ACI 3I0-010 Exam
3I0-010 ACI-Operations Certificate (Page 5 )

Updated On: 1-Feb-2026

A large corporate client sends you a case of expensive wine as a reward for settling a compensation case in their favour.
What should you do?

  1. You should decline the gift.
  2. You should share the gift amongst your back office colleagues.
  3. You should report the gift to management and leave it to the management's discretion as to whether you are allowed to keep the gift.
  4. You should accept the gift without question as it was personally addressed to you.

Answer(s): C



You are in the pub with a friend who works for another financial institution. The friend asks you for information about a mutual customer's forward foreign exchange dealing volumes.
What should you do?

  1. tell him all you know
  2. tell him nothing
  3. give him some of the information because the deal involves a mutual customer
  4. tell him you will investigate and get back to him with the information

Answer(s): B



In the absence of his normal dealer contact, a counterparty calls the back office and asks the clerk for his opinion about how long his money should be placed on deposit.
What action should the back office clerk take?

  1. He should give his opinion.
  2. He should give his opinion and tell the counterparty that he is not qualified to do so.
  3. He should tell the counterparty that he is not qualified to give an opinion and refer the counterparty to another dealer.
  4. He should give his opinion and refer the counterparty to another dealer.

Answer(s): C



The risk associated with the failure of the overall financial system is best described as:

  1. operational Risk
  2. market Risk
  3. systemic Risk
  4. credit Risk

Answer(s): C



Herstatt Risk is also known as:

  1. settlement risk
  2. translation risk
  3. replacement risk
  4. operational risk

Answer(s): A



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