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Free 3I0-013 Exam Braindumps (page: 28)

Page 27 of 97
PDF with 386 Questions

What is a loro or vostro bank account?

  1. An account that you hold with another commercial bank
  2. An account that another bank holds with you
  3. An account that you hold with the Bank of England
  4. Your suspense account at the European Central Bank

Answer(s): D



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

  1. T+3, meaning that settlement is due three days after the deal date
  2. T+4, meaning that settlement is due four days after the deal date
  3. T+1, meaning that settlement is due one day after the deal date
  4. T+2, meaning that settlement is due two days after the deal date

Answer(s): B



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

  1. The bank is entitled to seek reimbursement from the party responsible for the late payment.
  2. Nothing can be done to compensate the bank for the interest charges it incurs.
  3. The bank should file a complaint with ACI’s Committee for Professionalism.
  4. 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?

  1. 16:00 (4:00 p.m.) Central European Time (CET)
  2. 17:00 (5:00 p.m.) Central European Time (CET)
  3. 18:00 (6:00 p.m.) Central European Time (CET)
  4. 18:30 (6:30 p.m.) Central European Time (CET)

Answer(s): C






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