CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. ACI
  5. 3I0-013

Free 3I0-013 Exam Braindumps (page: 30)

Page 29 of 97
PDF with 386 Questions

Why is securities reconciliation necessary?

  1. To prevent that a failed order results in a failure to settle that day, which in turn would lead to an incompletely-reconciled account.
  2. To facilitate the handling of complex security transactions.
  3. In order to save data capacity in electronic archiving systems.
  4. To anticipate the fact that clearing houses stop processing in the afternoon, whereas payment orders may still be processed until 6 p.m.

Answer(s): B



What criteria should reconciliation escalation be based on?

  1. It should be based on the days’past settlement date, value and/or likely compensation
  2. It should be based on the BIC-address and country
  3. It should be based on bilateral limits
  4. It should be based on the relationships of the institutions involved

Answer(s): D



Physical securities reconciliation software packages are based on:

  1. SWIFT MT 5XX
  2. SWIFTMT2XX
  3. SWIFTMT320
  4. SWIFTMT400

Answer(s): C



What is the main purpose of nostro reconciliations?

  1. To compare the cash entries that have passed through the bank’s internal nostro accounts, with the actual cash movements at the bank’s agent account. Thus, expected cash movements are reconciled with actual cash movements.
  2. To compare the securities entries that have passed through the bank’s internal nostro accounts, with the actual securities movements at the bank’s agent account
  3. To compare expected securities movements with actual securities movements
  4. To provide an overview of all the transactions listed by counterparty

Answer(s): D






Post your Comments and Discuss ACI 3I0-013 exam with other Community members:

3I0-013 Discussions & Posts