original questions 3I0-008 ACI cert24
original questions 3I0-008 ACI cert24

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original questions 3I0-008 ACI cert24

QUESTION 1
Click on the Exhibit Button to view the Formula Sheet. When using legal documentation,
proposed modifications:

A. Should be documented as soon as possible after a deal is done.
B. Should be clearly stated before a deal.
C. Can be agreed verbally.
D. Are not permissible.

Answer: B

QUESTION 2
Click on the Exhibit Button to view the Formula Sheet.What are IMMdates?

A. The 10th of March, June, September and December.
B. The third Wednesdays of January, April, July and October.
C. The Mondays before the third Wednesdays of March, June, September and December.
D. The third Wednesdays of March, June, September and December.

Answer: D

QUESTION 3
Click on the Exhibit Button to view the Formula Sheet. How could your firm avoid the risks of dealing through an agent with an unknown principal?

A. Insist on a guarantee by the intermediary.
B. Have the intermediary identify the principal to the compliance, legal or credit functions, but only give codes to your dealers.
C. It is not possible to avoid these risks unless you demand that the principal is
identified before each transaction.
D. In practice, the risks are minimal provided you deal through a reputable agent.

Answer: B

original questions 3I0-008 ACI cert24