{"id":2016,"date":"2019-02-02T06:13:45","date_gmt":"2019-02-02T06:13:45","guid":{"rendered":"https:\/\/dumps.dumpsbase.com\/?p=2016"},"modified":"2019-03-05T01:10:15","modified_gmt":"2019-03-05T01:10:15","slug":"aci-dealing-certificate-3i0-012-exam-dumps","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/aci-dealing-certificate-3i0-012-exam-dumps.html","title":{"rendered":"ACI Dealing Certificate 3I0-012 Exam Dumps"},"content":{"rendered":"\n<p>3I0-012 ACI Dealing Certificate exam is a hot exam, which is a foundation programme that allows candidates to acquire a working knowledge of the structure and operation of the major foreign exchange and money markets,application of the fundamental mathematics used in these markets, core products (cash, forwards and derivatives) and basic skills required for competent participation. To increase candidate opportunities nationally and internationally with a global qualification, Dumpsbase offers ACI Dealing Certificate 3I0-012 Exam Dumps to ensure your success.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Free Dumps for ACI Dealing Certificate 3I0-012 Exam<\/h2>\n\n\n\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam95\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-95\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-95\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-1813'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>If a counterparty refuses to pay the profit due to you on a derivatives transaction and argues that you dealt with an unauthorised member of their treasury staff, what type of risk are you exposed<\/div><input type='hidden' name='question_id[]' id='qID_1' value='1813' \/><input type='hidden' id='answerType1813' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1813[]' id='answer-id-8255' class='answer   answerof-1813 ' value='8255'   \/><label for='answer-id-8255' id='answer-label-8255' class=' answer'><span>Legal risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1813[]' id='answer-id-8256' class='answer   answerof-1813 ' value='8256'   \/><label for='answer-id-8256' id='answer-label-8256' class=' answer'><span>Market risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1813[]' id='answer-id-8257' class='answer   answerof-1813 ' value='8257'   \/><label for='answer-id-8257' id='answer-label-8257' class=' answer'><span>Basis risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1813[]' id='answer-id-8258' class='answer   answerof-1813 ' value='8258'   \/><label for='answer-id-8258' id='answer-label-8258' class=' answer'><span>Settlement risk<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-1814'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Which of the following are required under Basel III?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='1814' \/><input type='hidden' id='answerType1814' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1814[]' id='answer-id-8259' class='answer   answerof-1814 ' value='8259'   \/><label for='answer-id-8259' id='answer-label-8259' class=' answer'><span>A minimum common equity capital ratio of 5.5% and a capital conservation buffer of 2.5%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1814[]' id='answer-id-8260' class='answer   answerof-1814 ' value='8260'   \/><label for='answer-id-8260' id='answer-label-8260' class=' answer'><span>A minimum common equity capital ratio of 4.0% and a capital conservation buffer of 2.5%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1814[]' id='answer-id-8261' class='answer   answerof-1814 ' value='8261'   \/><label for='answer-id-8261' id='answer-label-8261' class=' answer'><span>A minimum common equity capital ratio of 4.5% and a capital conservation buffer of 2.5%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1814[]' id='answer-id-8262' class='answer   answerof-1814 ' value='8262'   \/><label for='answer-id-8262' id='answer-label-8262' class=' answer'><span>A minimum common equity capital ratio of 4.5% and a capital conservation buffer of 1.5%<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-1815'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Under the standardised approach within the Basel framework, what are the risk weights on the banking book for the following risk types, respectively? <br \/>\r<br>a) government risk with a rating of AA- <br \/>\r<br>b) unrated foreign government risk <br \/>\r<br>c) non-financial corporates with a BBB rating<\/div><input type='hidden' name='question_id[]' id='qID_3' value='1815' \/><input type='hidden' id='answerType1815' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1815[]' id='answer-id-8263' class='answer   answerof-1815 ' value='8263'   \/><label for='answer-id-8263' id='answer-label-8263' class=' answer'><span>a) 20%; b) 100%; c) 100%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1815[]' id='answer-id-8264' class='answer   answerof-1815 ' value='8264'   \/><label for='answer-id-8264' id='answer-label-8264' class=' answer'><span>a) 0%; b) 100%; c) 100%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1815[]' id='answer-id-8265' class='answer   answerof-1815 ' value='8265'   \/><label for='answer-id-8265' id='answer-label-8265' class=' answer'><span>a) 20%; b) 100%; c) 150%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1815[]' id='answer-id-8266' class='answer   answerof-1815 ' value='8266'   \/><label for='answer-id-8266' id='answer-label-8266' class=' answer'><span>a) 20%; b) 150%; c) 150%<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-1816'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which one of the following situations is an example of wrong way risk?