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3I0-010 ACI-Operations Certificate Questions 86–90 (page: 19)

Updated On: 9-Feb-2026

In the unexpected event that a public holiday is declared on the date a particular contract matures, what is the normal market practice?

  1. if that day is NOT the final trading day of the month, all contracts maturing on that day are extended to the next business day
  2. if that day is NOT the final trading day of the month, all contracts maturing on that day are shortened to the preceding business day
  3. all new maturity dates have to be agreed upon with the counterparties involved
  4. decisions about the maturity dates of trading contracts are made by ACI's Committee for Professionalism on a case-by- case basis and must be adhered to

Answer(s): A



Which of the following steps is typical for an interbank FX trade process flow?

  1. physical delivery
  2. collateral management
  3. negotiation of fees
  4. settlement

Answer(s): D



Which department is responsible for originating deals?

  1. the front office
  2. the back office
  3. the middle office
  4. the compliance department

Answer(s): A



Why are confirmations necessary?

  1. Confirmations authenticate the transaction to the risk manager, as well as providing essential information regarding bilateral limits.
  2. in order to authenticate the BIC-code of the counterparty when the confirmation is sent via SWIFT
  3. in order to have the exact mailing address of the counterparty when the confirmation is sent via mail
  4. Confirmations authenticate transactions to staff independent of the dealing room, as well as providing essential information regarding settlement.

Answer(s): D



Which ONE of the following excerpts completes this statement of a best market practice? "Any exception to the confirmation process should be resolved..."

  1. no later than the value date
  2. within 2 days
  3. within 1 week
  4. on the day it is discovered

Answer(s): D



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