ACI 3I0-012 Exam
3I0-012 ACI Dealing Certificate (Page 5 )

Updated On: 19-Jan-2026

A “time option” is an outright forward FX transaction where the customer:

  1. has the option to fulfill the outright forward or not at maturity
  2. may freely choose the maturity, given a 24-hour notice to the bank
  3. can choose any maturity within a previously fixed period
  4. may decide to deal at the regular maturity or on either the business day before or after

Answer(s): C



As far as fineness and weight are concerned, what are the London Bullion Market Association (LBMA) requirements for a “good delivery bar”?

  1. at least 995/1000 pure gold; weight between 350 and 430 fine ounces
  2. minimum 999.9/1000 pure gold; weight between 350 and 430 fine ounces
  3. at least 995/1000 pure gold; weight of 400 fine ounces
  4. minimum 995/1000 pure gold; weight of 400 fine ounces

Answer(s): A



If spot AUD/USD is quoted to you as 1.0420-25 and 1-month forward AUD/USD is quoted to you as 28/23, at what rate can you buy USD 1-month outright?

  1. 1.0448
  2. 1.0402
  3. 1.0397
  4. 1.0392

Answer(s): D



The mid-rate for USD/CHF is 0.9300 and the mid-rate for NZD/USD is 0.8560. What is the mid rate for NZD/CHF?

  1. 0.7961
  2. 1.0864
  3. 1.7860
  4. 1.2561

Answer(s): A



You quote a customer a spot cable 1.6050-55 in USD 3,000,000.00. If they sell USD to you, how much GBP will you be short of?

  1. 4,816,500.00
  2. 1,869,158.88
  3. 1,868,57677
  4. 4,815,000.00

Answer(s): C



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