Summer Certification Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code = getmirror

Pass the ACI-Financial 3I0-013 Questions and answers with ExamsMirror

Practice at least 50% of the questions to maximize your chances of passing.
Exam 3I0-013 Premium Access

View all detail and faqs for the 3I0-013 exam

Go to Exam

697 Students Passed

84% Average Score

97% Same Questions
Viewing page 4 out of 12 pages
Viewing questions 31-40 out of questions
Questions # 31:

What does "SWIFT" stand for?

Options:

A.

Society for World-wide Interbank Financial Transactions

B.

Society for World-wide Interbank Financial Telecommunications

C.

Society for World-wide International Financial Transactions

D.

Society for World-wide International Financial Trading

Questions # 32:

Which one of the following best describes the correct order of the settlements process?

Options:

A.

Netting, trade entry, settlement, confirmation, nostro reconciliation

B.

Confirmation, netting, trade entry, settlement, nostro reconciliation

C.

Trade entry, confirmation, netting, settlement, nostro reconciliation

D.

Trade entry, confirmation, settlement, nostro reconciliation, netting

Questions # 33:

In what order would the currencies of the major currency pairs generally be quoted in forex?

Options:

A.

EUR/USD, USD/JPY, USD/GBP, USD/CHF, USD/CAD, USD/AUD

B.

EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

C.

EUR/USD, USD/JPY, GBP/USD, USD/CHF, CAD/USD, AUD/USD

D.

EUR/USD, USD/JPY, GBP/USD, USD/CHF, CAD/USD, USD/AUD

Questions # 34:

Who is in charge of maintaining complete records of all transactions and any additional documentation in accord with internal guidelines and regulatory requirements?

Options:

A.

Operations

B.

Compliance

C.

Internal Audit

D.

Archives

Questions # 35:

Which of the following is the main objective of position-keeping?

Options:

A.

Measuring market exposure

B.

Defining capital adequacy

C.

Evaluating country risk

D.

Monitoring counterparty credit risk

Questions # 36:

With regard to operational risk awareness, which of the following best practices is incorrect?

Options:

A.

A report describing operational risks, the most significant incidents and corrective plans of action should be established on a quarterly basis.

B.

It is good practice to collect and analyze incidents and near-misses so as to set up preventive action plans for the future.

C.

Every time a report describing operational risks is produced, it should be provided to senior management.

D.

Whenever possible action plans should be put in place that mitigate operational risks that have been identified.

Questions # 37:

If you had bought USD/CNY at 6.2500 in a NDF and if it fixed at a spot rate of 6.3000, you would expect to:

Options:

A.

Pay a cash settlement in USD

B.

Pay a cash settlement in CNY

C.

Receive a cash settlement in USD

D.

Receive a cash settlement in CNY

Questions # 38:

What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?

Options:

A.

EONIA - 5 basis points

B.

EONIA flat

C.

0%

D.

EONIA -10 basis points

Questions # 39:

The premium for a EUR/USD vanilla FX option is paid:

Options:

A.

When the option is exercised

B.

Two business days after the trade

C.

When the option transaction takes place, and it is repaid to the buyer when he exercises the option

D.

In monthly installments until the option is exercised

Questions # 40:

In order to be introduced in a controlled manner, which areas should be involved before a new product or business strategy is launched?

Options:

A.

Product Control, Legal and Compliance, Front Office, Treasury and Operations

B.

Senior management only

C.

Front Office and Treasury Middle Office

D.

All relevant areas

Viewing page 4 out of 12 pages
Viewing questions 31-40 out of questions
TOP CODES

TOP CODES

Top selling exam codes in the certification world, popular, in demand and updated to help you pass on the first try.

2V0-11.25
ADM-201
Agentforce-Specialist
CMMC-CCP
Data-Cloud-Consultant
PDI
PSE-Strata-Pro-24
Secure-Software-Design
Sharing-and-Visibility-Architect
Workday-Pro-Integrations
ZDTA