Free 3I0-013 Exam braindumps download (3I0-013 exam dumps Free)

Which of the following is the best description of a broken trade”?

When a trade has been agreed to with dates (maturities) different from the standard dates
When one of the parties to the deal unilaterally decides to withdraw from the on-going transaction
When, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction
When, due to a system break, one or both parties to the deal are unclear as to whether the deal has been done

Answer(s): D

Which one of the following statements regarding “single changes to default SSIs” is correct?

The counterparty does not need to be notified about any alterations to original payment instructions or SSIs.
Any alterations to original payment instructions or SSIs are to be agreed to by the relevant parties involved either by fax or e-mail.
Alterations must be agreed to by the parties involved via a written legally binding document or an authenticated confirmation message.
Alterations need to be agreed to by the relevant parties involved and must be verbally confirmed.

Answer(s): C

Which details do not need to be mentioned in a trade confirmation?

Answer(s): C

What needs to be done in the event that a trade is amended by one or both parties?

A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.
The amending party should verbally inform the other party.
A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.
A new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties.

Answer(s): C

Which one of the following statements regarding the segregation of duties in the confirmation process is incorrect?

Front office staff should not be able to modify confirmations.
The staff who confirm trades should be distinct from those who agree to and execute trades.
The process of confirming trades should be done only by Operations staff.
Only staff who agree to and execute trades should be permitted to modify any details of the written confirmation.

Answer(s): D

Free 3I0-013 Exam Braindumps ACI Operations Certificate Questions 81–85 (page: 18)