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Free 3I0-013 Exam Braindumps (page: 43)

Page 42 of 97
PDF with 386 Questions

What is the advantage of instantaneous matching?

  1. It gives the counterparty more time to cancel a deal
  2. It reduces errors and costs
  3. It gives front-office staff more time to process the payment orders
  4. It reduces the number of trades

Answer(s): B



Which of the following is essential for the effective and timely execution of outward payments?

  1. Confirmation of the exact processing time of the payment order with the central bank of your counterparty
  2. The strict adherence to the cut-off times of your domestic payment system
  3. Confirmation of the time of processing of the payment order with your own central bank
  4. The strict adherence to the cut-off times for payments made worldwide

Answer(s): D



What is the meaning of "good value" in FX?

  1. The funds must be in the nostro account of the beneficiary institution by close of business on the agreed upon value date
  2. The funds must be in the nostro account of the beneficiary institution by the beginning of the next business day
  3. The value of interest to be received is higher than the value of fees to be paid
  4. The funds must be in the internal cash account of the clearing house by close of business on the agreed upon value date

Answer(s): A



What is a correspondent bank?

  1. A bank which processes payment orders on behalf of another bank
  2. A bank which processes payment orders on national level only
  3. A bank which has subsidiaries in CLS-countries
  4. A bank which has a minimum reserve account in more than one country

Answer(s): A






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