Free 3I0-010 Exam Braindumps (page: 33)

Page 33 of 86

What is a loro or vostro bank account?

  1. an account that you hold with another bank
  2. an account that another bank holds with you
  3. an account that you hold with the Bank of England
  4. a suspense account

Answer(s): B



Which SWIFT message type is NOT accepted in TARGET2?

  1. SWIFT message type 103+
  2. SWIFT message type 202
  3. SWIFT message type 204
  4. SWIFT message type 210

Answer(s): D



Which of the following currencies is eligible for CLS settlement?

  1. ZAR
  2. TRY
  3. MYR
  4. CNY

Answer(s): A



If your trader has dealt a 6-month USD/JPY swap, selling and buying USD 10 million, will you:

  1. expect a credit statement on your JPY nostro account on the near date
  2. be required to obtain and execute the ICMA Master Agreement to document the transaction
  3. need to instruct your USD nostro bank to pay out USD on the far date
  4. anticipate no movement of principal, but a cash settlement on the far date

Answer(s): A



Page 33 of 86



Post your Comments and Discuss ACI 3I0-010 exam with other Community members:

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