ACI Operations Certificate challenging
Last Update Apr 28, 2024
Total Questions : 386
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Commercial Paper for USD 5,000,000.00 was issued at 0.75%, which you now buy to yield 0.50%. What would you expect to pay?
You have two nostro accounts in USD, one account is long USD 5,000,000.00 and the other is short USD 5,000,000.00. What action should be taken to reconcile the accounts?
In trade confirmation, which one of the following statements about “matching” is correct?
Who is in charge of maintaining complete records of all transactions and any additional documentation in accord with internal guidelines and regulatory requirements?
A large corporate client sends you a case of expensive wine as a reward for settling a compensation case in their favor. What should you do?
Open position and exchange risk management by currency belongs to which treasury system module?
What are the consequences for credit risk when a collateral agreement is added to a netting agreement?
Why should the maturity profile of unreconciled items be frequently reviewed?
As far as interest rate swaps are concerned, which risk is reduced or eliminated when a close-out netting agreement is in place?
Under normal circumstances, which of the following is a non-negotiable instrument?
Bank A has a large number of forward OTC trades with Bank B. What risks will be reduced by concluding a netting agreement?
The use of netting in foreign exchange dealings has increased because it reduces:
Today is Monday, 8 December. You sell a 9x12 FRA in EUR. When will the settlement amount be paid or received, assuming that there are no bank holidays?
Which of the following is an example of a foreign currency nostro account from the perspective of a bank in London?
When completing a nostro reconciliation, what does an outstanding statement credit possibly signify?
If the back office staff receive a trade that is incomplete, which information is absolutely essential for processing the trade?
In the event that standard settlement instructions are provided by a third party, full authentication and authorization of those SSIs should be independently performed by?
You request use of funds from your agent bank for 1 day on an amount of EUR 100,000,000.00, EONIA was 0.812% and the ECB deposit facility rate is 0.50%. What use of funds settlement amount should you expect?
Your dealer has sold EUR 5,000,000.00 against USD at 1.3545. How much would you expect to receive in settlement?
A UK Treasury Bill has 91 days to maturity. Its redemption value is GBP 100,000.00, What is the purchase price of this bill using a discount rate of 1,25% per annum?
What risks arise from not receiving the securities purchased or not receiving payment for securities sold?
In a scenario where long-term interest rates are higher than short-term interest rates, the yield curve would best be described as:
Which one of the following statements regarding “single changes to default SSIs” is correct?
A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would you expect to pay?
You spot a rate discrepancy between you and your counterparty on a AUD/USD deal. The deal was traded direct. You refer the discrepancy to the dealer and he tells you to change the rate.
What should you do?
What are the principal functionalities of interbank funds transfer systems?
By what means should a financial institution preferably submit SSI changes and notifications to its clients?
If not mentioned in the master agreement, the operational process should be supported by establishing a legally binding netting agreement. What do parties not need to agree upon?
If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?
TESTED 29 Apr 2024
