ACI 3I0-002 : ACI THE MODEL CODE EXAMINATION

  • Exam Code: 3I0-002
  • Exam Name: ACI THE MODEL CODE EXAMINATION
  • Updated: Jul 31, 2026
  • Q & A: 100 Questions and Answers

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Introduction to ACI FX Global Code Certificate Exam

The ACI FX Global Code Certificate Exam is the new exam version that has replaced the well known ACI Model Code exam (3I0-002). As Model code exam was retired in 2017, this document will only focus on the ACI FX Global Code Certificate Exam.

The ACI FX Global Code Certificate Exam tests the comprehension of the six topics and 55 principles set out in the Global Code by a person and is an excellent first step in demonstrating compliance with the new Code and a possible differentiator in terms of career advancement. The program is designed for market participants (as specified by the FX Global Code), including buying and selling groups, intermediaries, regulators and central banks, and is applicable to individuals engaged in front-end trading, middle-class, working, compliance and risk functions.

This certification aims to ensure that market participants operate to the highest standards of ethical conduct and best market practices. This Credential is an exemplary first step in demonstrating conformity to appropriate competent authorities with the latest Global Code and a potential differentiator in terms of ‘Code compliance' and career growth.

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ACI 3I0-002 Exam Syllabus Topics:

SectionObjectives
Dealing Practice- Trading procedures
  • 1. Broker relationships
  • 2. Deal execution and confirmation
  • 3. Voice and electronic trading practices
  • 4. Firm and indicative quotations
General Principles of Conduct- Market integrity
  • 1. Conflicts of interest
  • 2. Professional behavior
  • 3. Honesty and fair dealing
  • 4. Confidentiality obligations
Introduction and Scope of the Model Code- Purpose and objectives
  • 1. Role of the Model Code in OTC financial markets
  • 2. Professional standards and ethical principles
Disputes and Professional Standards- Resolution procedures
  • 1. Adherence to the Model Code
  • 2. Mediation principles
  • 3. Handling disputes between counterparties
Market Practice- OTC market conventions
  • 1. Money market conventions
  • 2. Foreign exchange market conventions
  • 3. Derivative transaction practices
Operational Controls- Post-trade processes
  • 1. Settlement procedures
  • 2. Record keeping
  • 3. Error handling
  • 4. Trade confirmation
Risk Management and Compliance- Control framework
  • 1. Internal controls
  • 2. Compliance responsibilities
  • 3. Credit and settlement risk
  • 4. Operational risk management

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