3I0-013

3I0-013 practice questions, page 2 of 16, with answer review and explanations.

Question 6

Which SWIFT message formats would you use for a foreign exchange confirmation and fixed money market confirmation, respectively?

  1. MT 400, MT 950
  2. MT 200, MT 100
  3. MT 300, MT 950
  4. MT 300, MT 320

Question 7

When do you use a SWIFT message type 202?

  1. For a foreign exchange confirmation
  2. For multiple general financial institution transfers
  3. For a general financial institution transfer
  4. For a customer transfer

Question 8

In the unexpected event that a public holiday is declared on the date a particular contract matures, what is the normal market practice?

  1. If that day is not the final trading day of the month, all contracts maturing on that day are extended to the next business day
  2. If that day is not the final trading day of the month, all contracts maturing on that day are shortened to the preceding business day
  3. All new maturity dates have to be agreed upon with the counterparties involved
  4. Decisions about the maturity dates of trading contracts are made by ACI’s Committee for Professionalism on a case-by-case basis and must be adhered to

Question 9

How are accounting entries usually generated?

  1. They are generated based on a code profile held for each product type on a time event basis. B. They are generated based on a code profile held for each front office staff member.
  2. They are generated based on the nature of instruments (debits = first priority / credits = second priority).
  3. They are generated in the morning at start of business when there is no direct link to other systems.

Question 10

What is a SWIFT message type 210?

  1. A request for financial institution transfer
  2. A general financial institution transfer
  3. A financial institution transfer for its own account
  4. A notice to receive