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='1816' \/><input type='hidden' id='answerType1816' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1816[]' id='answer-id-8267' class='answer   answerof-1816 ' value='8267'   \/><label for='answer-id-8267' id='answer-label-8267' class=' answer'><span>A German bank enters into a repo trade with an Icelandic bank, delivering bonds issued by another Icelandic bank as collateral.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1816[]' id='answer-id-8268' class='answer   answerof-1816 ' value='8268'   \/><label for='answer-id-8268' id='answer-label-8268' class=' answer'><span>A German bank buys a bond issued by an Icelandic bank and enters into a CDS as a protection buyer with another Icelandic bank on the same bond.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1816[]' id='answer-id-8269' class='answer   answerof-1816 ' value='8269'   \/><label for='answer-id-8269' id='answer-label-8269' class=' answer'><span>A German bank enters into an FX swap with a US investment bank and transfers EUR 350,000,000.00 to that bank.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1816[]' id='answer-id-8270' class='answer   answerof-1816 ' value='8270'   \/><label for='answer-id-8270' id='answer-label-8270' class=' answer'><span>A hedge fund is long US AAA residential mortgage-backed securities and short US government bonds.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-1817'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Under Basel Rules the Basic Indicator Approach is a regulatory framework for<\/div><input type='hidden' name='question_id[]' id='qID_5' value='1817' \/><input type='hidden' id='answerType1817' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1817[]' id='answer-id-8271' class='answer   answerof-1817 ' value='8271'   \/><label for='answer-id-8271' id='answer-label-8271' class=' answer'><span>liquidity risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1817[]' id='answer-id-8272' class='answer   answerof-1817 ' value='8272'   \/><label for='answer-id-8272' id='answer-label-8272' class=' answer'><span>business risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1817[]' id='answer-id-8273' class='answer   answerof-1817 ' value='8273'   \/><label for='answer-id-8273' id='answer-label-8273' class=' answer'><span>operational risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1817[]' id='answer-id-8274' class='answer   answerof-1817 ' value='8274'   \/><label for='answer-id-8274' id='answer-label-8274' class=' answer'><span>funding risk<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-1818'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>VaR increases with:<\/div><input type='hidden' name='question_id[]' id='qID_6' value='1818' \/><input type='hidden' id='answerType1818' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1818[]' id='answer-id-8275' class='answer   answerof-1818 ' value='8275'   \/><label for='answer-id-8275' id='answer-label-8275' class=' answer'><span>lower correlation of underlying risk factors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1818[]' id='answer-id-8276' class='answer   answerof-1818 ' value='8276'   \/><label for='answer-id-8276' id='answer-label-8276' class=' answer'><span>a shorter time horizon<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1818[]' id='answer-id-8277' class='answer   answerof-1818 ' value='8277'   \/><label for='answer-id-8277' id='answer-label-8277' class=' answer'><span>a lower confidence level<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1818[]' id='answer-id-8278' class='answer   answerof-1818 ' value='8278'   \/><label for='answer-id-8278' id='answer-label-8278' class=' answer'><span>a higher confidence level<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-1819'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>The Model Code rules that deals at non-current rates:<\/div><input type='hidden' name='question_id[]' id='qID_7' value='1819' \/><input type='hidden' id='answerType1819' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1819[]' id='answer-id-8279' class='answer   answerof-1819 ' value='8279'   \/><label for='answer-id-8279' id='answer-label-8279' class=' answer'><span>are strictly