Cisco®
CompTIA
Checkpoint
ISC
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk®
Scrum
All Vendors
  2. Home
  3. Exams
  4. ACI
  5. 3I0-013

Free 3I0-013 Exam Braindumps (page: 48)

Page 47 of 97
PDF with 386 Questions

The use of netting in foreign exchange dealings has increased because it reduces:

  1. The volume of confirmations that have to be sent to the counterparties
  2. Foreign exchange dealing limits and the currency risk exposure of the banks
  3. The potential foreign exchange trading losses incurred by banks
  4. Interbank payments, counterparty credit risk exposure, as well as the amount of capital allocated to foreign exchange activity

Answer(s): D



Your FX swap dealer bought and sold 1 month GBP/USD 25,000,000,00; rates were set to 1,5305 against 1.5300. What payment is your bank expecting in a month from now?

  1. USD 38,250,000.00
  2. USD 38,262,500.00
  3. GBP 25,000,000.00
  4. USD 16,339,869.28

Answer(s): A



In FX swaps, the rate of the spot leg:

  1. May be freely chosen by the quoting party as long as both parties agree on it
  2. Must always be fixed immediately at the current mid rate, to reflect the rate at the time the deal was made
  3. Should be fixed immediately within the current spread, to reflect current rates at the time the transaction was made
  4. Should always be fixed off the current spread in order not to be mistaken for a spot FX transaction

Answer(s): C



Today, the spot value for a USD deposit is Wednesday, 29 February. What is the 4 months maturity date? (Assume that there are no bank holidays)

  1. Thursday, 27 June
  2. Friday, 28 June
  3. Saturday, 29 June
  4. Monday, 1 July

Answer(s): B






Post your Comments and Discuss ACI 3I0-013 exam with other Community members: