Free 3I0-013 Exam Braindumps (page: 5)

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What information is essential for an interbank FX confirmation?

  1. Specification of the applicable law
  2. The value date
  3. The brokerage cost
  4. The name of the person(s) originating the deal

Answer(s): B



What is the most frequently used settlement process for securities?

  1. Free of settlement payment
  2. Cash settlement
  3. Same day value settlement
  4. Delivery-versus-payment

Answer(s): D



Which of the following types of payment demands extra diligence and review procedures?

  1. Nostro funding payment
  2. Third party payment
  3. Value spot USD payment
  4. Value spot payment for currency equivalents> USD 3,000,000.00

Answer(s): B



Which of the following best describes TARGET2?

  1. The real-time gross settlement (RTGS) system owned and operated by the Euro system
  2. The system used in Germany for settling high value domestic securities transactions
  3. The pan-Europe netting system used for reducing credit risk for derivative transactions
  4. The system used by the European Banking Federation to clear cross border Euro payments

Answer(s): A






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