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3I0-008 - ACI Dealing Certificate - Dump Information

Vendor : ACI
Exam Code : 3I0-008
Exam Name : ACI Dealing Certificate
Questions and Answers : 320 Q & A
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3I0-008 Questions and Answers

Pass4sure 3I0-008 Dumps with Real Questions & Practice Test


Answer: A


QUESTION: 302

Click on the Detail Button to view the Formula Sheet.

If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:


  1. The value date of the centre which is open.

  2. The next business day of the centre which is closed.

  3. The next business day when both New York and Tokyo are open.

  4. None of the above.


Answer: C


QUESTION: 303

Click on the Detail Button to view the Formula Sheet.

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: 304

Click on the Detail Button to view the Formula Sheet.

Bank A pays for EURO 5 m at 1.1592. Bank B offers EURO 10 m at 1.1597. Broker XYZ quotes to the market EURO / USD 1.1592/97. Bank C takes the offer at 97. The broker is obliged to reveal:


  1. The name of Banks A and B.

  2. The name of Bank B only.

  3. The amount that was bid but not the name of Bank A.

  4. None of the above


Answer: B


QUESTION: 305

Click on the Detail Button to view the Formula Sheet.

You have received a gift from a good friend who also happens to be your USD/YEN broker. Under such circumstances, the Model Code recommends that you should:


  1. Always decline gifts.

  2. Give the gift to charity.

  3. Keep the gift.

  4. Report the gift to management.


Answer: D


QUESTION: 306

Click on the Detail Button to view the Formula Sheet.

Extended trading hours and off-premises dealing can involve additional hazards, the avoidance of which requires clear controls. The Model Code prescribes best market practice. Which of the following is true?


  1. Off-premises dealing should be forbidden

  2. After-hours trading should be forbidden.

  3. Deals transacted after normal business hours or off-premises should only be undertaken on mobile phones approved by management.

  4. Deals transacted after normal business hours or off-premises either by mobile phones or any other equipment should only be undertaken with the approval of management.


Answer: D


QUESTION: 307

Click on the Detail Button to view the Formula Sheet.

Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:


  1. Within 24 hours of the deal.

  2. Within two business days of the deal.

  3. Before the value date.

  4. As soon as possible.


Answer: D


QUESTION: 308

Click on the Detail Button to view the Formula Sheet.

Under the Model Code, if 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 UESTION: 309

Click on the Detail Button to view the Formula Sheet.

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: 310

Click on the Detail Button to view the Formula Sheet.

Where the Committee for Professionalism of the ACI has been notified of a breach of the letter or spirit of the Model Code, it


  1. Will examine the complaint.

  2. May consult with the local ACI.

  3. Will bring the matter to the attention of the local regulator.

  4. None of the above.


Answer: A


QUESTION: 311

Click on the Detail Button to view the Formula Sheet.

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: 312


Click on the Detail Button to view the Formula Sheet.

You are quoting forward FX prices to a broker subject to finding a counterparty for a matching transaction. The Model Code says:


  1. You must tell the broker, who must qualify your quotes.

  2. For credit reasons, you must tell the broker when he presents a name.

  3. You cannot do this.

  4. The Model Code does not make recommendations on this subject.


Answer: A


QUESTION: 313

Click on the Detail Button to view the Formula Sheet.

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: 314

Click on the Detail Button to view the Formula Sheet.

One of your brokers asks you to buy and sell EUR/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: 315

Click on the Detail Button to view the Formula Sheet.

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: 316

Click on the Detail Button to view the Formula Sheet.

Where internet trading facilities are established by a bank for a client, the conditions and controls should be stated in a rulebook produced by:


  1. The bank.

  2. The local bankers association.

  3. The local regulator.

  4. Negotiation between the bank and client.


Answer: A


QUESTION: 317

Click on the Detail Button to view the Formula Sheet.

You deal over the phone with a counterparty. The subsequent confirmation differs from the terms agreed verbally. What is the result?


