Free ACI 002-101 Exam Questions

Become ACI Certified with updated 002-101 exam questions and correct answers

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Total 420 Questions | Updated On: Mar 25, 2025

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Question 1

How can material divergences between the value of cash and collateral be managed in a documented sell/ buy-back?

A : rgin maintenance

B : ther of the above, but usually (b)

C : ther of the above, but usually (a)

D : -pricing

Answer: B

Question 2

You quote a price to a broker on EUR 100 million. Your price is hit for EUR 50 million. What does the Model Code say about this situation?

A : u have a right to qualify your quotes in terms of amounts, if you do so when you make the price.

B : u have a right to qualify your quotes in terms of amounts, once you have discovered the name of the counterparty for credit reasons.

C : u have a right to qualify your quotes in terms of amounts.

D : u have a right to qualify your quotes in terms of amounts, provided the amounts are marketable.

Answer: A

Question 3

When may a broker assume a deal is closed?

A : en acknowledgement is received from the principals that the deal is done

B : en the principals give a written undertaking for all deals done at the end of the day

C : en one of the principals confirms the deal

D : en both back offices acknowledge the deal

Answer: A

Question 4

How is a USD Overnight Indexed Swap (OIS) settled?

A : o days after maturity by net payment

B : riodic exchange of fixed and floating payments up to and including maturity

C : ter maturity by exchange of fixed and floating payments

D : maturity by net payment

Answer: A

Question 5

What is the effect of netting?

A : reduce the size of the balance sheet

B : To reduce the number and size of payments and transfers

C : l of the above

D : reduce exposure to credit risk

Answer: C

Page: 1 / 84

Total 420 Questions | Updated On: Mar 25, 2025

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