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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

The CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?

Options:

A.

To simplify domestic payments

B.

To handle interbank liquidity more efficiently

C.

To accelerate cross-border payments

D.

To minimize settlement risks

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Question 2

You are in the pub with a friend who works for another financial institution. The friend asks you for information about a mutual customer's forward foreign exchange dealing volumes. What should you do?

Options:

A.

Tell him all you know

B.

Tell him nothing

C.

Give him some of the information because the deal involves a mutual customer

D.

Tell him you will investigate and get back to him with the information

Question 3

Which interest rates are used to calculate the exchange rate of an outright transaction value tomorrow (over tom)?

Options:

A.

The overnight interest rates of both currencies

B.

The spot next interest rates of both currencies

C.

The one week interest rates of both currencies

D.

The torn next interest rates of both currencies