ACI ACI Dealing Certificate 3I0-012 Exam Dumps: Updated Questions & Answers (December 2025)

4.19%

4.25%

4.30%

4.31%

-EUR 52,161.00

-t-EUR 47,839.00

-EUR 3,827.67

Nil

you would take as bid rate the bid side of the 2-month forward and as offered rate the offered side of the 1-month forward

you would take as bid rate the offered side of the 2-month forward and as offered rate the bid side of the 1-month forward

you would take as bid rate the offered side of the 1-month forward and as offered rate the offered side of the 2-month forward

you would take as bid rate the bid side of the 1-month forward and as offered rate the bid side of the 2-month forward

Brokers should only show the names of banks to counterparties who have prime credit ratings.

Brokers should only show the names of banks to counterparties who provide good liquidity to the brokered market.

Brokers should only show the names of banks to counterparties whom they know well.

Brokers should only show the names of bank counterparties if both sides display a serious intention to transact

EUR 620.83

EUR 868.06

EUR 968.06

EUR 2,183.33

The 3-month EURODOLLAR futures contract has a basis point value of USD 50.00 and a face value of USD 1,000,000.00

The 3-month EURIBOR futures contract has a a basis point value of EUR 12.50 and a face value of EUR 500,000.00

The 3-month Sterling (SHORT STERLING) futures contract has a a basis point value of GBP 12.50 and a face value of GBP 500,000.00

The 3-month Euro Swiss Franc (EUROSWISS) futures contract has a a basis point value of CHF 50.00 and a face value of CHF 2,000,000.00

the market supervisor

the national ACI association

the management of such organizations

the central bank

This is considered as a normal discount for bulk business.

The offer should be agreed only by directors or senior management on each side and should be recorded in writing.

The offer should be expressly approved by both the individuals concerned and clearly recorded in writing.

The Model Code strongly discourages such practices.

It is now a widely accepted standard that banks should use a single representative transfer price across the entire maturity spectrum.

Modern matched-maturity pricing systems include an additional liquidity surcharge that is specifically applied to more liquid short maturities.

Matched-maturity transfer prices should represent a weighted average cost of capital that incorporates the cost of equity into the cost of borrowed funds.

Modern matched-maturity systems differentiate transfer prices by the maturity of the commitment and also apply a marginal funding cost perspective.

An upward parallel shift of interest rates will cause a loss of income if the rate-sensitivity of a bank’s liabilities is higher than the rate-sensitivity of its assets.

A bank will lose income if it has more rate-sensitive liabilities than rate-sensitive assets.

Falling interest rates will always result in mark-to-market profits on short positions in fixed rate securities.

Rising interest rates can result in mark-to-market losses on fixed-rate assets.

105.80

105.75

105.70

105.85

the average maturity of liabilities on a balance sheet

the difference between the duration of assets and liabilities

the difference between the duration of the longest-held and shortest-held liabilities on the balance sheet

the average maturity of the portfolio on the asset side of a balance sheet

Unilateral collateral obligations to sovereign counterparties provide liquidity to banks.

Under Basel III commercial banks are most likely to incur lower costs to service their sovereign clients.

While banks usually do not call for collateral from sovereign counterparties, they must provide collateral for the offsetting hedge transactions which are undertaken with commercial counterparties.

Uncollateralised exposures to sovereign counterparties will not require additional regulatory capital to be set aside against potential credit losses

The sensitivity of the option value to changes in interest rates

The sensitivity of the option value to changes in implied volatility

The sensitivity of the option value to changes in the time to expiry

The sensitivity of the option value to changes in the price of the underlying

> 2% of 6 months forward earnings

> 20% of regulatory capital

<10% of regulatory capital

< 5% of 12 months forward earnings