Free ACI 3I0-013 Practice Test & Real Exam Questions

Exam Code/Number: 3I0-013
Exam Name/Title: ACI Operations Certificate challenging
Certification Provider: ACI
Corresponding Certification: ACI-Financial Markets Association

Exam Questions: 386
Updated On: Jun 05, 2026

Question #1

In order to be introduced in a controlled manner, which areas should be involved before a new product or business strategy is launched?

A. Product Control, Legal and Compliance, Front Office, Treasury and Operations

B. Front Office and Treasury Middle Office

C. Senior management only

D. All relevant areas

Discussion 0

Correct Answer: C Vote an answer

Question #2

A EUR based bank has a USD-convertible bond. What market risks are present?

A. Stock price and currency risks

B. Stock price risk

C. Interest rate and currency risks

D. Interest rate, stock price and currency risks

Discussion 0

Correct Answer: D Vote an answer

Question #3

Which of the following risks is best mitigated by CLS?

A. Currency risk

B. Liquidity risk

C. Operational risk

D. Settlement risk

Discussion 0

Correct Answer: D Vote an answer

Question #4

What is a ladder maturity report?

A. A report that starts with the net open position and runs off day by day to arrive at a zero balance

B. A report of outstanding securities transactions

C. A report that begins with a zero balance and at the end of the day, lists all FX deals by maturity

D. A list of the maturity of all deals per value date

Discussion 0

Correct Answer: D Vote an answer

Question #5

What is a future nostro balances report?

A. Alist of the final maturity of bonds per value date

B. Areport produced to show the anticipated balance on the account as a result of running off existing business

C. An account of the possible fees to be paid

D. Acomparison of the overdraft interest to be paid on different nostro accounts

Discussion 0

Correct Answer: B Vote an answer

Question #6

In error, your dealer enters a trade whereby he buys GBP 8,000,000.00 against USD at 1.5500, but manages to cover it at the same rate. When the initial mistaken trade is cancelled, however, the rate has since changed to 1.5200. What is the effect on P&L?

A. Loss GBP 240,000.00

B. Profit GBP 240,000.00

C. Profit USD 240,000.00

D. Loss USD 240,000.00

Discussion 0

Correct Answer: A Vote an answer

Question #7

Internal nostro ledger accounts:

A. Are used to book internal tax related items

B. Generally mirror the nostro statements

C. Are commonly used to register off-balance sheet movements

D. Are reserved for audit and compliance purposes only

Discussion 0

Correct Answer: D Vote an answer

Question #8

Some large losses occurred in the past from derivatives trading because:

A. Derivatives brokers significantly over-charged their clients

B. Money managers embezzled money using derivatives

C. Money managers engaged in intra-day trading

D. Institutions did not understand the leverage of their transactions

Discussion 0

Correct Answer: B Vote an answer

Question #9

What are the consequences for credit risk when a collateral agreement is added to a netting agreement?

A. A collateral agreement can reduce the replacement risk

B. A collateral agreement can reduce operational risk

C. A collateral agreement can reduce market risk

D. A collateral agreement eliminates the future replacement risk

Discussion 0

Correct Answer: A Vote an answer

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