ACI 3I0-013 Dumps PDF Free Download - Page: 6

QUESTION: 26

You have five outstanding amounts with five different values. Which of the following should be investigated first?

The most recently processed deal
The counterparties in your own country
The counterparty which claims first
Those positions with the highest loss potential

Answer(s): D

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QUESTION: 27

What is the primary role of the position-keeper in a dealing room?

To keep the multilateral limits updated
To invest funds at the highest available interest rate
To keep the balance or position of the accounts or nostros in each currency representing the accounts held by the bank’s agents
To keep the management informed about interest rate developments

Answer(s): C

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QUESTION: 28

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

Answer(s): C

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QUESTION: 29

You have two nostro accounts in USD, one account is long USD 5,000,000.00 and the other is short USD 5,000,000.00. What action should be taken to reconcile the accounts?

No action is required. The credit interest earned on the credit balance will offset the debit interest incurred on the short balance
You should borrow USD 5,000,000.00 to cover the short balance and leave the long balance as it is
You should lend the surplus USD 5,000,000.00 in order to compensate the overdraft charges on the short balance with the interest earned on the loan
You should instruct the bank with the long balance to transfer USD 5,000,000.00 to your nostro account at the other bank

Answer(s): D

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QUESTION: 30

Which kind of report is a reconciliation system unable to produce?

A “probable matched items report” (a report in which most fields match but there are some discrepancies)
A “calculated fees report” (a report of the expected fees owed)
A “matched items report” (a report of all fields that match)
An “unmatched items report” (a report of items for which one is unable to find matches)

Answer(s): B

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ACI Operations Certificate 3I0-013 Exam Questions in PDF

Free ACI 3I0-013 Dumps Questions (page: 6)

QUESTION: 26

QUESTION: 27

QUESTION: 28

QUESTION: 29

QUESTION: 30