Free 3I0-010 Exam Braindumps (page: 35)

Page 35 of 86

A message received but not accepted by SWIFT will be acknowledged with:

  1. BAK
  2. ACK
  3. PAC
  4. NAK

Answer(s): D



What are the principal functionalities of interbank funds transfer systems?

  1. the matching of confirmations
  2. the dealing and archiving of payment orders
  3. reconciliation and correspondent banking
  4. the transfer of information and settlement

Answer(s): D



Which of the following is a US payment system?

  1. CHAPS
  2. CHIPS
  3. BOJ
  4. CLS

Answer(s): B



With respect to financial payments, what does "bridge" mean?

  1. it refers to an electronic settlement between Euroclear and Clearstream
  2. it is an electronic settlement between USClear and Clearcom
  3. it refers to the relationship between two nostro account institutions
  4. it designates the exchange of payment orders between a nostro and a vostro account

Answer(s): A



Page 35 of 86



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