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

QUESTION: 6

What is a nostro bank account?

an account held with another bank
an account another bank holds with you
a trust account
a suspense account

Answer(s): A

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QUESTION: 7

What is a feature of multilateral netting?

there are no more than two participants involved in the netting process
there is no redistribution of default risk
there is a central clearing house
no legal entity is required

Answer(s): C

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QUESTION: 8

You have two nostro accounts in USD, one account is long USD 5 million and the other is short USD 5 million.
What action should be taken to reconcile the accounts?

No action is required. The credit interest earned on the credit balance will offset the debit interest incurred on the short balance.
You should borrow USD 5 million to cover the short balance and leave the long balance as it is
You should lend the surplus USD 5 million in order to overdraft charges on the short balance with the interest earned on the loan
You should instruct the bank with the long balance to pay USD 5 million to the other bank

Answer(s): D

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