Free 3I0-013 Exam Braindumps (page: 24)

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According to ISDA definitions, if an USD IRS payment is due value Saturday, 31 May and the documentation states that the “modified following business day convention” will be used, what value date should be applied to the payment?

  1. Saturday, 31 May
  2. Tuesday, 3 June
  3. Monday, 2June
  4. Friday, 30 May

Answer(s): A



Which one of the following excerpts completes this statement of a best market practice? “Any exception to the confirmation process should be resolved?

  1. No later than the value date
  2. Within 2 days
  3. Within 1 week
  4. On the day it is discovered

Answer(s): B



The organization “SWIFT” belongs to:

  1. The members of the system (member-owned cooperative)
  2. The European Banking Federation based in Brussels
  3. The European Central Bank
  4. The IMF

Answer(s): B



Which of the following steps is typical for an interbank FX trade process flow?

  1. Physical delivery
  2. Collateral management
  3. Negotiation of fees
  4. Settlement

Answer(s): A






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