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ACI-Financial 3I0-013 Reddit Questions

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Question 8

When would you use a SWIFT message type 103?

Options:

A.

For a foreign exchange confirmation

B.

For a multiple general financial institution transfer

C.

For a general financial institution transfer

D.

For a customer transfer

Question 9

Why are confirmations necessary?

Options:

A.

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

B.

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

C.

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

D.

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

Question 10

Which of the following types of payment demands extra diligence and review procedures?

Options:

A.

Nostro funding payment

B.

Third party payment

C.

Value spot USD payment

D.

Value spot payment for currency equivalents> USD 3,000,000.00

Question 11

You bought a 6x9 EUR 8,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) EURIBOR is 0.25%. What amount do you pay or receive?

Options:

A.

Pay EUR 10,000.00

B.

Receive EUR 10,000.00

C.

Pay EUR 9,993.75

D.

Receive EUR 9,993.75

Page: 2 / 14
Exam Code: 3I0-013
Exam Name: ACI Operations Certificate challenging
Last Update: Mar 4, 2024
Questions: 386
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