Free 3I0-010 Exam Braindumps (page: 38)

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Which of the following best describes the main benefit of the RTGS payment system?

  1. final settlement of interbank funds transfers on a continuous, trade by trade basis throughout the day
  2. lower costs through fewer payments passing through nostro accounts
  3. lower costs through less labour intensive methods
  4. reduced market risk due to smaller values of open positions

Answer(s): A



A payment is made from Germany to a second Euro zone country.
Which international payment system would normally be used?

  1. TARGET
  2. ELS
  3. Euroclear
  4. Clearstream Banking Luxembourg

Answer(s): A



When is the final cut-off time for settlement of payment orders using the Fedwire Funds Service?

  1. 17:30 (5:30 p.m.) Eastern Standard Time (EST)
  2. 18:00 (6:00 p.m.) Eastern Standard Time (EST)
  3. 18:30 (6:30 p.m.) Eastern Standard Time (EST)
  4. 19:00 (7:00 p.m.) Eastern Standard Time (EST)

Answer(s): C



What is the main purpose of nostro reconciliations?

  1. to compare the cash entries that have passed through the banks internal nostro accounts, with the actual cash movements at the banks agent account. Thus, expected cash movements are reconciled with actual cash movements.
  2. to compare the securities entries that have passed through the banks internal nostro accounts, with the actual securities movements at the banks agent account
  3. to compare expected securities movements with actual securities movements
  4. to provide an overview of all the transactions listed by counterparty

Answer(s): A






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