3I0-013 Exam Dumps - ACI Operations Certificate challenging

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Question # 49

How would you denote that EUR funds are to be paid via TARGET2 on a typical MT 202 message?

There is no need to note this separately as payments via TARGET2 are made only in EUR.

The code word "viaTARGET2" is used in field 72 - "Bank to Bank Information".

7/RT" is indicated once in the optional account number field 56A, 57A or 58A.

The code word "TARGET2" is used in the "Pay To Bank" field.

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Question # 50

In the US commercial paper market, commercial paper is limited to:

a 270-day tenor

a 360-day tenor

a 365-day tenor

a 366-day tenor

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Question # 51

Which action results in the highest STP-Rate?

The daily reconciliation of nostro accounts

The use of a Continuous Linked Settlement

The use of internal limits regulations such as counterparty limits and country limits

A trade confirmation check

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Question # 52

CLS stands for which of the following:

Continuous Linked Settlement

Cash Linked Settlement

Credit Linked Securities

Counterparty Limit System

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Question # 53

Today, the spot value for a USD deposit is Wednesday, 29 February. What is the 4 months maturity date? (Assume that there are no bank holidays)

Thursday, 27 June

Friday, 28 June

Saturday, 29 June

Monday, 1 July

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Question # 54

Your money market dealer has accepted a deposit of NOK 10,000,000.00 at 2.375% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at maturity?

NOK 10,240,799.00

NOK 240,798.61

NOK 10,237,500.00

NOK 10,240,798.61

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Question # 55

Today is Monday, 8 December. You sell a 9x12 FRA in EUR. When will the settlement amount be paid or received, assuming that there are no bank holidays?

8 September

10 September

8 December

10 December

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Question # 56

Which of the following statements about "standard settlement instructions" (SSI) is correct?

The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.

SSIs should be stored and maintained in the bank's general static data system.

Each institution should have a separate SSI team to prevent / minimize the potential risk of fraud.

SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.

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