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3I0-012 ACI Dealing Certificate Questions 211–215 (page: 44)

Updated On: 9-Feb-2026

At the end of the day, you are short CHF 3,500,000.00 against SEK at 6.9275. You are asked to revalue your position at 6.9190. What is the resulting profit or loss?

  1. Profit of CHF 29,750.00
  2. Profit of SEK 29,750.00
  3. Loss of SEK 29,750.00
  4. Loss of CHF 29,750.00

Answer(s): B



From 2019 on the total capital requirement for banks under Basel III will be defined as:

  1. 8% of RWA plus conservation buffer
  2. 10.5% of RWA plus conservation buffer
  3. 8% of RWA plus countercyclical buffer
  4. 10.5% of RWA plus countercyclical buffer

Answer(s): D



You are the buyer of a receiver’s swap. All other things being equal your counterparty risk is increasing if

  1. the swap curve is shifting downwards
  2. the swap curve is shifting upwards
  3. swaption volatilities are decreasing
  4. time to expiry is becoming shorter

Answer(s): A



What does the Model Code recommend in respect of prices and orders made on electronic trading platforms?

  1. They must be posted with a clear intent to be tradable.
  2. They must be identified as indicative rates only.
  3. They must be posted subject to later credit line approval.
  4. They need not be posted in an appropriate trading style.

Answer(s): A



Which of the following statements best describes the conditions under which a prime broker may accept a trade given up?

  1. the trade is within the specified tenor limits
  2. the trade is within the tenor limits and is of an applicable trade type
  3. the trade is within the tenor limits and credit limits
  4. the trade is within the tenor limits, credit limits and is of an applicable trade type

Answer(s): D



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