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QUESTION: 176

Which of the following is an example of a foreign currency nostro account from the perspective of a bank in London?

A GBP account with another UK bank
A CHF account with a bank in Zurich
A CHF account that it holds for a customer in London
A GBP account that it holds for a bank in New York

Answer(s): B

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QUESTION: 177

When completing a nostro reconciliation, what does an outstanding statement credit possibly signify?

The non-receipt of funds from a counterparty
The non-payment of funds to a counterparty
The duplicate payment of funds by a counterparty
The duplicate receipt of funds from a counterparty

Answer(s): D

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QUESTION: 178

You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).

You should make the payment in accordance with the SSI you are holding without referring to your dealer or contacting the counterparty
You should make the payment in accordance with the trade instructions
You should check the SSI with your dealer and contact the counterparty to seek his specific instructions
You should not make the payment

Answer(s): C

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QUESTION: 179

Inexplicably, the Chief FX trader asks the junior settlements clerk to hold back a deal input until the following morning. Which of the following courses of action should you recommend?