  1. The confirmation takes precedence as it is a written contract.

  2. The matter will have to be submitted to arbitration in order to establish the mutual intent of the parties.

  3. It depends on local law.

  4. The verbal agreement is binding.


Answer: D


QUESTION: 318

Click on the Detail Button to view the Formula Sheet. 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: 319

Click on the Detail Button to view the Formula Sheet.

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


QUESTION: 320

Click on the Detail Button to view the Formula Sheet.

How could your firm avoid the risks of dealing through an agent with an unknown principal?


  1. Insist on a guarantee by the intermediary.

  2. Have the intermediary identify the principal to the compliance, legal or credit functions, but only give codes to your dealers.

  3. It is not possible to avoid these risks unless you demand that the principal is identified before each transaction.

  4. In practice, the risks are minimal provided you deal through a reputable agent.


Answer: B


ACI 3I0-008 Exam (ACI Dealing Certificate) Detailed Information

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KUWAIT: Prof Yaqoub Alrefaei, Director well-known of the Institute of Banking experiences announced that the IBS grew to become an approved examination centre in Kuwait for the “ACI-monetary Markets association Examinations” which are coordinated by way of Frankfurt college of Finance and management, Germany. Frankfurt college hosts the ACI international education Centre of ACI – The economic Markets affiliation (ACI) which is considered as a prestigious world average setting body. ACI offers a set of specialized examinations focused on overseas change, fastened salary, money Markets, Derivatives, Repos, Asset liability and chance management for front, center and backoffice personnel. all of the ACI tests are in English and computing device primarily based. ACI offers an onlineexam portfolio comprising the ACI Dealing certificate, the ACI Operations certificate and the ACI model Code certificates as well as the ACI Suite of Diplomas. Examinations on the Institute of Banking reports examination centre will be held on first Tuesday of each month at 16:00 pm (Kuwait native time). There are confined examination slots accessible, therefore, enrollment is on firstcome first-served basis. Please learn extra about Frankfurt school on the following hyperlink: www.fs.de/exed CISI And ACIFMA Deal Extends Mutual expert Finance education Programmes To combined fifty three,000 global Membership | 3I0-008 Real Questions and VCE Practice Test The ACI – The financial Markets affiliation (ACIFMA), a world finance alternate association with over eight,000 overseas participants in five continents has signed an settlement with the Chartered Institute for Securities & investment (CISI). ACIFMA, centered in 1955 and based in Paris, France represents the interests of the skilled monetary markets group, focusing on enhancing top-rated market observe and assisting market contributors to stick to ideas of ethical conduct. It has a global network of country wide Associations in sixty one countries and presents a collection of training and certification products and capabilities. The agreement between the CISI, which has 45,000 world individuals, and ACIFMA, confirms each companies will collaborate in the delivery of education equipment to global financial markets the usage of mutual networks, exceptionally regarding respective examination and membership offerings. mv-170419ACIFMAandCISIsigning.jpg The association encompasses qualifications, membership, ethics and CPD content material and may encompass mutual cognizance of some ACIFMA programmes being handled as comparable to a CISI examination unit for the CISI funding Operations certificates (IOC). for example, candidates who hang both a ACIFMA Dealing certificate or ACIFMA Operations certificate may be given a unit credit and they also should be able to complete the CISI investment Operations certificate (IOC) with the aid of sitting just the international Introduction to Securities & funding and one, rather than two, IOC technical examination instruments*. these candidates who have accomplished the IOC and protected some of the designated ACIFMA checks may be offered affiliate level membership of the CISI. furthermore, CISI will know the ACIFMA Diploma as a suitable external qualification for those who are looking to apply for associate membership of the CISI and use of the designatory letters ACSI. ACIFMA members wishing to apply for CISI membership using this route will additionally require at the very least three years crucial business experience. The arrangement will work towards focus of each other’s continuing professional construction (CPD) content as counting against their contributors’ annual CPD requirements. Simon Culhane, Chartered FCSI, CISI CEO referred to: “we are delighted to resume and extend our partnership the ACIFMA, which