ACI 3I0-010 Exam Questions
3I0-010 ACI-Operations Certificate (Page 3 )

Updated On: 21-Feb-2026

What is a nostro bank account?

  1. an account held with another bank
  2. an account another bank holds with you
  3. a trust account
  4. a suspense account

Answer(s): A



What is a feature of multilateral netting?

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

Answer(s): C



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?

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

Answer(s): D



Physical securities reconciliation software packages are based on:

  1. SWIFT message type 5XX
  2. SWIFT message type 2XX
  3. SWIFT message type 320
  4. SWIFT message type 400

Answer(s): A



Which of the following is the main objective of position-keeping?

  1. measuring market exposure
  2. defining capital adequacy
  3. evaluating country risk
  4. monitoring counterparty credit risk

Answer(s): A






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