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

You have five outstanding amounts with five different values.
Which of the following should be investigated first?

Answer(s): D

Why should the maturity profile of unreconciled items be frequently reviewed?

It allows the compliance officer to see how often the reconciliation staff has claimed for an outstanding item
It allows management to see what items are pending by value and counterparty, but also how long items have been outstanding and whether there is an improvement in the pace of reconciliations.
It allows reconciliation staff to check the bilateral limits with counterparties and to adjust these limits as necessary
because the most recent figures have to be published in the balance report

Answer(s): B

What is the most important feature of a brokerage reconciliation?

It must be processed once a year
brokers' bills should be reconciled during the night when no other system is running
brokers bills must be reconciled promptly at month-end prior to payment
the existence of a single reference currency for all the brokers with whom your institution is dealing

Answer(s): C

What is the function of the cash positions keeper?

He/she acts as a running control on the balance of a nostro, alerting the treasury dealer when funds are running too low or too high for a particular value day measured by agreed upon internal parameters
He/she assists the dealer in deciding which currency to invest in
He/she informs back office staff about which kind of confirmations are to be used
He/she acts as a running control on the balance of an internal account, alerting the treasury dealer when fees are running too low or high for a particular value day

Answer(s): A

Which kind of report is a reconciliation system unable to produce?

A "probable matched items report" (a report in which most fields match but there are some discrepancies)
A "calculated fees report" (a report of the expected fees owed)
A "matched items report" (a report of all fields that match)
An "unmatched items report" (a report of items for which one is unable to find matches)

Answer(s): B

Free 3I0-010 Exam Braindumps 3I0-010 ACI-Operations Certificate Questions 151–155 (page: 32)