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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

Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 6% p.a. plus reserve costs of EUR 1.00 per thousand. How much will your account be charged for this overdraft?

Options:

A.

EUR 8,219.18

B.

EUR 8,333.33

C.

EUR 18,219.18

D.

EUR 18,333.33

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Question 2

What is an essential feature of nostro reconciliations?

Options:

A.

That a daily nostro reconciliation report is sent out to the correspondent bank

B.

That they are performed before the next business day

C.

That they are performed in a timely and efficient way

D.

That open items are booked on an internal account

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