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Free 3I0-010 Exam Braindumps (page: 42)

Page 41 of 86
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






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