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Free 3I0-013 Exam Braindumps (page: 6)

Page 6 of 97
PDF with 386 Questions

What is a settlement date?

  1. The date by which the interest payment on an operation must be made
  2. The last date by which the minimum reserve amount can be paid to the central bank
  3. The date, on which settlement must be made on the contracted amount or the differential amount of an operation
  4. The date a deal is processed

Answer(s): C



What is the main difference between TARGET and TARGET2?

  1. Finland did not participate in TARGET but it does participate in TARGET2
  2. The cut-off time for TARGET2 is 20:00 (8.00 p.m.) CET, whereas the cut-off time for TARGET was 18:00(6.00 p.m.) CET
  3. TARGET2 runs on a single shared technical platform whereas TARGET did not
  4. TARGET2 processes payment orders denominated in EUR as well as USD

Answer(s): C



Which of the following best describes the main benefit of the RTGS payment system?

  1. Final settlement of interbank funds transfers on a continuous, trade by trade basis throughout the day
  2. Lower costs through fewer payments passing through nostro accounts
  3. Lower costs through less labor intensive methods
  4. Reduced market risk due to smaller values of open positions

Answer(s): A



A payment is made from Germany to a second Euro zone country. Which international payment system would normally be used?

  1. TARGET2
  2. Euro Link System (ELS)
  3. Euroclear
  4. Clearstream

Answer(s): A






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