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Free 3I0-010 Exam Braindumps (page: 40)

Page 39 of 86
PDF with 342 Questions

What is the most important feature of a brokerage reconciliation?

  1. It must be processed once a year
  2. brokers' bills should be reconciled during the night when no other system is running
  3. brokers bills must be reconciled promptly at month-end prior to payment
  4. the existence of a single reference currency for all the brokers with whom your institution is dealing

Answer(s): C



What is the function of the cash positions keeper?

  1. He/she acts as a running control on the balance of a nostro, alerting the treasury dealer when funds are running too low or too high for a particular value day measured by agreed upon internal parameters
  2. He/she assists the dealer in deciding which currency to invest in
  3. He/she informs back office staff about which kind of confirmations are to be used
  4. He/she acts as a running control on the balance of an internal account, alerting the treasury dealer when fees are running too low or high for a particular value day

Answer(s): A



Which kind of report is a reconciliation system unable to produce?

  1. A "probable matched items report" (a report in which most fields match but there are some discrepancies)
  2. A "calculated fees report" (a report of the expected fees owed)
  3. A "matched items report" (a report of all fields that match)
  4. An "unmatched items report" (a report of items for which one is unable to find matches)

Answer(s): B



Which SWIFT message type is a nostro cash reconciliation software package based on?

  1. SWIFT message type 300
  2. SWIFT message type 292
  3. SWIFT message type 571 (i.e. a statement of holdings)
  4. SWIFT message types 940 and 950 (i.e. a statement of account)

Answer(s): D






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