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Free 3I0-013 Exam Braindumps
ACI Operations Certificate Questions 96–100 (page: 21)

Updated On: 9-Feb-2026
Page 21 of 79
PDF with 386 Questions

When would you use a SWIFT message type 103?

  1. For a foreign exchange confirmation
  2. For a multiple general financial institution transfer
  3. For a general financial institution transfer
  4. For a customer transfer

Answer(s): C



Why are confirmations necessary?

  1. Confirmations authenticate the transaction to the risk manager, as well as providing essential information regarding bilateral limits.
  2. in order to authenticate the BIC-code of the counterparty when the confirmation is sent via SWIFT.
  3. in order to have the exact mailing address of the counterparty when the confirmation is sent via mail.
  4. Confirmations authenticate transactions to staff independent of the dealing room, as well as providing essential information regarding settlement.

Answer(s): B



The prompt sending and checking of confirmations is considered a best practice when dealing in:

  1. Amounts higher than USD 10,000,000.00 or the equivalent in other currencies
  2. Amounts higher than USD 1,000,000.00 or the equivalent in other currencies
  3. Any amount unless dealt via a broker
  4. Any amount by any counterparty

Answer(s): A



What payment system has to be used for all payments involving the Eurosystem?

  1. SWIFT
  2. CHAPS
  3. Euro Link System (ELS)
  4. TARGET2

Answer(s): B



With respect to financial payments, what does “bridge” mean?

  1. It refers to an electronic settlement between Euroclear and Clearstream
  2. It is an electronic settlement between Western Union and Clearcom
  3. It refers to the relationship between two correspondent banks
  4. It designates the exchange of payment orders between a nostro and a vostro account

Answer(s): B



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