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Free 3I0-010 Exam Braindumps (page: 37)

Page 36 of 86
PDF with 342 Questions

What is the standard for settlement of cross-border DVP systems?

  1. T+3, meaning that settlement is due three days after the deal date
  2. T+4, meaning that settlement is due four days after the deal date
  3. T+1, meaning that settlement is due one day after the deal date
  4. T+2, meaning that settlement is due two days after the deal date

Answer(s): A



Which of the following best describes TARGET?

  1. the inter-linking mechanism that connects national RTGS payments systems in EU member states
  2. the system used in Germany for settling high value domestic securities transactions
  3. the pan-Europe netting system used for reducing credit risk for derivative transactions
  4. the system to be used by the Euro Bankers Association to clear cross border Euro payments

Answer(s): A



The use of a bilateral netting scheme for FX settlements results in:

  1. one net settlement per currency, per counterparty, per day
  2. one net settlement per currency, per day
  3. one net settlement per day
  4. multiple settlements per currency, per counterparty, per day for those netted settlements

Answer(s): A



What is the inter-linking mechanism that connects the domestic real-time gross settlement (RTGS) payments systems in EU member states?

  1. CHAPS
  2. TARGET
  3. EAF
  4. FX-NET

Answer(s): B






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