ACI 3I0-008 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 3I0-008
Exam Name/Title: ACI DEALING CERTIFICATE
Certification Provider: ACI
Corresponding Certification: ACI-Financial Markets Association

Exam Questions: 320
Updated On: Aug 08, 2026

Question #1

Click on the Exhibit Button to view the Formula Sheet.
A customer gives you GBP 25 million at 6.625% same day for 7 days.
Through a broker, you place the funds with a bank for the same period at 6.6875%.
Brokerage is charged at 2 basis points per annum.
What is the net profit or loss on the deal?

A. Loss of GBP 299.66

B. Profit of GBP 203.77

C. Profit of GBP 299.66

D. Loss of GBP 203.77

Discussion 0

Correct Answer: B Vote an answer

Question #2

Click on the Exhibit Button to view the Formula Sheet. When using legal documentation, proposed modifications:

A. Can be agreed verbally.

B. Are not permissible.

C. Should be clearly stated before a deal.

D. Should be documented as soon as possible after a deal is done.

Discussion 0

Correct Answer: C Vote an answer

Question #3

Click on the Exhibit Button to view the Formula Sheet. Under the Model Code, if a broker shouts "done" or "mine" at the very moment a dealer shouts "off":

A. It should be resolved in consultation with senior management.

B. No deal is done.

C. The central bank should be consulted.

D. The deal is done.

Discussion 0

Correct Answer: D Vote an answer

Question #4

Click on the Exhibit Button to view the Formula Sheet. What is the primary function of GC repo, particularly very short -term transactions?

A. Interest rate positioning

B. Covering short positions

C. Dividend tax arbitrage

D. Financing long positions

Discussion 0

Correct Answer: D Vote an answer

Question #5

Click on the Exhibit Button to view the Formula Sheet. Market participants should, where activity justifies it, aim to reduce settlement and related credit risk on currency transactions by:

A. Establishing realistic daylight limits for counterparties.

B. Establishing legally binding bilateral netting agreements with counterparties or participating in a multilateral netting system.

C. Seeking pre-payment.

D. Monitoring all payments to counterparties who are known to be experiencing difficulties.

Discussion 0

Correct Answer: B Vote an answer

Question #6

Click on the Exhibit Button to view the Formula Sheet. You bought a EUR 8,000,000 6x9 FRA at 4.50%. The settlement rate is 3-month (90-day) EURIBOR, which is fixed at 3.50%.
What is the settlement amount at maturity?

A. You receive EUR 19,826.52

B. You receive EUR 20,000.00

C. You pay EUR 20,000.00

D. You pay EUR 19,826.52

Discussion 0

Correct Answer: D Vote an answer

Question #7

Click on the Exhibit Button to view the Formula Sheet. If a broker refers to "the payer of 5- year euro at 4.12", what is this party doing?

A. Paying a fixed rate of 4.12% per annum on an actual/actual basis over 5 years in euros through an interest rate swap in exchange for receiving a floating rate of 6-month Euribor on an actual/360 basis reset semi-annually and paid in arrears.

B. Paying a 5-year euro deposit and receiving a rate of interest of 4.12% on an actual/360 basis.

C. Taking a 5-year euro deposit and paying a rate of interest of 4.12% on an actual/360 basis.

D. Paying a fixed rate of 4.12% per annum on a 30/360 basis over 5 years in euros through an interest rate swap in exchange for receiving a floating rate of 6-month Euribor on an actual/360 basis reset semi-annually and paid in arrears.

Discussion 0

Correct Answer: D Vote an answer

Question #8

Click on the Exhibit Button to view the Formula Sheet. How can material divergences between the value of cash and collateral be managed in a documented sell/buy-back?

A. Re-pricing

B. Either of the above, but usually (a)

C. Margin maintenance

D. Either of the above, but usually (b)

Discussion 0

Correct Answer: D Vote an answer

Question #9

Click on the Exhibit Button to view the Formula Sheet.
You are quoted the following market rates:
spot EUR/USD. 1.2250
3M (91-day) EUR 2.55%
3M (91-day) USD. 2.00%
What is 3-month EUR/USD?

A. 1.2233

B. 1.2234

C. 1.2232

D. 1.2267

Discussion 0

Correct Answer: A Vote an answer

Question #10

Click on the Exhibit Button to view the Formula Sheet. Bank XYZ calls you for a quote in EUR/USD for EURO 20 million. If you decide to quote to Bank XYZ:

A. You must be prepared to deal up to EUR 20 million.

B. You may quote without stating the amount you are prepared to deal.

C. None of the above.

D. You are only committed to deal in a marketable amount.

Discussion 0

Correct Answer: A Vote an answer

Question #11

Click on the Exhibit Button to view the Formula Sheet.
From the following GBP deposit rates:
1M (31-day) GBP deposits3.15%
2M (61-day) GBP deposits3.25%
3M (91-day) GBP deposits3.41%
4M (120-day) GBP deposits3.56%
5M (152-day) GBP deposits3.73%
6M (182-day) GBP deposits3.90%
calculate the 3x4 forward-forward rate.

A. 3.997%

B. 3.410%

C. 3.996%

D. 3.977%

Discussion 0

Correct Answer: A Vote an answer

Question #12

Click on the Exhibit Button to view the Formula Sheet. What are the secondary market proceeds of a CD with a face value of EUR 5 million and a coupon of 3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to maturity?

A. EUR 5,000,000.00

B. EUR 5,071,086.45

C. EUR 4,997,085.03

D. EUR 5,072,874.16

Discussion 0

Correct Answer: D Vote an answer

Question #13

Click on the Exhibit Button to view the Formula Sheet.
Your are quoted the following rates:
spot CHF/JPY 80.12-22
3M CHF/JPY 25.5/22.5
At what rate can you buy 3-month outright JPY against CHF?

A. 79.965

B. 79.865

C. 79.895

D. 79.995

Discussion 0

Correct Answer: B Vote an answer

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