prohibited<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1819[]' id='answer-id-8280' class='answer   answerof-1819 ' value='8280'   \/><label for='answer-id-8280' id='answer-label-8280' class=' answer'><span>require prior regulatory approval<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1819[]' id='answer-id-8281' class='answer   answerof-1819 ' value='8281'   \/><label for='answer-id-8281' id='answer-label-8281' class=' answer'><span>require the prior and explicit permission of senior management of both counterparties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1819[]' id='answer-id-8282' class='answer   answerof-1819 ' value='8282'   \/><label for='answer-id-8282' id='answer-label-8282' class=' answer'><span>must be marked to market daily without taking into account any cash flow implications<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-1820'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>What does the Model Code recommend when setting the rates for an FX swap to extend its maturity:<\/div><input type='hidden' name='question_id[]' id='qID_8' value='1820' \/><input type='hidden' id='answerType1820' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1820[]' id='answer-id-8283' class='answer   answerof-1820 ' value='8283'   \/><label for='answer-id-8283' id='answer-label-8283' class=' answer'><span>the spot rate of the new swap must precisely reflect the rate of the maturing leg<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1820[]' id='answer-id-8284' class='answer   answerof-1820 ' value='8284'   \/><label for='answer-id-8284' id='answer-label-8284' class=' answer'><span>the quoting party can freely choose the spot rate but it must be fixed immediately<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1820[]' id='answer-id-8285' class='answer   answerof-1820 ' value='8285'   \/><label for='answer-id-8285' id='answer-label-8285' class=' answer'><span>the spot rate should be fixed immediately within the current spread<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1820[]' id='answer-id-8286' class='answer   answerof-1820 ' value='8286'   \/><label for='answer-id-8286' id='answer-label-8286' class=' answer'><span>the spot rate should roughly reflect the rates at the time the deal was done but can be fixed at a later date<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-1821'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>With respect to operational risk, which one of the following is pp a valid reason for a prime-broker to reject a trade given up?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='1821' \/><input type='hidden' id='answerType1821' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1821[]' id='answer-id-8287' class='answer   answerof-1821 ' value='8287'   \/><label for='answer-id-8287' id='answer-label-8287' class=' answer'><span>the trade is not a type of transaction permitted under the give-up agreement with the executing dealer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1821[]' id='answer-id-8288' class='answer   answerof-1821 ' value='8288'   \/><label for='answer-id-8288' id='answer-label-8288' class=' answer'><span>the trade is not within the specified tenor and\/or credit limits<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1821[]' id='answer-id-8289' class='answer   answerof-1821 ' value='8289'   \/><label for='answer-id-8289' id='answer-label-8289' class=' answer'><span>the trade details provided by the executing dealer and the client do not match<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1821[]' id='answer-id-8290' class='answer   answerof-1821 ' value='8290'   \/><label for='answer-id-8290' id='answer-label-8290' class=' answer'><span>the trade details provided by the executing dealer and the client match, but the prime-broker doesn\u2019t have time to check them<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-1822'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>What static data should an institution\u2019s on-boarding procedure include?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='1822' \/><input type='hidden' id='answerType1822' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1822[]' id='answer-id-8291' class='answer   answerof-1822 ' value='8291'   \/><label for='answer-id-8291' id='answer-label-8291' class=' answer'><span>SSIs, confirmation methods, global settlement limits, client contacts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1822[]' id='answer-id-8292' class='answer   answerof-1822 ' value='8292'   \/><label for='answer-id-8292' id='answer-label-8292' class=' answer'><span>SSIs and confirmation methods only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1822[]' id='answer-id-8293' class='answer   answerof-1822 ' value='8293'   \/><label for='answer-id-8293' id='answer-label-8293' class=' answer'><span>Credit lines and trading limits only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1822[]' id='answer-id-8294' class='answer   answerof-1822 ' value='8294'   \/><label for='answer-id-8294' id='answer-label-8294' class=' answer'><span>Solely client contacts for the Front Office and Operations<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-1823'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>According to the Model Code, who should be informed first about a dispute between a dealer and a broker?