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Free 3I0-013 Exam Braindumps (page: 22)

Page 21 of 97
PDF with 386 Questions

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

  1. When a trade has been agreed to with dates (maturities) different from the standard dates
  2. When one of the parties to the deal unilaterally decides to withdraw from the on-going transaction
  3. When, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction
  4. 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?

  1. The counterparty does not need to be notified about any alterations to original payment instructions or SSIs.
  2. Any alterations to original payment instructions or SSIs are to be agreed to by the relevant parties involved either by fax or e-mail.
  3. Alterations must be agreed to by the parties involved via a written legally binding document or an authenticated confirmation message.
  4. 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?

  1. Economic: such as initial and final amounts, rates
  2. Product identification: counterparty, currency, index
  3. Identification of the dealer: identity, title, direct phone number
  4. Dates including the trade day: initial day, final day, settlement day

Answer(s): C



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

  1. A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.
  2. The amending party should verbally inform the other party.
  3. A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.
  4. 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






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