USD/CHF is quoted to you at 0.9290-93 and GBP/USD at 1.5320-30. At what rate could
you buy GBP and sell CHF?

A.

1.4242

B.

1.4232

C.

1.4246

D.

1.4237

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

A.

to maintain the professional level of competence and the ethical standards of loyalty

B.

to develop sound reciprocal dealing relationships between institutions and to render
unconditional mutual assistance

C.

to demonstrate the best ethical behavior in strict accordance with the content and spirit
of The Model Code

D.

to maintain the highest possible standards in their profession by constantly setting an
example of propriety in business

Which of the following statements is correct regarding duration?

A.

It is a measure of the average price of a financial instrument.

B.

It doesn’t take into account the timing and market value of cash flows.

C.

It increases if the average coupon increases.

D.

It decreases as maturity decreases

What is the name of the reference against which most USD and JPY deposits and loans are fixed in London?

A.

EURIBOR

B.

EONIA

C.

LIBOR

D.

SONIA

A CD with a face value of USD 250,000,000.00 was issued at par with a coupon of 5% for
91 days.
You buy it in the secondary market when it has 30 days remaining to maturity and is trading
at
5.25%. How much do you pay?

A.

USD 252,056,972.97

B.

USD 252,028,916.32

C.

USD 250,000,000.00

D.

USD 248,911,014.31

Claims should be communicated in writing via e-mail or preferably by authenticated SWIFT.
What information should be provided in the claim?

A.

the details of the transaction involved, the number of days the payment was delayed and the resulting cost

B.

the details of the transaction involved, the number of days the payment was delayed and the cost, together with Central Bank rate to be applied

C.

the details of the transaction involved, the number of days the payment was delayed and the cost, together with reference rates to be applied

D.

the details of the transaction involved, the number of days the payment was delayed and

Under the Model Code, if a broker shouts “done” or “mine” at the very moment a dealer
shouts “off”:

A.

No deal is done and the broker should inform both counterparties accordingly.

B.

The deal is done and the broker should inform both counterparties accordingly.

C.

The matter should be resolved in consultation with senior management of the 3
institutions.

D.

The ACI’s Committee for Professionalism will investigate and advise accordingly.

You quote spot EUR/USD at 1.3023-26 in 5 to another bank. He says, “Take 5, could do 8”.
How much are you obliged to do?

A.

Nothing, as he changed the terms of the deal

B.

EUR 5,000,000.00

C.

More than EUR 5,000,000.00, but a maximum of EUR 8,000,000.00

D.

EUR 8,000,000.00

Which of the following risks are considered market risks?

A.

interest rate, currency, equity and commodity risk

B.

interest rate, currency, equity and default risk

C.

interest rate, equity, liquidity and default risk

D.

legal, reputation and regulatory risk

A purchased 3X6 FRA should be reported in a gap report as

A.

a given deposit with a term of six months

B.

a taken deposit with a term of three months

C.

a given deposit with a term of three months and a taken deposit with a term of six months

D.

a taken deposit with a term of three months and a given deposit with a term of six months