ACI ACI Certifications 3I0-010 Questions & Answers

• Question 151:

  Loan/deposit input and mismatch analysis capability belongs to which module in a treasury system?

  A. the FX spot and forward dealing input and processing module

  B. standard back office features

  C. the money market dealing and processing module

  D. the securities trading and processing module

  Correct Answer: C

• Question 152:

  Open position and exchange risk management by currency belongs to which treasury system module?

  A. the derivatives dealing and processing module

  B. standard back office features

  C. the FX spot and forward dealing input and processing module

  D. the securities trading and processing module

  Correct Answer: C

• Question 153:

  Settlement risk is:

  A. the risk that a bank makes its payment but does not receive a return payment in the exchanged currency

  B. the risk that exchange rates move against a banks position

  C. the risk a counterparty defaults on a contract and a bank has to replace that contract at adverse rates

  D. the risk of a disaster that disables a bank's trading floor

  Correct Answer: A

• Question 154:

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

  A. the non-receipt of funds from a counterparty

  B. the non-payment of funds to a counterparty

  C. the duplicate payment of funds by a counterparty

  D. the duplicate receipt of funds from a counterparty

  Correct Answer: D

• Question 155:

  The use of standard settlement instructions (SSI's) is strongly encouraged because:

  A. a dealer does not need to confirm payment details by phone

  B. it splits differences arising from failed settlements between the two counterparties

  C. it eliminates the need to send out SWIFT payment authorizations on a case-by-case basis

  D. it avoids having to confirm each deal separately

  Correct Answer: A

• Question 156:

  What is the Bank Identifier Code (BIC)?

  A. a universal method of identifying financial institutions in order to facilitate automated processing of telecommunication messages in banking and related financial environments

  B. a European system for listing the VAT-number of financial institutions

  C. the standardized worldwide bank ranking code

  D. a universal method of identifying the outstanding cash positions of banks

  Correct Answer: A

• Question 157:

  Which country does the BIC-address BKENGB33CUS belong to?

  A. the United Kingdom

  B. the United States of America

  C. Germany

  D. Gambia

  Correct Answer: A

• Question 158:

  S.I.

  stands for:

  A.

  Secure Software Integration

  B.

  Standard Settlement Instructions

  C.

  Single Shared Information

  D.

  SWIFT Settlement Instruction

  Correct Answer: B

• Question 159:

  The two main risks to which treasuries are exposed can be grouped into:

  A. market and loss

  B. market and money

  C. market and credit

  D. market and unavailability

  Correct Answer: C

• Question 160:

  An input message for the SWIFT network is composed of up to which five parts?

  A. 1. Basic header block, 2. Communication header block, 3. Currency block, 4. Text block, 5. Trailers block

  B. 1. Basic header block, 2. Application header block, 3. User header block (optional),4. Text block, 5. Trailers block

  C. 1. Sending header block, 2. Application header block, 3. User header block, 4. Text block (optional),

  5. Transmission block

  D. 1. Basic header block, 2. System header block (optional), 3. User header block, 4. Text block, 5. Security block

  Correct Answer: B