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='1823' \/><input type='hidden' id='answerType1823' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1823[]' id='answer-id-8295' class='answer   answerof-1823 ' value='8295'   \/><label for='answer-id-8295' id='answer-label-8295' class=' answer'><span>the regulator or the central bank<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1823[]' id='answer-id-8296' class='answer   answerof-1823 ' value='8296'   \/><label for='answer-id-8296' id='answer-label-8296' class=' answer'><span>the senior management of the bank and the brokerage firm<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1823[]' id='answer-id-8297' class='answer   answerof-1823 ' value='8297'   \/><label for='answer-id-8297' id='answer-label-8297' class=' answer'><span>the head of compliance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1823[]' id='answer-id-8298' class='answer   answerof-1823 ' value='8298'   \/><label for='answer-id-8298' id='answer-label-8298' class=' answer'><span>ACI\u2019s Committee for Professionalism (CFP)<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-1824'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>In order to give a price in EUR\/USD, the broker must:<\/div><input type='hidden' name='question_id[]' id='qID_12' value='1824' \/><input type='hidden' id='answerType1824' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1824[]' id='answer-id-8299' class='answer   answerof-1824 ' value='8299'   \/><label for='answer-id-8299' id='answer-label-8299' class=' answer'><span>know whether the European Central Bank or the Federal Reserve is in the market before quoting<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1824[]' id='answer-id-8300' class='answer   answerof-1824 ' value='8300'   \/><label for='answer-id-8300' id='answer-label-8300' class=' answer'><span>be sure that the quoting bank\u2019s prices are not shared with other brokers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1824[]' id='answer-id-8301' class='answer   answerof-1824 ' value='8301'   \/><label for='answer-id-8301' id='answer-label-8301' class=' answer'><span>get the price from a bank or a bid and an offer from different banks in order to make a two-way price, because the broker cannot make prices on his own<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1824[]' id='answer-id-8302' class='answer   answerof-1824 ' value='8302'   \/><label for='answer-id-8302' id='answer-label-8302' class=' answer'><span>make sure that the quoting banks have sufficient credit lines<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-1825'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>The use of standard settlement instructions (SSI\u2019s) is strongly encouraged because:<\/div><input type='hidden' name='question_id[]' id='qID_13' value='1825' \/><input type='hidden' id='answerType1825' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1825[]' id='answer-id-8303' class='answer   answerof-1825 ' value='8303'   \/><label for='answer-id-8303' id='answer-label-8303' class=' answer'><span>it reduces operational risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1825[]' id='answer-id-8304' class='answer   answerof-1825 ' value='8304'   \/><label for='answer-id-8304' id='answer-label-8304' class=' answer'><span>it splits differences arising from failed settlement between the two counterparties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1825[]' id='answer-id-8305' class='answer   answerof-1825 ' value='8305'   \/><label for='answer-id-8305' id='answer-label-8305' class=' answer'><span>it removes the need for sending out SWIFT confirmations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1825[]' id='answer-id-8306' class='answer   answerof-1825 ' value='8306'   \/><label for='answer-id-8306' id='answer-label-8306' class=' answer'><span>the use of SSI\u2019s secures the trading on more secure platforms<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-1826'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Counterparties, such as prime brokers, who provide others access to liquidity venues are responsible for their end users. <br \/>\r<br>They are not liable for:<\/div><input type='hidden' name='question_id[]' id='qID_14' value='1826' \/><input type='hidden' id='answerType1826' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1826[]' id='answer-id-8307' class='answer   answerof-1826 ' value='8307'   \/><label for='answer-id-8307' id='answer-label-8307' class=' answer'><span>the activities of their end