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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

Which one of the following statements about claims is true?

Options:

A.

Claims are not expected to be submitted after 15 days from the actual settlement date.

B.

Claims of less than USD 5,000.00 are not expected to be submitted.

C.

Claims are calculated on the full principal amount of the failed transaction. Interest rates are imposed by the agent banks, unless a higher negotiated rate is to be applied.

D.

Acknowledgement of receipt of a claim should be confirmed within 48 hours by email or SWIFT.

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Question 2

If today's spot date were Monday, 1 March, what would be the maturity of a 1-month CHF interbank deposit, assuming that there are no intervening bank holidays?

Options:

A.

Tuesday, 30 March

B.

Wednesday, 31 March

C.

Thursday, 1 April

D.

Friday, 2 April

Question 3

Which one of the following statements regarding the segregation of duties in the confirmation process is incorrect?

Options:

A.

Front office staff should not be able to modify confirmations.

B.

The staff who confirm trades should be distinct from those who agree to and execute trades.

C.

The process of confirming trades should be done only by Operations staff.

D.

Only staff who agree to and execute trades should be permitted to modify any details of the written confirmation.