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Free 3I0-012 Exam Braindumps (page: 71)

Page 70 of 186
PDF with 740 Questions

As to the Charter of ACI - The Financial Markets Association, what do members not pledge?

  1. to maintain the professional level of competence and the ethical standards of loyalty
  2. to develop sound reciprocal dealing relationships between institutions and to render unconditional mutual assistance
  3. to demonstrate the best ethical behavior in strict accordance with the content and spirit of The Model Code
  4. to maintain the highest possible standards in their profession by constantly setting an example of propriety in business

Answer(s): B



Which of the following statements reflects the position of the Model Code on gambling or betting amongst market participants?

  1. Gambling and betting amongst market participants should be strongly discouraged.
  2. Gambling and betting amongst market participants may be permitted if management monitors it.
  3. Gambling and betting amongst market participants should be prohibited.
  4. Gambling and betting amongst market participants is only tolerated if it is previously reported to the CFP of the ACI.

Answer(s): A



The popularity of FX-trading via Internet platforms has serious implications for the applicability of traditional rules such as “Know Your Customer”. Which of the following are correct?

  1. “Know Your Customer” rules cannot be applied online and banks will have to rely instead on new safeguards such as third-party authentication.
  2. “Know Your Customer” rules apply only to retail customers and are therefore irrelevant to currency trading.
  3. In practice, banks can avoid “Know Your Customer” rules by limiting online deal size to EUR 100,000.00 or equivalent.
  4. No trading should be carried out without first identifying and setting up the counterparty; this includes “Know Your Customer” procedures.

Answer(s): D



Where voicemail equipment is used for the reporting and recording of off-premises transactions, voice mail should be:

  1. installed on secret number known only to the chief dealer
  2. installed and located in the office of the head of compliance
  3. installed and located in such a way that reported transactions cannot be subsequently erased without senior management approval.
  4. securely saved by recordings that have to be stored for at least a twelve-month period

Answer(s): C






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