ACI 3I0-010 Exam Questions
3I0-010 ACI-Operations Certificate (Page 4 )

Updated On: 21-Feb-2026

How many characters does a BIC have? (under ISO standard 9362, 2nd edition)

  1. 6 or 9 characters
  2. 9 or 12 characters
  3. 7 or 10 characters
  4. 8 or 11 characters

Answer(s): D



You have just opened a position in EUR/USD that you run overnight.
What risk is present?

  1. settlement, counterparty and equity risk
  2. only counterparty risk
  3. only currency and interest rate risks
  4. settlement, counterparty and market risk

Answer(s): D



What type of documentation is recommended for repos in the international markets?

  1. an Overseas Securities Lenders Agreement
  2. a ISDA Master Repurchase Agreement
  3. a SIFMA/ICMA Global Master Repurchase Agreement
  4. an International Securities Lenders Agreement

Answer(s): C



If the EUR/USD is quoted to you as 1.1050-53, what does this price represent?

  1. EUR per USD
  2. USD per EUR
  3. the interest rate differential between EUR and USD
  4. the fact that one USD is worth more than one EUR

Answer(s): B



In FX swaps, the rate of the spot leg

  1. may be freely chosen by the quoting party as long as both parties agree on it
  2. must always be fixed immediately at the current mid rate, to reflect the rate at the time the deal was made
  3. should be fixed immediately within the current spread, to reflect current rates at the time the transaction was made
  4. should always be fixed off the current spread in order not to be mistaken for a spot FX transaction

Answer(s): C






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