ACI-Operations Certificate (3I0-010) - ACI Actual Exam Questions
Last updated on April 11, 2026
If the back office staff receive a trade that is incomplete, which information is absolutely essential for processing the trade?
the clearing house phone number
the account number to which fees are booked
the name of the counterpartys dealer
the name of the counterparty
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The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:
is based on the interest rate differential between the two currencies
is based on the same calculation method as the forward rate agreements (FRA)
is based on linear interpolation
is based on the calculation of compound interest rates
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What is the "spread" in an interest rate swap (IRS)?
the interest rate differential between the fixed and floating leg of the swap
the brokerage fee for an interest rate swap transaction
the payment made when a swap is terminated
the difference between the swap rate and the benchmark government yield
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What is the advantage of instantaneous matching?
it gives the counterparty more time to cancel a deal
it reduces errors and costs
it gives front-office staff more time to process the payment orders
it increases transaction costs
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What does ISDA stand for?
International Swaps and Derivatives Association
Integrated System Data Association
International Swap Derivatives Agreement
Informative Software for Dealing Activities
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