3I0-013

3I0-013 practice questions, page 5 of 16, with answer review and explanations.

Question 21

What are the principal functionalities of interbank funds transfer systems?

  1. The matching of confirmations
  2. The dealing and archiving of payment orders
  3. Reconciliation and correspondent banking
  4. The transfer of information and settlement

Question 22

Which of the following currencies is eligible for CLS settlement?

  1. ZAR
  2. TRY
  3. MYR
  4. CNY

Question 23

A message received and accepted by SWIFT will be acknowledged with:

  1. OK
  2. ACK
  3. MAK
  4. NAK

Question 24

Which of the following processes are offered by the CLS settlement system?

  1. The close-out process
  2. The customer matching process
  3. The settlement process
  4. The securities lending process

Question 25

CHIPS is the name commonly used for the domestic clearing system in:

  1. London
  2. Frankfurt
  3. New York
  4. Hong Kong