Free 3I0-010 Exam Braindumps (page: 22)

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What is a SWIFT message type 210?

  1. a payment by a private customer
  2. a confirmation of a spot transaction
  3. an interbank payment
  4. payment advice

Answer(s): D



If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?

  1. both currencies will be settled value date Friday
  2. GBP will be settled value Friday, CHF value Thursday
  3. both currencies will be settled value Thursday
  4. GBP will be settled value today, CHF will be settled value Friday

Answer(s): A



What guidelines does the Model Code provide concerning the practice of only one party to a transaction sending a written confirmation?

  1. it is only permissible in derivatives markets
  2. it is not recommended
  3. it is recommended only when dealing interbank
  4. it is only permissible when dealing value today

Answer(s): B



Confirmation is a function that can be performed by:

  1. any dealer as long as he/she is not a party to the trade
  2. back-office staff
  3. dealing room staff who are not currently dealing
  4. any staff outside the dealing room

Answer(s): B






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