has a proud historical past considering that 1955. The synergies between our two firms are enjoyable for both sets of members, global market customers and customers. We seem forward to working together on the further elevating of expert standards in markets globally.” Bruno Langfritz, ACIFMA Chairman stated: “we are coming into in a new enviornment of collaboration with CISI, the main international corporation for examinations and skills. The main aims of this partnership are the merchandising of ethical conduct and integrity, which might be in these days’s world, two of the most vital issues for monetary markets. The mixed adventure forward of CISI and ACIFMA will carry additional tremendous tendencies for the industry and to our combined contributors.” *To discover greater in regards to the exclusive mutual merits available to CISI and ACIFMA participants please contact customersupport@cisi.org Hannes Frímann Hrólfsson | 3I0-008 Real Questions and VCE Practice Test No effect found, are attempting new key phrase!Mr. Hrólfsson holds a cand. Oecon. degree from the college of Iceland, he has completed the Icelandic Ministry of Commerce´s exam in securities buying and selling and holds an ACI Dealing certificates. The ... Unquestionably it is hard assignment to pick dependable certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. 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ACIFMA, established in 1955 and based in Paris, France represents the interests of the professional financial markets community, focusing on enhancing best market practice and supporting market participants to adhere to principles of ethical conduct. It has a global network of National Associations in 61 countries and offers a suite of education and certification products and services. The agreement between the CISI, which has 45,000 global members, and ACIFMA, confirms both organisations will collaborate in the delivery of education tools to global financial markets using mutual networks, particularly relating to respective examination and membership offerings. mv-170419ACIFMAandCISIsigning.jpg The arrangement encompasses qualifications, membership, ethics and CPD content and will include mutual recognition of some ACIFMA programmes being treated as equivalent to a CISI examination unit for the CISI Investment Operations Certificate (IOC). For example, candidates who hold either a ACIFMA Dealing Certificate or ACIFMA Operations Certificate will be given a unit credit and so they will be able to complete the CISI Investment Operations Certificate (IOC) by sitting just the International Introduction to Securities & Investment and one, rather than two, IOC technical exam units*. Those candidates who have completed the IOC and included one of the specified ACIFMA exams will be offered Associate level membership of the CISI. In addition, CISI will recognise the ACIFMA Diploma as an appropriate external qualification for those who wish to apply for Associate membership of the CISI and use of the designatory letters ACSI. ACIFMA members wishing to apply for CISI membership using this route will also require a minimum of three years relevant industry experience. The arrangement will work towards recognition of each other’s continuing professional development (CPD) content as counting towards their members’ annual CPD requirements. Simon Culhane, Chartered FCSI, CISI CEO said: “We are delighted to renew and expand our partnership the ACIFMA, which has a proud history since 1955. The synergies between our two organisations are exciting for both sets of members, global market clients and customers. We look forward to working together on the further raising of professional standards in markets globally.” Bruno Langfritz, ACIFMA Chairman said: “We are entering in a new area of collaboration with CISI, the leading global organisation for examinations and qualifications. The main objectives of this partnership are the promotion of ethical conduct and integrity, which are in today’s world, two of the most critical topics for financial markets. The combined journey forward of CISI and ACIFMA will bring additional positive developments for the industry and to our combined members.” *To find out more about the exclusive mutual benefits available to CISI and ACIFMA members please contact customersupport@cisi.org Microsoft MCSA: Office 365 70-346 Exam Dumps Released with Valid PDF Questions & Practice Test Software | killexams.com 3I0-008 Real Questions and VCE Practice Test Mar 22, 2019 (AB Digital via COMTEX) -- Get ready to Attempt Microsoft 70-346 Certification Exam? If you are planning to attempt the Microsoft 70-346 Exam, then you must use the updated exam Questions of Dumps4it. These new updated exam questions of the Microsoft 70-346 (Microsoft Certified Professional) exam will help you to measure your ability to approach Office 365. The Microsoft 70-346 exams are directed towards Microsoft Certified Professional. 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