ACI 3I0-010 Exam
3I0-010 ACI-Operations Certificate (Page 12 )

Updated On: 1-Feb-2026

The use of standard settlement instructions (SSI's) is strongly encouraged because:

  1. a dealer does not need to confirm payment details by phone
  2. it splits differences arising from failed settlements between the two counterparties
  3. it eliminates the need to send out SWIFT payment authorisations on a case-by-case basis
  4. it avoids having to confirm each deal separately

Answer(s): A



When completing a nostro reconciliation, what does an outstanding statement credit possibly signify?

  1. the non-receipt of funds from a counterparty
  2. the non-payment of funds to a counterparty
  3. the duplicate payment of funds by a counterparty
  4. the duplicate receipt of funds from a counterparty

Answer(s): D



When completing a nostro reconciliation, what does an unresolved ledger credit signify?

  1. the duplicate receipt of funds from a counterparty
  2. the non-payment of funds to a counterparty
  3. the duplicate payment of funds to a counterparty
  4. the non-receipt of funds from a counterparty

Answer(s): B



When completing a nostro reconciliation, what does an unresolved ledger debit signify?

  1. the non-receipt of funds from a counterparty
  2. the non-payment of funds to a counterparty
  3. the duplicate payment of funds to a counterparty
  4. the duplicate receipt of funds from a counterparty

Answer(s): A



Which of the following best describes the main objective of the nostro reconciliation function?

  1. to ensure efficient cash management
  2. to ensure that all receipts of foreign currency are made in a timely fashion
  3. to reduce the amounts paid in interest rate claims due to late payments
  4. to ensure that expected cash movements agree with the actual movements of currency

Answer(s): B



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