3I0-012 Exam Questions
734 real 3I0-012 exam questions with expert-verified answers and explanations. Page 1 of 15.
- Question #1
A CD with a face value of EUR 10,000,000.00 and a coupon of 3% was issued at par for 182 days and is now trading at 3.10% with 120 days remaining to maturity. What has been the cap...
- Question #2
You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1.10% and CAD 6,000,000.00 at 1.04%. Minutes later, you quote 3-month CAD 1.09-14% to another bank. The other deal...
- Question #3
A 7% CD was issued at par, which you now purchase at 6.75%. You would expect to pay:
- Question #4
The tom/next GC repo rate for German government bonds is quoted to you at 1.75-80%. As collateral, you sell EUR 10,000,000.00 nominal of the 5.25% Bund July 2012, which is worth EU...
- Question #5
The tom/next GC repo rate for German government bonds is quoted to you at 1.75-80%. As collateral, you sell EUR 10,000,000.00 million nominal of the 5.25% Bund July 2012, which is...
- Question #6
A bond is trading 50 basis points special for 1 week, while the 1-week GC repo rate is 3.25%. If you held GBP 10,500,000.00 of this bond, what would be the cost of borrowing agains...
- Question #7
If EUR/USD is quoted to you as 1.3050-53, does this price represent?
- Question #8
The seller of a EUR/RUB NDF could be:
- Question #9
Voice-brokers in spot FX act as:
- Question #10
Are the forward points significantly affected by changes in the spot rate?
- Question #11
In GBP/CHF, you are quoted the following prices by four different banks. You are a buyer of CHF. Which is the best quote for you?
- Question #12
Which of the following CHF/JPY quotes that you have received is the best rate for you to buy CHF?
- Question #13
You have quoted spot USD/CHF at 0.9423-26. Your customer says "I take 5". What does he mean?
- Question #14
A 12-month EUR/USD swap is quoted at 41/44. EUR interest rates are expected to fall, with USD interest rates remaining stable. Assuming no change in the spot rate what effect would...
- Question #15
Assuming a flat yield curve in both currencies, when quoting a 1- to 2-month forward FX time option price in a currency pair trading at a discount to a customer:
- Question #16
Clients of a voice-broker quote EUR/USD at 1.3556-61, 1.3559-62, 1.3557-63 and 1.3555-59. What will be the broker's price?
- Question #17
A "time option" is an outright forward FX transaction where the customer:
- Question #18
As far as fineness and weight are concerned, what are the London Bullion Market Association (LBMA) requirements for a "good delivery bar"?
- Question #19
If spot AUD/USD is quoted to you as 1.0420-25 and 1-month forward AUD/USD is quoted to you as 28/23, at what rate can you buy USD 1-month outright?
- Question #20
The mid-rate for USD/CHF is 0.9300 and the mid-rate for NZD/USD is 0.8560. What is the mid rate for NZD/CHF?
- Question #21
You quote a customer a spot cable 1.6050-55 in USD 3,000,000.00. If they sell USD to you, how much GBP will you be short of?
- Question #22
You are quoted the following market rates: spot USD/SEK 6.3850 1M (30-day) USD 0.40% 1M (30-day) SEK 1.15% What is 1-month USD/SEK?
- Question #23
You are quoted the following market rates: Spot GBP/USD 1.5525 9M (272-day) GBP 0.81% 9M (272-day) USD 0.55% What are the 9-month GBP/USD forward points?
- Question #24
You quote a customer spot AUD/USD at 1.0350-55. The T/N swap is quoted to you at 3/2. The customer asks to buy USD for value tomorrow. What rate should you quote him to break-even...
- Question #25
Which of the following is true about interest rate swaps (IRS):
- Question #26
Which of the following is true?
- Question #27
EURODOLLAR futures are:
- Question #28
You have a short position of 50 EURODOLLAR futures contracts. You can hedge your position by:
- Question #29
If a dealer has a 6-month USD asset and a 3-month USD liability, how could he hedge his balance sheet exposure in the FRA market?
- Question #30
What is the Overnight Index for EUR?
- Question #31
You bought a CAD 8,000,000.00 6x9 FRA at 1.95%. The settlement rate is 3-month (90-day) BBA LIBOR, which is fixed at 0.9500%. What is the settlement amount at maturity?
- Question #32
Which of the following is true?
- Question #33
Basis risk on a futures contract is:
- Question #34
Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:
- Question #35
A corporate wishing to hedge the interest rate risk on its floating-rate borrowing would:
- Question #36
The market is quoting: 6-month (182-day) CAD 1.25% 12-month (366-day) CAD 1.55% What is the 6x12 rate in CAD?
- Question #37
The seller of a put option has:
- Question #38
The exercise price in an option contract is:
- Question #39
An `at-the-money' option has:
- Question #40
The vega of an option is:
- Question #42
A put option is `out-of-the-money' if:
- Question #43
Which of the following transactions would have the effect of lengthening the average duration of assets in the banking book?
- Question #44
What is a `duration gap'?
- Question #45
Which statement about modern matched-maturity transfer pricing in banks is correct?
- Question #46
Supervisors would generally consider interest rate risk exposure in the banking book excessive beginning at what level of losses given a +1- 200 bps market rate movement?
- Question #47
Which one of the following statements is incorrect? Hedge accounting of an existing position no longer applies when:
- Question #48
Which of the following is a function of asset and liability management (ALM)?
- Question #49
Which of the following statements is correct?
- Question #50
Which one of the following statements about interest rate movements is true?
- Question #51
Under Basel rules, what is the meaning of EEPE?