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Free 3I0-010 Exam Braindumps
3I0-010 ACI-Operations Certificate Questions 161–165 (page: 34)

Updated On: 9-Feb-2026
Page 34 of 70
PDF with 342 Questions

What is the first task of the cash positions keeper every day?

  1. makes sure the opening position for the current day is the agreed and reconciled position from the previous day
  2. makes sure the previous days pending position is the opening position for the current day
  3. He/she checks to see which dealer is in charge of which currency for that day
  4. He/she checks to see which countries have bank holidays that day

Answer(s): A



Internal nostro ledger accounts

  1. are commonly used to register off-balance sheet movements
  2. are used to book internal tax related items
  3. generally mirror the nostro statements
  4. are reserved for audit purposes only

Answer(s): C



What criteria should reconciliation escalation be based on?

  1. it should be based on the days past settlement date, value and/or likely compensation
  2. it should be based on the BIC-address and country
  3. it should be based on bilateral limits
  4. it should be based on the relationships of the institutions involved

Answer(s): A



Why is securities reconciliation necessary?

  1. to prevent that a failed order results in a failure to settle that day, which in turn would lead to an incompletely-reconciled account.
  2. to facilitate the handling of complex security transactions.
  3. in order to save data capacity in electronic archiving systems.
  4. to anticipate the fact that clearing houses stop processing in the afternoon, whereas payment orders may still be processed until 6 p.m.

Answer(s): A



Under what circumstances should you ask for "use of funds"?

  1. if you have credit balances on several nostro accounts and have to use these balances to cover your outstanding payment orders
  2. if your nostro A shows a debit whereas your nostro B shows a credit balance, you allow correspondent B to use your credit balance to work with, in order to receive credit interests to partially or totally cover the overdraft interests on nostro A.
  3. if at the end of a month, you want to collect the credit balances and to ask for credit interest
  4. if the net balance on a nostro account is higher than the amount agreed upon with your counterparty

Answer(s): B



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