Free 3I0-013 Exam Braindumps (page: 46)

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

  1. The non-receipt of funds from a counterparty
  2. The non-payment of funds to a counterparty
  3. The duplicate payment of funds by a counterparty
  4. The duplicate receipt of funds from a counterparty

Answer(s): D



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

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

Answer(s): C



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?

  1. Refuse, input the deal as normal but keep the request to yourself
  2. Input the deal the following morning as requested by the Chief FX trader
  3. Refuse, input the deal and tell another spot trader
  4. Refuse, input the deal and report the incident to your superior

Answer(s): D



You suspect that a colleague is guilty of embezzlement. What should you do?

  1. Keep the information to yourself
  2. Tell your supervisor
  3. Tell your work-mates but not your supervisor
  4. Talk to the colleague in question

Answer(s): B






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