Free 3I0-010 Exam Braindumps
3I0-010 ACI-Operations Certificate Questions 111–115 (page: 24)

Updated On: 9-Feb-2026

What does SWIFT stand for?

  1. Society for World-wide Interbank Financial Transactions
  2. Society for World-wide Interbank Financial Telecommunications
  3. Society for World-wide Interbank Framework Transactions
  4. Society for World-wide Interbank Forward Trading

Answer(s): B



Which one of the following best describes the correct order of the settlements process?

  1. netting, trade entry, settlement, confirmation, nostro reconciliation
  2. confirmation, netting, trade entry, settlement, nostro reconciliation
  3. trade entry, confirmation, netting, settlement, nostro reconciliation
  4. trade entry, confirmation, settlement, nostro reconciliation, netting

Answer(s): C



When is the "final settlement" cut-off for interbank payments using TARGET?

  1. 19:00 (7.00 p.m.) Central European Time (CET)
  2. 18:00 (6.00 p.m.) Central European Time (CET)
  3. 18:30 (6.30 p.m.) Central European Time (CET)
  4. 18:30 (6.30 p.m.) CET, but on the last minimum reserve fulfilment day (23rd of a month) 19:30 (7.30 p.m.) CET

Answer(s): B



Which of the following is the primary responsibility of an Operations Department?

  1. writing the deal ticket
  2. arranging the delivery of currency payments
  3. checking the availability of counterparty limits
  4. agreeing on the FX rate with the counterpartys middle office

Answer(s): B



If a bank incurs interest charges from having overdrawn an account due to a late payment from a counterparty:

  1. The bank is entitled to seek reimbursement from the party responsible for the late payment.
  2. Nothing can be done to compensate the bank for the interest charges it incurs.
  3. The bank should file a complaint with ACI s Committee for Professionalism.
  4. The bank will automatically be reimbursed by the party responsible for the late payment.

Answer(s): A



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