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Free 3I0-012 Exam Braindumps
3I0-012 ACI Dealing Certificate Questions 151–155 (page: 32)

Updated On: 9-Feb-2026
Page 32 of 149
PDF with 740 Questions

What happens if an instruction remains unmatched and/or unsettled through CLS Bank?

  1. If there is more than one FX trade with a single counterparty to settle in the identical currencies, then both sides should bilaterally agree to settle the trades outside of CLS Bank on a net basis.
  2. If there is only one FX trade with a single counterparty to settle in the identical currencies, then either side can unilaterally decide to settle the trade outside of CLS Bank on a net basis.
  3. If there is more than one FX trade with a single counterparty to settle in the identical currencies, then both sides should bilaterally agree to settle the trade outside CLS Bank on a gross basis.
  4. If there is more than one FX trade with a single counterparty to settle in the identical currencies, then either side can unilaterally instruct the CLS Bank to settle the trades.

Answer(s): C



What recommendation does the Model Code make to banks accepting a stop-loss order?

  1. The Model Code emphasizes the importance of clear, concise documentation and on-going lines of communication.
  2. Bank management must guarantee a fixed price execution to the counterparty.
  3. The Model Code recommends that only experienced dealers should be allowed to take such orders.
  4. Bank staff must secure the approval of the counterparty’s management to accept such orders.

Answer(s): A



Where sale and repurchase agreements or stock borrowing or lending transactions are entered into:

  1. screen services, brokers and other third party providers can all be useful sources of data
  2. For periods less than one month, the maturity date will be the first date that is a business day that is within one, seven, fourteen days from the value date, but when near the month end must never be a date in the next calendar month
  3. Inter-dealer brokers or the automated trading system need not be notified when participants attempt to utilize odd settlement dates
  4. It is not recommended that legal opinion should be obtained on the enforceability of the contract

Answer(s): A



Whose compliance rules, regulations and best practices should be followed in FX electronic trading?

  1. solely those of the electronic trading platforms vendors
  2. exclusively ACI’s Model Code Best Practices
  3. ACI’s Model Code Best Practices and ICMA’s Market Practice & Regulatory Policy
  4. the electronic trading platforms vendors’ and the ACIs Model Code Best Practices guidelines

Answer(s): B



You quote a price to a broker. It is hit by another bank, but you are not informed until some time afterward that the deal has been done. Who is to blame?

  1. You are, as it is your responsibility to check periodically that the price has not been dealt upon.
  2. The broker is, as he must immediately tell you that your price has been dealt upon.
  3. The other bank is, since it did not immediately seek confirmation.
  4. All the parties, particularly you and the other bank.

Answer(s): B



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