ACI 3I0-010 Exam (page: 7)
ACI 3I0-010 -Operations Certificate
Updated on: 25-Dec-2025

Viewing Page 7 of 70

According to ISDA definitions, if an USD IRS payment is due value Saturday, 31 May and the documentation states that the "modified business day convention" will be used, what value date should be applied to the payment?

  1. Saturday, 31 May
  2. Tuesday, 3 June
  3. Monday, 2 June
  4. Friday, 30 May

Answer(s): D



Which action results in the highest STP-Rate?

  1. the daily reconciliation of nostro accounts
  2. the use of a Continuous Linked Settlement
  3. the use of internal limits regulations such as counterparty limits and country limits
  4. a trade confirmation check

Answer(s): B



What is the main role of back office staff?

  1. to confirm the accuracy of counterparties mailing addresses
  2. to inform the central bank when a country limit is higher than a fixed level
  3. to ensure that trades are confirmed and settled correctly in accord with best market practice recommendations
  4. to be in constant contact with the counterparties front office staff

Answer(s): C



A broker:

  1. is an agent who mediates between buyers and sellers, for their mutual financial interest
  2. controls country limits in cooperation with the compliance officer
  3. is responsible for reducing transaction fees
  4. acts as a correspondent bank

Answer(s): A



A dealer belongs to:

  1. the money laundering staff
  2. the middle office staff
  3. the front office staff
  4. the back office staff

Answer(s): C



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