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Free 3I0-010 Exam Braindumps (page: 44)

Page 43 of 86
PDF with 342 Questions

Under what circumstances would you have to pay overdraft interest?

  1. if the counterparty's fees are higher than yours
  2. if your nostro account balance at the end of the month is less than the amount of fees paid
  3. If your nostro account shows a debit balance you will be charged overdraft interest on the remaining debit amount.
  4. Overdraft interest is charged if your collateral at the central bank is lower than your cash balance

Answer(s): C



You find that you have paid an amount to the wrong counterparty.
What action should you take?

  1. wait until the counterparty contacts you to before deciding what to do
  2. immediately contact the counterparty to find the most appropriate way to have the funds returned as quickly as possible to minimize the loss of value days
  3. ask the counterparty to keep the money and to place (invest) it at a special rate
  4. ask your accounting department to book the amount as a loss

Answer(s): B



Why is a failed trade log important?

  1. it helps the risk manager to adjust the limits
  2. it allows the cash positions keeper to retrace the arrival of the funds
  3. it is essential in determining compensation arrangements at a later date
  4. the auditors require these logs for their statistics

Answer(s): C



What is a ladder maturity report?

  1. a report that starts with the net open position and runs off day by day to arrive at a zero balance
  2. a report of outstanding securities transactions
  3. a report that begins with a zero balance and at the end of the day, lists all FX deals by maturity
  4. a list of the maturity of all deals per value date

Answer(s): D






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