Changed 3I0-013 Exam Questions

ACI Operations Certificate challenging Questions and Answers

Question 37

Which of the following currencies is eligible for CLS settlement?

ZAR

TRY

MYR

CNY

Question 38

Which of the following processes are offered by the CLS settlement system?

The close-out process

The customer matching process

The settlement process

The securities lending process

Question 39

Why are confirmations necessary?

Confirmations authenticate the transaction to the risk manager, as well as providing essential information regarding bilateral limits.

in order to authenticate the BIC-code of the counterparty when the confirmation is sent via SWIFT.

in order to have the exact mailing address of the counterparty when the confirmation is sent via mail.

Confirmations authenticate transactions to staff independent of the dealing room, as well as providing essential information regarding settlement.

Question 40

What is an essential feature of nostro reconciliations?

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

That they are performed before the next business day

That they are performed in a timely and efficient way

That open items are booked on an internal account