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Free 3I0-010 Exam Braindumps (page: 39)

Page 38 of 86
PDF with 342 Questions

What is an essential feature of nostro reconciliations?

  1. that a daily nostro reconciliation report is sent out to the correspondent bank
  2. that they are performed before the next business day
  3. that they are performed in a timely and efficient way
  4. that open items are booked on an internal account

Answer(s): C



What are the key fields for matching criteria in a spot FX transaction?

  1. value date, currency and the amount bought or sold in the two currencies
  2. value date, currency and the amount bought in that currency, currency and the amount sold in that currency, exchange rate
  3. deal date, value date and exchange rate
  4. value date, account number and BIC-address

Answer(s): B



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

  1. The most recently processed deal
  2. The counterparties in your own country
  3. The counterparty which claims first
  4. Those positions with the highest loss potential

Answer(s): D



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

  1. It allows the compliance officer to see how often the reconciliation staff has claimed for an outstanding item
  2. 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.
  3. It allows reconciliation staff to check the bilateral limits with counterparties and to adjust these limits as necessary
  4. because the most recent figures have to be published in the balance report

Answer(s): B






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