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

What is the standard for settlement of cross-border DVP systems?

Answer(s): B

If a bank incurs interest charges from having overdrawn an account due to a late payment from a counterparty:

The bank is entitled to seek reimbursement from the party responsible for the late payment.
Nothing can be done to compensate the bank for the interest charges it incurs.
The bank should file a complaint with ACI’s Committee for Professionalism.
The bank will automatically be reimbursed by the party responsible for the late payment.

Answer(s): C

What is the cut-off time for a same day customer payment using TARGET2?

Answer(s): C

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

Wait until the counterparty contacts you to before deciding what to do
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
Ask the counterparty to keep the money and to place (invest) it at a special rate
Ask your accounting department to book the amount as a loss

Answer(s): B

The use of a net open positions report:

can be used to show the counterparty the amounts it has to pay
can be used as the basis of reporting the bank’s position to the relevant central bank of the country concerned, against the limit granted for the bank
can be used as the basis of reporting the bank’s position to the relevant tax regulations office of the country concerned
can be used to adjust the country limits

Answer(s): C

Free 3I0-013 Exam Braindumps ACI Operations Certificate Questions 106–110 (page: 23)