Free 3I0-010 Exam braindumps download (3I0-010 exam dumps Free)

QUESTION: 116

You have received the requisite notification from a non-swapping counterparty that their USD correspondent is to be changed from Bank A to Bank B taking effect from value date 15 June 2012. On 14 June 2012, you buy JPY 50 million from your counterparty against USD for value spot.
Whom do you pay the USD?

bank A
bank B
neither bank A nor bank B
both bank A and bank B

Answer(s): B

Show Answer Next Question

QUESTION: 117

You have dealt an interbank money market trade with a Spanish bank and must pay USD. Whom do you instruct for payment?

your correspondent bank in Spain
your national central bank
the European Central Bank
your correspondent bank in the USA

Answer(s): D

Show Answer Next Question

QUESTION: 118

How would you denote that EUR funds are to be paid via TARGET on a typical MT 202 message?

There is no need to note this separately as payments via TARGET are made only in euro.
The word TARGET is used in field 72 "Bank to Bank Information".
"//RT" is indicated once in the optional account number field 56A, 57A or 58A.
TARGET is used in the "Pay To Bank" field.

Answer(s): C

Show Answer Next Question