Free 3I0-010 Exam Braindumps (page: 19)

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Which of the following institutions is not a cross-border clearing house?

  1. Monte Tittoli Milano
  2. Euroclear Brussels
  3. Clearstream Banking Luxembourg
  4. SWIFT

Answer(s): D



A Luxembourg based bank, which regularly buys American securities for its customers, will preferably:

  1. buy the American securities directly on the NYSE
  2. open a bank account in the United States
  3. open an account in a bank in the U.S. that has an account at the NYSE
  4. buy the securities directly in Luxembourg

Answer(s): C



The depositary of your securities:

  1. is responsible only for the settlement of those securities
  2. is responsible only for safeguarding the securities that you have on your account
  3. is responsible for safeguarding both the securities that you have on your account and their settlement
  4. is never responsible for safeguarding securities

Answer(s): C



If you execute a sale of bonds, and the securities have not been delivered 2 days after you have received payment on the agreed settlement date, which of the following is correct:

  1. you will have to pay at least 2 days of funding costs on top of the coupon
  2. the counterparty will have to pay at least 2 days of interest charges on top of the coupon
  3. you have no debt to the counterparty
  4. the counterparty has a debt to you

Answer(s): A






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