3I0-012 Exam Questions
734 real 3I0-012 exam questions with expert-verified answers and explanations. Page 3 of 15.
- Question #102
Your are quoted the following rates: Spot CHF/JPY 105.12-22 3M CHF/JPY 3.5/4.5 At what rate can you buy 3-month outright JPY against CHF?
- Question #103
EUR/USD is 1.3080-83 and EUR/CHF is 1.2160-63. What price would you quote to a customer who wishes to sell CHF against USD?
- Question #104
If spot NZD/CHF is quoted to you as 0.7406-09. How many NZD would you receive in exchange for CHF 5,000,000.00 if you dealt on the price?
- Question #105
You quote the following rates to a customer: Spot GBP/CHF 1.4535-45 6MGBP/CHF swap 46/41 At what rate do you sell GBP to a customer 6-month outright?
- Question #106
You are paying 5% per annum paid semi-annually and receiving 6-month LIBOR on a USD 10,000,000.00 interest rate swap with exactly two years to maturity. 6-month LIBOR for the next...
- Question #107
You sold a JPY 500,000,000 1x12 FRA at 0.35%. The settlement rate is 11-month (334-day) JPY LIBOR, which is fixed at 0.4450%. What is the settlement amount at maturity?
- Question #108
A Eurodollar futures price of 99.685 implies:
- Question #109
In the international market, a FRA in USD is usually settled with reference to:
- Question #110
A bank borrowing USD for 12 months and lending them for 6 months creates:
- Question #111
A futures clearing house is:
- Question #112
An Overnight Indexed Swap (OIS) is:
- Question #113
It is June. You are over-borrowed from October to January on your deposit book. How would you hedge using FRAs?
- Question #114
Today, you sold 10 December EURODOLLAR futures contracts at 99.50. The closing price is fixed by the exchange at 99.375. What variation margin will be due?
- Question #115
What is a short straddle option strategy?
- Question #116
What is the probability of an `at-the-money' option being exercised?
- Question #117
What is a short strangle option strategy?
- Question #118
A euro zone-based bank that is asset-sensitive to market interest rate changes might reduce interest rate risk by:
- Question #119
Which of the following statements about leverage ratios under Basel III is correct?
- Question #120
Complete the following sentence. If a bank has an asset repricing in 6 months funded by a liability repriced in 3 months:
- Question #121
The Liquidity Coverage Ratio (LCR) in Basel III:
- Question #122
What is interest rate immunization in the context of bank gap management?
- Question #123
The weighted average duration of liabilities can be increased by:
- Question #124
Prudential regulation of banking book liquidity risk is dealt with by the Basel Committee (Basel II / Basel III) in the context of:
- Question #125
VaR increases with:
- Question #126
Under Basel Rules, the Basic Indicator Approach is a regulatory framework for:
- Question #127
Under Basel rules, expected credit loss is a function of which of the following sets of parameters:
- Question #128
Under Basel rules the risk weight for claims on unrated sovereigns and their cennl banks in the standardized approach is:
- Question #129
Under Basel rules the meaning of CCF is:
- Question #130
What is meant by "turn of the month"?
- Question #131
In order to give a price in EUR/USD, the broker must:
- Question #132
In interbank trading, if a dealer is calling "off" at the same time as the broker is hitting a price:
- Question #133
A dealer has been invited by a broker to go to an exclusive club for the third time in a week. He should:
- Question #134
What does the Model Code recommend regarding "entertainment and gifts"?
- Question #135
Which one of the following is a major objective of ACI-The Financial Markets Association?
- Question #136
Which of the following is required for institutions acting as prime brokers?
- Question #137
When a deal is done via a broker:
- Question #138
Bank XYZ calls you for a quote in EUR/USD for EUR 50,000,000.00. If you decide to quote, which of the following is true?
- Question #139
What happens if an instruction remains unmatched and/or unsettled through CLS Bank?
- Question #140
What recommendation does the Model Code make to banks accepting a stop-loss order?
- Question #141
Where sale and repurchase agreements or stock borrowing or lending transactions are entered into:
- Question #142
Whose compliance rules, regulations and best practices should be followed in FX electronic trading?
- Question #143
You quote a price to a broker. It is hit by another bank, but you are not informed until some time afterward that the deal has been done. Who is to blame?
- Question #144
For which of the following might an MT370 be used?
- Question #145
What steps will the CFP of the ACI probably not undertake after having been formally notified by one of the parties of a breach of the letter or spirit of the Model Code?
- Question #146
Experience has shown that recourse to taped telephone conversations proves invaluable to the speedy resolution of disputes. Therefore, the Model Code recommends:
- Question #147
Which of the following correctly states the Model Code's recommendations regarding electronic trading and broking?
- Question #148
A US security yields 7% on an annually-compounded bond basis. What is the equivalent annually- compounded money market yield?
- Question #149
Today's spot value date is the 29th of February. What is the maturity date of a 4-month USD deposit deal today? Assume no bank holidays.
- Question #150
From the following AUD rates: 3M AUD (91-day) deposits 2.35% 3x6 AUD (90-day) FRA 2.55% Calculate the 6-month implied cash rate.
- Question #151
Which is the day count/annual basis convention for SGD money market deposits?