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Question 44

The control failings involving Barings and Daiwa highlight the critical importance of what operational risk management practice?

Options:

A.

The taping of conversations between counterparties

B.

Model signing-off and implementation controls

C.

The separation between front/back office duties

D.

The existence of contingency plans

Question 45

Which one of the following statements about "CLS rescinds" is correct?

Options:

A.

CLS settlement members may rescind instructions unilaterally provided that the rescind messages reach the CLS Bank before the 00:00 CET deadline.

B.

CLS settlement members may rescind instructions unilaterally provided that the rescind messages reach the CLS Bank before the 06:30 CET deadline.

C.

CLS settlement members may rescind instructions bilaterally only if the rescind messages reach the CLS Bank before the 00:00 CET deadline.

D.

CLS settlement members may rescind instructions bilaterally only if the rescind messages reach the CLS Bank after the 06:30 CET deadline.

Question 46

The fixing of a EUR FRA usually takes place:

Options:

A.

At the end of the FRA period

B.

When the deal is done

C.

Two business days before the start date of the FRA period

D.

On the third Monday of the contract month

Question 47

Which kind of confirmation does the Model Code strongly recommend?

Options:

A.

Verbal confirmation

B.

Voice affirmation

C.

Electronic confirmation

D.

Physical confirmation

Page: 11 / 14
Exam Code: 3I0-013
Exam Name: ACI Operations Certificate challenging
Last Update: Apr 15, 2024
Questions: 386
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