3I0-013 Exam Dumps - ACI Operations Certificate challenging

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Question # 41

S.S.I. stands for:

Secure Software Integration

Standard Settlement Instructions

Swiss Spot Index

SWIFT Settlement Instruction

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Question # 42

The premium for a EUR/USD vanilla FX option is paid:

When the option is exercised

Two business days after the trade

When the option transaction takes place, and it is repaid to the buyer when he exercises the option

In monthly installments until the option is exercised

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Question # 43

Depending on the interest rates of the two currencies involved, the forward foreign exchange rate:

Can only be higher or equal to the current spot rate

Can only be lower or equal to the current spot rate

Can never be equal to the current spot rate

Can either be higher, lower or equal to the current spot rate

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Question # 44

Calculation basis for EUR money market transaction is:

30/360

ACT/365

ACT/ACT

ACT/360

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Question # 45

In error, your dealer enters a trade whereby he buys GBP 8,000,000.00 against USD at 1.5500, but manages to cover it at the same rate. When the initial mistaken trade is cancelled, however, the rate has since changed to 1.5200. What is the effect on P&L?

Profit GBP 240,000.00

Loss GBP 240,000.00

Profit USD 240,000.00

Loss USD 240,000.00

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Question # 46

What risks arise from not receiving the securities purchased or not receiving payment for securities sold?

Liquidity, market and counterparty risk

Only a funding risk

Only a liquidity and a funding risk

Settlement, funding and liquidity risk

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