3I0-013 Exam Dumps - ACI Operations Certificate challenging
Between which departments are clear and structured escalation procedures required for the management of incorrect funding balances?
Your forward CHF dealer asks you, the junior settlements clerk, to amend revaluation rates for the forward CHF book before they are submitted to the risk management department for input. What should you do?
Counterparties, such as prime brokers, who provide others access to liquidity venues are responsible for their end users. They are not liable for:
Which of the following steps is typical for an interbank FX trade process flow?
In trade confirmation, which one of the following statements about “matching†is correct?
A counterparty pays your bank USD 10,000,000.00 5 days late requiring you to pay overdraft charges of 8% p.a. What expenses would you claim from the counterparty in GBP at an exchange rate of 1.6000?
Your dealer has sold USD 10,000,000.00 against JPY at a rate of 95.00. In settlement you would expect to:
You suspect that a colleague is guilty of embezzlement. What should you do?
What is the RTGS single technical platform inter-linking the ECB and the national central banks of the EU member states which have adopted the Euro?
As regards controls, which of the following best practices for counterparty identification is incorrect?
Which interest rate is to be applied in the calculation methodology for back-valuations in EUR?
How frequently should business contingency procedures be tested and updated?
On Friday, your trader lends GBP 10,000,000.00 overnight at 0.60%. The instructions are for repayment of principal + interest. How much would you expect to be repaid?
A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would you expect to pay?
When an over-the-counter broker executes an order for your bank, what information is required on the confirmation you are sent?
Payments to the wrong correspondent, payments in the wrong amount, late or duplicate payments are considered:
In settling a money market placing between your dealer and a counterparty, what would be the financial consequences of a payment made one day late?
If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?
Depending on the interest rates of the two currencies involved, the forward foreign exchange rate:
In error, your dealer enters a trade whereby he buys GBP 8,000,000.00 against USD at 1.5500, but manages to cover it at the same rate. When the initial mistaken trade is cancelled, however, the rate has since changed to 1.5200. What is the effect on P&L?
What risks arise from not receiving the securities purchased or not receiving payment for securities sold?
How would you denote that EUR funds are to be paid via TARGET2 on a typical MT 202 message?
Today, the spot value for a USD deposit is Wednesday, 29 February. What is the 4 months maturity date? (Assume that there are no bank holidays)
Your money market dealer has accepted a deposit of NOK 10,000,000.00 at 2.375% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at maturity?
Today is Monday, 8 December. You sell a 9x12 FRA in EUR. When will the settlement amount be paid or received, assuming that there are no bank holidays?
Which of the following statements about "standard settlement instructions" (SSI) is correct?
In the weekend newspapers you read that one of your FX counterparties has gone into liquidation. You have no netting or close-out agreements in place with this counterparty and remember that you have one forward deal outstanding. What is the main risk affecting your bank?