3I0-013

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

Question 11

What is done with counterparties’ confirmations?

  1. They are scanned for money laundering activities and afterwards destroyed
  2. They are forwarded to the deal capturer to check the completeness of the deal
  3. They are matched as soon as possible after receipt
  4. They are archived after reception

Question 12

What is the purpose of “internal cash reconciliation”?

  1. To control the bank’s cash and derivative positions
  2. To reconcile and control the cash balance for the Bank for International Settlements (BIS)
  3. To reconcile and control the cash balance for the central bank
  4. Cash forecasting, cash collateral and cash positions control

Question 13

What information is essential for an interbank FX confirmation?

  1. Specification of the applicable law
  2. The value date
  3. The brokerage cost
  4. The name of the person(s) originating the deal

Question 14

What is the most frequently used settlement process for securities?

  1. Free of settlement payment
  2. Cash settlement
  3. Same day value settlement
  4. Delivery-versus-payment

Question 15

Which of the following types of payment demands extra diligence and review procedures?

  1. Nostro funding payment
  2. Third party payment
  3. Value spot USD payment
  4. Value spot payment for currency equivalents> USD 3,000,000.00