Exam 1: ACI Dealing Certificate-Part A

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An option contract that gives the buyer the right to exercise the option at several distinct points during its life is called:

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Deals transacted direct or via a broker prior to 5:00am Sydney time on Monday morning:

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What is a master agreement intended to do?

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You buy a 181-day 2.75% CD with a face value of USD 1,500,000 at par when it is issued. You sell it in the secondary market after 150 days at 2.60%. What is your holding period yield?

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The use of mobile phones from within the dealing room for transacting business:

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The organisational structure of market participants should ensure a strict segregation between front and back office of:

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Are the forward points materially affected by changes in the spot rate?

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When dealing with a fund manager, who will allocate shares in a transaction to his unknown clients after the transaction has been executed with you, you should:

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You are quoted the following market rates: spot GBP/USD. 1.6530 9M (272-day) GBP. 3.60% 9M (272-day) USD. 1.95% What are the 9-month GBP/USD forward points?

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Where dealing through an intermediary with an unidentified principal, the Model Code recommends:

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A customer based in the UK exports automotive parts to the US. His main competitor is in France? What type of exposure to currency risk is posed by movements in EUR/USD?

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What is the purpose of a long strangle option strategy?

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Banks have a fiduciary responsibility to ensure that clients have all necessary information to understand the transaction because this:

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When is interest conventionally due on a 3-year interbank eurodollar deposit?

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Under which circumstances are banks allowed to park positions with a counterparty?:

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An option contract that gives the buyer the right to exercise the option at the average of the prices of the underlying during its life is called:

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A broker can consider a deal as done if:

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The delta of an at-the-money long call option is:

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Eurodollar futures are:

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What is the ISO code for the currency of Hungary?

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