CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. ACI
  5. 3I0-010

Free 3I0-010 Exam Braindumps (page: 45)

Page 44 of 86
PDF with 342 Questions

What does "arrange good value payment"mean?

  1. to cancel an initial payment order and to process a new one with a higher amount
  2. to suspend a payment order until the balance becomes positive again
  3. to adjust the amount of fees to be paid
  4. to change the value date of a payment order

Answer(s): D



What is the disadvantage having separate cash accounts?

  1. You need more back office staff to book the fees
  2. One account could be overdrawn while the other has excess funds. The surplus balance would earn less interest than the amount being charged on the corresponding overdraft if an error occurs in settlement. Thus there is a risk of overdraft interest versus idle balances
  3. One securities account could be overdrawn while the other has excess securities. The surplus balance would earn less interest, if any, than that being charged on the corresponding overdraft if an error occurs in settlement
  4. The workload of the auditors, compliance officers, risk managers and dealers will be higher

Answer(s): B



What is the primary role of the position-keeper in a dealing room?

  1. to keep the multilateral limits updated
  2. to invest funds at the highest available interest rate
  3. to keep the balance or position of the accounts or nostros in each currency representing the accounts held by the bank's agents
  4. to keep the management informed about interest rate developments

Answer(s): C



The use of a net open positions report:

  1. can be used to show the counterparty the amounts it has to pay
  2. can be used as the basis of reporting the banks position to the relevant central bank of the country concerned, against the limit granted for the bank
  3. can be used as the basis of reporting the banks position to the relevant tax regulations office of the country concerned
  4. can be used to adjust the country limits

Answer(s): B






Post your Comments and Discuss ACI 3I0-010 exam with other Community members:

3I0-010 Exam Discussions & Posts