users<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1826[]' id='answer-id-8308' class='answer   answerof-1826 ' value='8308'   \/><label for='answer-id-8308' id='answer-label-8308' class=' answer'><span>the end user\u2019s observance of the rules of individual execution venues<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1826[]' id='answer-id-8309' class='answer   answerof-1826 ' value='8309'   \/><label for='answer-id-8309' id='answer-label-8309' class=' answer'><span>the end user\u2019s membership in a registered trade association<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1826[]' id='answer-id-8310' class='answer   answerof-1826 ' value='8310'   \/><label for='answer-id-8310' id='answer-label-8310' class=' answer'><span>the end user\u2019s adherence to market best practice<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-1827'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>You hear from several counterparties that a major market participant has taken major losses on long USD\/JPY positions. You know the reports are false, as you have in fact bought large amounts of USD\/JPY from that very firm.<\/div><input type='hidden' name='question_id[]' id='qID_15' value='1827' \/><input type='hidden' id='answerType1827' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1827[]' id='answer-id-8311' class='answer   answerof-1827 ' value='8311'   \/><label for='answer-id-8311' id='answer-label-8311' class=' answer'><span>As you have heard the reports from other parties, you are entitled to pass them on to market news services.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1827[]' id='answer-id-8312' class='answer   answerof-1827 ' value='8312'   \/><label for='answer-id-8312' id='answer-label-8312' class=' answer'><span>As you have heard the reports from other parties, you are authorised to relay them to other market participants.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1827[]' id='answer-id-8313' class='answer   answerof-1827 ' value='8313'   \/><label for='answer-id-8313' id='answer-label-8313' class=' answer'><span>You should not relay any information you know to be false.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1827[]' id='answer-id-8314' class='answer   answerof-1827 ' value='8314'   \/><label for='answer-id-8314' id='answer-label-8314' class=' answer'><span>You should contradict the reports.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-1828'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>What guidelines does the Model Code provide concerning the practice in the interbank market of only one party to a transaction sending a written confirmation?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='1828' \/><input type='hidden' id='answerType1828' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1828[]' id='answer-id-8315' class='answer   answerof-1828 ' value='8315'   \/><label for='answer-id-8315' id='answer-label-8315' class=' answer'><span>it is only permissible in derivatives markets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1828[]' id='answer-id-8316' class='answer   answerof-1828 ' value='8316'   \/><label for='answer-id-8316' id='answer-label-8316' class=' answer'><span>both parties of a trade should send confirmations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1828[]' id='answer-id-8317' class='answer   answerof-1828 ' value='8317'   \/><label for='answer-id-8317' id='answer-label-8317' class=' answer'><span>it is recommended<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1828[]' id='answer-id-8318' class='answer   answerof-1828 ' value='8318'   \/><label for='answer-id-8318' id='answer-label-8318' class=' answer'><span>it is only permissible when dealing value today<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-1829'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Where voicemail equipment is used for the reporting and recording of off-premises transactions, voice mail should be:<\/div><input type='hidden' name='question_id[]' id='qID_17' value='1829' \/><input type='hidden' id='answerType1829' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1829[]' id='answer-id-8319' class='answer   answerof-1829 ' value='8319'   \/><label for='answer-id-8319' id='answer-label-8319' class=' answer'><span>installed on secret number known only to the chief dealer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1829[]' id='answer-id-8320' class='answer   answerof-1829 ' value='8320'   \/><label for='answer-id-8320' id='answer-label-8320' class=' answer'><span>installed and located in the office of the head of compliance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1829[]' id='answer-id-8321' class='answer   answerof-1829 ' value='8321'   \/><label for='answer-id-8321' id='answer-label-8321' class=' answer'><span>installed and located in such a way that reported transactions cannot be subsequently erased without senior management approval.