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Free 3I0-010 Exam Braindumps
3I0-010 ACI-Operations Certificate Questions 126–130 (page: 27)

Updated On: 9-Feb-2026
Page 27 of 70
PDF with 342 Questions

Which of the following processes are offered by the CLS settlement system?

  1. the close-out process
  2. the customer matching process
  3. the settlement process
  4. the securities lending process

Answer(s): C



Which of the following characterise "delivery against payment" also known as "delivery versus payment"?

  1. securities are first delivered and then the payment is processed
  2. the payment order is first blocked and then the payout of securities is processed
  3. securities are exchanged into a defined currency
  4. delivery is insured if and only if payment occurs

Answer(s): D



What is a correspondent bank?

  1. a bank which processes payment orders on behalf of another bank
  2. a bank which processes payment orders on national level only
  3. a bank which has subsidiaries in CLS-countries
  4. a bank which has a minimum reserve account in more than one country

Answer(s): A



What is a loro or vostro bank account?

  1. an account that you hold with another bank
  2. an account that another bank holds with you
  3. an account that you hold with the Bank of England
  4. a suspense account

Answer(s): B



Which SWIFT message type is NOT accepted in TARGET2?

  1. SWIFT message type 103+
  2. SWIFT message type 202
  3. SWIFT message type 204
  4. SWIFT message type 210

Answer(s): D



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