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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

As to deal confirmations, who is your counterparty on futures contracts?

Options:

A.

The futures exchange itself

B.

The clearing house of the futures exchange

C.

Your broker

D.

The ISDA

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Question 2

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.

Question 3

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