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1829[]' id='answer-id-8322' class='answer   answerof-1829 ' value='8322'   \/><label for='answer-id-8322' id='answer-label-8322' class=' answer'><span>securely saved by recordings that have to be stored for at least a twelve-month period<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-1830'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>What should a dealer say to express his commitment to putting an additional bid or offer at a current bid or offer price already quoted by his broker?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='1830' \/><input type='hidden' id='answerType1830' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1830[]' id='answer-id-8323' class='answer   answerof-1830 ' value='8323'   \/><label for='answer-id-8323' id='answer-label-8323' class=' answer'><span>\u201csame way\u201d<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1830[]' id='answer-id-8324' class='answer   answerof-1830 ' value='8324'   \/><label for='answer-id-8324' id='answer-label-8324' class=' answer'><span>\u201cme too\u201d<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1830[]' id='answer-id-8325' class='answer   answerof-1830 ' value='8325'   \/><label for='answer-id-8325' id='answer-label-8325' class=' answer'><span>\u201cpar\u201d or \u201cparity\u201d<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1830[]' id='answer-id-8326' class='answer   answerof-1830 ' value='8326'   \/><label for='answer-id-8326' id='answer-label-8326' class=' answer'><span>\u201cjoin at\u201d or \u201csupport at\u201d<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-1831'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which one of the following statements about \u201cCLS rescinds\u201d is correct?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='1831' \/><input type='hidden' id='answerType1831' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1831[]' id='answer-id-8327' class='answer   answerof-1831 ' value='8327'   \/><label for='answer-id-8327' id='answer-label-8327' class=' answer'><span>CLS settlement members may rescind instructions unilaterally provided that the rescind messages reach the CLS Bank before the 00:00 CET deadline.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1831[]' id='answer-id-8328' class='answer   answerof-1831 ' value='8328'   \/><label for='answer-id-8328' id='answer-label-8328' class=' answer'><span>CLS settlement members may rescind instructions unilaterally provided that the rescind messages reach the CLS Bank before the 06:30 CET deadline.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1831[]' id='answer-id-8329' class='answer   answerof-1831 ' value='8329'   \/><label for='answer-id-8329' id='answer-label-8329' class=' answer'><span>CLS settlement members may rescind instructions bilaterally only if the rescind messages reach the CLS Bank before the 00:00 CET deadline.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1831[]' id='answer-id-8330' class='answer   answerof-1831 ' value='8330'   \/><label for='answer-id-8330' id='answer-label-8330' class=' answer'><span>CLS settlement members may rescind instructions bilaterally only if the rescind messages reach the CLS Bank after the 06:30 CET deadline.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-1832'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Operational efficiency, STP rates, quality and control effectiveness are the main indicators of operational performance. <br \/>\r<br>With whom and how often should they be reviewed?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='1832' \/><input type='hidden' id='answerType1832' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1832[]' id='answer-id-8331' class='answer   answerof-1832 ' value='8331'   \/><label for='answer-id-8331' id='answer-label-8331' class=' answer'><span>on a monthly basis with senior management and operations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1832[]' id='answer-id-8332' class='answer   answerof-1832 ' value='8332'   \/><label for='answer-id-8332' id='answer-label-8332' class=' answer'><span>at least monthly with compliance and risk management; on a more frequent and regular basis within operations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1832[]' id='answer-id-8333' class='answer   answerof-1832 ' value='8333'   \/><label for='answer-id-8333' id='answer-label-8333' class=' answer'><span>quarterly with senior management and on a monthly basis within operations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-1832[]' id='answer-id-8334' class='answer   answerof-1832 ' value='8334'   \/><label for='answer-id-8334' id='answer-label-8334' class=' answer'><span>at least monthly with senior management and on a more frequent and regular basis within operations<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-21'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br 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