent who mediates between buyers and sellers, for their mutual financial interest
  • B. Controls country limits in cooperation with the compliance officer
  • C. Is responsible for reducing transaction fees
  • D. Acts as a correspondent bank


Answer : A

What does “modified following business day convention” mean?

  • A. A convention whereby a transaction is dated the following business day, unless that day extends into the next month, in which case it is dated the preceding business day
  • B. A convention whereby a transaction is dated the following business day
  • C. A convention whereby a transaction is dated the preceding business day
  • D. A convention whereby a transaction is dated the next business day that corresponds to the same numerical day of the month as the preceding payment


Answer : A

What does ISDA stand for?

  • A. International Swaps and Derivatives Association
  • B. Integrated System Data Association
  • C. International Swap Derivatives Agreement
  • D. International Swaps Dealer Association


Answer : A

What is volatility?

  • A. The difference between the current price of an asset and its previous close
  • B. A statistical measure of price fluctuations as an annualized percentage
  • C. The measure of the liquidity of a contract or security
  • D. The difference between the annual high and low of a security


Answer : B

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Total 386 questions