ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 171:

  A bank responsible for making due payments of principal and interest on a bond is called the

  A. purchase agent
  B. paying agent
  C. fiscal agent
  D. market maker
  B. paying agent

• Question 172:

  Which SWIFT message type family is used for securities transactions?

  A. MT 3XX
  B. MT 2XX
  C. MT 5XX
  D. MT 1XX
  C. MT 5XX

• Question 173:

  Which of the following types of payment cannot be executed in the United States?

  A. same day value payment in JPY
  B. same day value payment in EUR
  C. value tomorrow payment in AUD
  D. value tomorrow payment in JPY
  A. same day value payment in JPY

• Question 174:

  In trading, which is the most often used deal capture system?

  A. a letter-based system
  B. a SWIFT-based system
  C. a fax-based system
  D. a screen-based system
  D. a screen-based system

• Question 175:

  The term "tom next" is used to describe a swap for which period?

  A. tomorrow against spot
  B. today against tomorrow
  C. today against spot
  D. tomorrow against the day after spot
  A. tomorrow against spot

• Question 176:

  The risk associated with the failure of the overall financial system is best described as:

  A. operational Risk
  B. market Risk
  C. systemic Risk
  D. credit Risk
  C. systemic Risk

• Question 177:

  When completing a nostro reconciliation, what does an unresolved ledger credit signify?

  A. the duplicate receipt of funds from a counterparty
  B. the non-payment of funds to a counterparty
  C. the duplicate payment of funds to a counterparty
  D. the non-receipt of funds from a counterparty
  B. the non-payment of funds to a counterparty

• Question 178:

  When would you use a SWIFT message type 103?

  A. for a foreign exchange confirmation
  B. for a multiple general financial institution transfer
  C. for a general financial institution transfer
  D. for a customer transfer
  D. for a customer transfer

• Question 179:

  Which action results in the highest STP-Rate?

  A. the daily reconciliation of nostro accounts
  B. the use of a Continuous Linked Settlement
  C. the use of internal limits regulations such as counterparty limits and country limits
  D. a trade confirmation check
  B. the use of a Continuous Linked Settlement

• Question 180:

  What are the value dates of a tom next money market trade dealt Friday, 13 August?

  A. 13 August 16 August
  B. 16 August 17 August
  C. 17 August 18 August
  D. 13 August 17 August
  B. 16 August 17 August