Free 3I0-012 Exam braindumps download (3I0-012 exam dumps Free)

What does the Model Code recommend regarding “entertainment and gifts”?

Management should monitor the form, frequency and cost of entertainment and gifts dealers receive, have a clearly articulated policy towards the giving/receipt of gifts and ensure the policy is enforced.
As gifts and entertainment may be offered in the normal course of business, employees can offer inducements to conduct business and solicit them from the personnel of other institutions.
Although management should not monitor the form, frequency or cost of entertainment/gifts dealers receive, they may have a policy towards the giving/receipt of gifts and ensure the policy is enforced.
Gifts or entertainment should never be offered in the normal course of business, and employees must never offer any inducements to conduct business, nor solicit them from other institutions.

Answer(s): C

Which one of the following is a major objective of ACI-The Financial Markets Association?

to promote globalization and deregulation of the financial markets
to maintain the professional level of competence and to disseminate a high level of ethical and professional behavior
to act as the official international market regulator in the absence of government regulation
to become the sole global corporation of wholesale financial market professionals

Answer(s): B

Which of the following is required for institutions acting as prime brokers?

Answer(s): D

When a deal is done via a broker:

it need not be confirmed between the counterparties as the broker confirms it immediately with both counterparties
it should also be confirmed directly between the two counterparties
it is important to note that broker confirmations are bilateral confirmations between the principals of the trade
the dealer should obtain acknowledgement that the deal has been agreed to but may assume agreement to the trade in the absence of such acknowledgement

Answer(s): B

Bank XYZ calls you for a quote in EUR/USD for EUR 50,000,000.00. If you decide to quote, which of the following is true?

You must be prepared to deal EUR 50,000,000.00.
You may quote without stating the amount you are prepared to deal.
You are only committed to deal in a marketable amount.
You must be prepared to deal for more than EUR 50,000,000.00 in case Bank XYZ wishes to.

Answer(s): A

Free 3I0-012 Exam Braindumps 3I0-012 ACI Dealing Certificate Questions 146–150 (page: 31)