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3I0-012 - ACI Dealing Certificate - Dump Information

Vendor : ACI
Exam Code : 3I0-012
Exam Name : ACI Dealing Certificate
Questions and Answers : 740 Q & A
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3I0-012 Questions and Answers

Pass4sure 3I0-012 Dumps with Real Questions & Practice Test


Answer: B


QUESTION: 327

A dealer has been asked by a broker to go to an exclusive club for the third time in a week. He should:


  1. Agree. Entertainment is a normal part of business.

  2. Refuse. This entertainment is excessive in value and frequency.

  3. Agree but insist on paying halt the cost.

  4. Refuse. Going back to the same club is clearly excessive entertainment.


Answer: B


QUESTION: 328

The use of off-market rates is discouraged and should be permitted only:


  1. When the bank’s income is secured on the trade.

  2. If the unsecured credit is taken into account.

  3. It the bank knows the customer very well.

  4. When there are written procedures and policies for such transactions.


Answer: D


QUESTION: 329

Dealers are allowed to trade for their own account if:


  1. The dealers have good track records in their dealing both for the institution and for themselves.

  2. There has been no previous conflicts of interest in the dealing room.

  3. There is a clearly laFd down policy.

  4. The dealers see no conflict of Interest in such dealing.


Answer: C


QUESTION: 330

When a stop-loss/profit order is taken, the rate specified in the order:


  1. Must be transacted regardless of where the market moved.

  2. Must be transacted if a broker confirms that the rate specified was reached.

  3. Cannot be taken as a fixed-price guarantee.

  4. None of the above.


Answer: C


QUESTION: 331

The use of mobile phones from within the dealing room for transacting business:


  1. Is not considered good practice.

  2. Is accepted in case of direct deal input into the bank’s system.

  3. Is accepted for senior dealers.

  4. Is accepted for hedging transactions.


Answer: A


QUESTION: 332

When a broker makes an error on payment instructions The Model Code recommends that


  1. The broker remains liable for the resulting difference for 3 full business days following the date of the transaction.

  2. The broker remains liable until the error is discovered.

  3. The broker is not liable at all.

  4. The broker’s liability should be limited as he is not in a position to directly rectify the situation.


Answer: D


QUESTION: 333


Under the Model Code, it a broker shouts “done” or “mine” at the very moment a dealer shouts “off”:


  1. No deal is done.

  2. The deal is done.

  3. It should be resolved in consultation with senior management.

  4. The central bank should be consulted.


Answer: B


QUESTION: 334

Market participants should, where activity justifies it, aim to reduce settlement and related credit risk on currency transactions by:


  1. Establishing realistic daylight limits for counterparties.

  2. Monitoring all payments to counterparties who are known to be experiencing difficulties.

  3. Establishing legally binding bilateral netting agreements with counterparties or participating in a multilateral netting system.

  4. Seeking pre-payment.


Answer: C


QUESTION: 335

What does the Model Code say about the responsibility of a broker in handling suspicious transactions?


  1. Suspicious transactions should be reported by the principals.

  2. Brokers need to make staff aware of the problem and exercise vigilance.

  3. A broker should report any suspicions about a transaction to the other counterparty.

  4. Brokers should advise clients to reject the name.


Answer: B


QUESTION: 336


A person who appears to be a technician asks for your help in accessing treasury systems as he has forgotten his list of access codes. The Model Code recommends:


  1. You should provide all reasonable assistance.

  2. You should report the request immediately to senior management.

  3. Do not get involved; you may be at risk.

  4. There is no recommendation in the Model Code.


Answer: B


QUESTION: 337

One or your brokers asks you to buy and sell EUP/USD at the same price net of brokerage in order to allow him to clear a transaction.


  1. You must have prior senior management approval.

  2. You must have the authority to switch names.

  3. You must execute such transactions as promptly as possible within policy guidelines

  4. All of the above.


Answer: D


QUESTION: 338

It is up to the vendors of electronic dealing platforms to ensure that dealers are trained to use their systems.


  1. Management should ensure dealers fully understand the systems they use and dealers should read the manuals.

  2. Management, dealers and vendors share responsibility.

  3. Dealers are required to pass the ACI Dealing Certificate before being allowed to access electronic dealing platforms.

  4. Given the wide range of electronic dealing platforms used by banks, it is the responsibility of the vendors to ensure individual users are adequately trained.


Answer: A


QUESTION: 339


When using legal documentation proposed modifications:


  1. Should be documented as soon as possible after a deal is done.

  2. Should be clearly stated before a deal.

  3. Can be agreed verbally.

  4. Are not permissible.


Answer: B


QUESTION: 340

What are IMM dates?


  1. The 10th of March, June, September and December.

  2. The third Wednesdays of January, April, July and October.

  3. The Mondays before the third Wednesdays of March, June, September and December.

  4. The third Wednesdays of March, June, September and December.


Answer: D


ACI 3I0-012 Exam (ACI Dealing Certificate) Detailed Information

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