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3I0-013 Exam Dumps : ACI Operations Certificate challenging

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ACI Operations Certificate challenging Questions and Answers

Question 1

Why is securities reconciliation necessary?

Options:

A.

To prevent that a failed order results in a failure to settle that day, which in turn would lead to an incompletely-reconciled account.

B.

To facilitate the handling of complex security transactions.

C.

In order to save data capacity in electronic archiving systems.

D.

To anticipate the fact that clearing houses stop processing in the afternoon, whereas payment orders may still be processed until 6 p.m.

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Question 2

What does "arrange good value payment" mean?

Options:

A.

To cancel an initial payment order and to process a new one with a higher amount

B.

To suspend a payment order until the balance becomes positive again

C.

To adjust the amount of fees to be paid

D.

To change the value date of a payment order

Question 3

If a bank incurs interest charges from having overdrawn an account due to a late payment from a counterparty:

Options:

A.

The bank is entitled to seek reimbursement from the party responsible for the late payment.

B.

Nothing can be done to compensate the bank for the interest charges it incurs.

C.

The bank should file a complaint with ACI’s Committee for Professionalism.

D.

The bank will automatically be reimbursed by the party responsible for the late payment.