Practice 002-201 Exam Online

Question 1

Your FX swap dealer sold and bought 2 months USD/CHF 10,000,000.00; rates were set to 0.9300 against 0.9285. What payment is your bank expecting in two months from now?

A : CHF 9,300,000.00

B : CHF 10,770,059.24

C : CHF 9,285,000.00

D : USD 10,000,000.00

Answer: D

Question 2

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

A : MT 202 and MT 103

B : MT 202 and MT 210

C : MT 200 and MT 103

D : MT 103 and MT 210

Answer: A

Question 3

Which one of the following bonds uses variable rates?

A : bond warrants

B : reverse convertibles

C : zero coupons

D : FRN Minima's

Answer: D

Question 4

Which of the following is the best description of a broken trade”?

A : When a trade has been agreed to with dates (maturities) different from the standard dates

B : When one of the parties to the deal unilaterally decides to withdraw from the on-going transaction

C : When, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction

D : When, due to a system break, one or both parties to the deal are unclear as to whether the deal has been done

Answer: D

Question 5

What is a settlement date?

A : The date by which the interest payment on an operation must be made

B : The last date by which the minimum reserve amount can be paid to the central bank

C : The date, on which settlement must be made on the contracted amount or the differential amount of an operation

D : The date a deal is processed

Answer: C

Name:	ACI Operations Certificate New Version Exam
Exam Code:	002-201
Certification:	ACI Operations Certificate
Vendor:	ACI
Total Questions:	340
Last Updated:	Jan 06, 2026

ACI 002-201 Answers