ACI 3I0-008 dumps - 100% Pass Guarantee!

Click on the Detail Button to view the Formula Sheet. EURIBOR is the:

A. Daily fixing of EUR interbank deposit rates in the European market

B. Daily fixing of EUR interbank deposit rates in the London market

C. Another name for EUR LIBOR

D. The ECBs official repo rate

Click on the Detail Button to view the Formula Sheet. A CD with a face value of USD50 million and a coupon of 4.50% was issued at par for 90 days and is now trading at 4.50% with 30 days remaining to maturity. What has been the capital gain or loss since issue?

A. +USD 373,599.00

B. +USD 186,099.00

C. -USD 1,400.99

D. Nil

Click on the Detail Button to view the Formula Sheet. The use of standard settlement instructions (SSI's) is strongly encouraged because:

A. It reduces operational risk.

B. It splits differences arising from failed settlement between the two counterparties.

C. It removes the need for sending out SWIFT payment authorisations.

D. All of the above.

Click on the Detail Button to view the Formula Sheet. Management policy on the use of mobile devices by trading, sales and settlement staff should:

A. Ban them from the dealing room or back office.

B. State whether they are allowed in the dealing room and back office, and can be used.

C. Ban their use in the dealing room or back office.

D. Restrict their use to senior management and authorised out-of-hours trading and sales staff.

Click on the Detail Button to view the Formula Sheet. You have written a EUR/USD knock-in option for a bank counterparty. At 6pm New York time on Friday, the instrike point is breached. This is confirmed on screens. The counterparty contacts you to confirm that the option has been knocked in.

A. The deal is done. You should confirm with your counterparty.

B. If the knock-in is confirmed by a New York price source, the deal is done and you should confirm with your counterparty.

C. The recognised closing time for the currency markets is 6:00pm New York time in Friday, so the deal is done and you should confirm with your counterparty.

D. The recognised closing time for the currency markets is 5:00pm New York time in Friday, so no deal is done.