ACI - Operations Certificate: 3I0-010

In the Euro deposit markets, what is spot?

A. value one bank business day forward

B. value two bank business days forward

C. value one calendar day forward

D. value two calendar days forward

What is the function of the cash positions keeper?

A. He/she acts as a running control on the balance of a nostro, alerting the treasury dealer when funds are running too low or too high for a particular value day measured by agreed upon internal parameters

B. He/she assists the dealer in deciding which currency to invest in

C. He/she informs back office staff about which kind of confirmations are to be used

D. He/she acts as a running control on the balance of an internal account, alerting the treasury dealer when fees are running too low or high for a particular value day

An interest rate CAP can be defined as:

A. a series of American call options on FRAs

B. a series of European call options on FRAs

C. a series of American put options on FRAs

D. a series of European put options on FRAs