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Free 3I0-010 Exam Braindumps (page: 33)

Page 32 of 86
PDF with 342 Questions

Why does The Model Code recommend the use of netting systems?

  1. to avoid too heavy a workload for operations staff
  2. to reduce settlement and credit risk
  3. to enhance the straight through processing
  4. to reduce the brokerage fees

Answer(s): B



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






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