Free 3I0-013 Exam Braindumps (page: 8)

Page 7 of 97

CHIPS is the name commonly used for the domestic clearing system in:

  1. London
  2. Frankfurt
  3. New York
  4. Hong Kong

Answer(s): C



You have five outstanding amounts with five different values. Which of the following should be investigated first?

  1. The most recently processed deal
  2. The counterparties in your own country
  3. The counterparty which claims first
  4. Those positions with the highest loss potential

Answer(s): D



What is the primary role of the position-keeper in a dealing room?

  1. To keep the multilateral limits updated
  2. To invest funds at the highest available interest rate
  3. To keep the balance or position of the accounts or nostros in each currency representing the accounts held by the bank’s agents
  4. To keep the management informed about interest rate developments

Answer(s): C



What is an essential feature of nostro reconciliations?

  1. That a daily nostro reconciliation report is sent out to the correspondent bank
  2. That they are performed before the next business day
  3. That they are performed in a timely and efficient way
  4. That open items are booked on an internal account

Answer(s): C






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