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ACI Dealing Certificate Exam: Questions & Answers, Study Material

ACI Dealing Certificate is an institutional curriculum. It allows entrants to put on a working understanding of the operation and structure of the most important money markets and foreign exchange, applications of the basic mathematics that are used in such markets, mainstay products such as cash, forwards, and derivative and the basic skills compulsory for competent partaking.
The curriculum and respective exam are redesigned with 5 topics that cover the complete range of foreign exchange, commodities instruments, and interest rates and also related markets with quantitative and theoretical sessions as well to the financial market environment and applications with theory-based questions.
Building upon the capability skills given by ACI dealing certification exam, future financial market professionals will be anticipated to prove the understanding and observance of the good market practices entrenched in pertinent industry codes and norms.

Focused group for ACI exam-

The ACI dealing certificate study material is designed for:
1- New applicants and junior dealers into the dealing rooms
2- Middle office and operations staff
3- Compliance & risk officers
ACI dealing certification exam is a predecessor to ACI diploma.

About the ACI Dealing Certificate examination-

In every ACI dealing certification exam, aspirants will be asked 70 MCQs to be correctly answered within the time of 2 hours. This computer-based examination will be conducted in the chosen test centre throughout the globe. There are 5 core subject areas in ACI namely-
1- Foreign exchange
2- Financial market environment
3- FICC
4- Rates
5- Financial market applications

#1 Consultancy for ACI Certificate Registration

    ACI Dealing Certificate Preparations-

    Aspirants can prepare for the ACI exam through training methods like classroom training, ACI dealing certificate study material, and e-learning tools.

    Why ACI Dealing Certificate?

    Career & employer advantages:
    1- It maximizes the chances national and globally with worldwide talent
    2- Fulfil the needs that are set up by the financial service authorities for regulated activities
    3- Get familiar with the worldwide standards and skill set that is particular to the treasury.
    4- Become a member of the global community of ACI certificate holders
    5- Let the administration pass risk conducted by regulators

    Who can undertake ACI Dealing Certificate?

    It is for:
    1- New candidates and junior dealers that have 0-18 months of understanding in the dealing room
    2- Auditors and compliance officers
    3- Middle office and operational personnel
    4- Risk managers
    5- Fund managers
    6- Financial analysts with a good understanding and knowledge of financial English

    ACI Dealing Certificate Exam information-

    1- All ACI tests are computer-based
    2- ACI dealing certificate is available in English and German
    3- It is primarily delivered in English and German language
    4- The exam fee is 250 €
    5- It lasts for 2 hours and have 90 MCQs
    6- Overall passing level is 60%
    7- Criteria for each topic are:
    8- Grades- pass 60%-69.99%
    9- Merit- 70%-79.99%
    10- Distinction 80% and plus
    If an aspirant fails, the test can be taken many times. Aspirants who passed the test successfully are permitted to use the title Dc on the business card.

    ACI Dealing Certificate Exam Questions & Answers -

    1- Does a candidate needed to be an ACI member to take the exam?

    No, anybody can take the test.

    2- Where can aspirants take the test?

    The test is computerized and they can take it at any of many testing centres spread across the world. To get the list of centres one can go to www.prometric.com

    3- When a candidate can take the test?

    They can take the test whenever feel prepared. They can book the test for the date and time of their own choice.

    4- Can a candidate change the date?

    Yes, one can change the date but at least 2 days prior.

    5- Is a calculator allowed?

    Yes, candidates can take a normal calculator only.

    Some ACI dealing certificate questions and answers for preparation ideas:

    Question-1) An overnight deposit of GBP 10,000,000.00 is made on Monday at 0.40% and is then rolled on Tuesday at 0.45%, on Wednesday at 0.50%, on Thursday at 0.48%, and on Friday at 0.53%. How much is repaid (principal plus interest) on the following Monday?

    1. GBP 10,000,936.99
    2. GBP 10,000,950.03
    3. GBP 10,000,937.02
    4. GBP 10,000,646.59

    Question-2) Which counterparty in a classic repo usually takes an initial margin?

    1. The seller
    2. The buyer
    3. Both
    4. Neither

    Question-3) What is the day count/annual basis convention for ZAR money market deposits?

    1. 30E/360
    2. ACT/ACT
    3. ACT/360
    4. ACT/365

     

     

     

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