ACI 3I0-012 Exam Questions
3I0-012 ACI Dealing Certificate (Page 27 )

Updated On: 19-Feb-2026

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?

  1. You will have to pay USD 312.50
  2. You will receive USD 312.50
  3. You will have to pay USD 3,125.00
  4. You will receive USD 3,125.00

Answer(s): D



What is a short straddle option strategy?

  1. A long call option + long put option with the same strike prices
  2. A short call option + short put option with the same strike prices
  3. A long call option + short put option with the same strike prices
  4. A short call option + long put option with the same strike prices

Answer(s): B



What is the probability of an ‘at-the-money’ option being exercised?

  1. Less than 50% probability
  2. 50% probability
  3. More than 50% probability
  4. Zero probability

Answer(s): B



What is a short strangle option strategy?

  1. A short call option + long put option with a higher strike price than the call option
  2. A long call option + long put option with a lower strike price than the call option
  3. A short call option + short put option with a lower strike price than the call option
  4. A long call option + long put option with higher strike price than the call option

Answer(s): C



A euro zone-based bank that is asset-sensitive to market interest rate changes might reduce interest rate risk by:

  1. entering into a pay fixed I receive variable standard interest rate swap
  2. entering into a receive fixed I pay variable standard interest rate swap
  3. entering into a pay fixed / receive variable amortizing interest rate swap
  4. entering into a GBP/USD FX swap

Answer(s): B






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