최신 3I0-010 무료덤프 - ACI - Operations Certificate

문제1

Your forward CHF dealer asks you, the junior settlements clerk, to amend revaluation rates for the forward CHF book before they are submitted to the risk management department for input. What should you do?

A. refuse to amend the rates, but say nothing

B. refuse and report the incident to your colleague

C. amend the rates as requested

D. refuse and report the incident to your superior

정답: D

문제2

Open position and exchange risk management by currency belongs to which treasury system module?

A. the FX spot and forward dealing input and processing module

B. standard back office features

C. the securities trading and processing module

D. the derivatives dealing and processing module

정답: A

문제3

Which of the following is true about interest rate swaps?

A. Payment netting is only allowed through a third party

B. The notional amount of the swap is generally not exchanged between counterparties

C. There is exchange of principal at the start and at the end of the swap

D. The fixed rate and the floating rate payers know the cash value of their payments at the outset

정답: B

문제4

Which SWIFT message type is NOT accepted in TARGET2?

A. SWIFT message type 202

B. SWIFT message type 204

C. SWIFT message type 103+

D. SWIFT message type 210

정답: D

문제5

The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:

A. is based on linear interpolation

B. is based on the interest rate differential between the two currencies

C. is based on the same calculation method as the forward rate agreements (FRA)

D. is based on the calculation of compound interest rates

정답: B

문제6

The use of netting in foreign exchange dealings has increased because it reduces:

A. interbank payments, counterparty credit risk exposure, as well as the amount of capital allocated to foreign exchange activity

B. the volume of confirmations that have to be sent to the counterparties

C. the potential foreign exchange trading losses incurred by banks

D. foreign exchange dealing limits and the currency risk exposure of the banks

정답: A

문제7

The risk associated with the failure of the overall financial system is best described as:

A. market Risk

B. operational Risk

C. credit Risk

D. systemic Risk

정답: D

문제8

A broker:

A. is responsible for reducing transaction fees

B. is an agent who mediates between buyers and sellers, for their mutual financial interest

C. acts as a correspondent bank

D. controls country limits in cooperation with the compliance officer

정답: B

문제9

The control failings involving Barings and Daiwa highlight the critical importance of what operational risk management practice?

A. model signing-off and implementation controls

B. the separation between front/back office duties

C. the existence of contingency plans

D. the taping of conversations between counterparties

정답: B

문제10

When is the settlement amount of a FRA normally payable?

A. on the maturity (final) date

B. on the trade date

C. at any time before the contract's maturity date

D. at the beginning of the forward period

정답: D

최신 3I0-010 무료덤프 - ACI - Operations Certificate

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