3I0-013

3I0-013 practice questions, page 8 of 16, with answer review and explanations.

Question 36

The use of standard settlement instructions (SSI’s) is strongly encouraged because:

  1. A dealer does not need to confirm payment details by phone
  2. It splits differences arising from failed settlements between the two counterparties
  3. It eliminates the need to send out SWIFT payment authorizations on a case-by-case basis
  4. It avoids having to confirm each deal separately

Question 37

Which of the following is a fundamental element or module in the “securities dealing and processing” part of a treasury system?

  1. The financial reporting standard
  2. Brokerage accounting
  3. The custodian account reconciliation function
  4. The country limit overview

Question 38

An input message for the SWIFT network is composed of up to which five parts?

  1. 1. Basic header block, 2. Communication header block, 3. Currency block, 4. Text block, 5. Trailers block
  2. 1. Basic header block, 2. Application header block, 3. User header block (optional), 4. Text block, 5. Trailers block
  3. 1. Sending header block, 2. Application header block, 3. User header block, 4. Text block (optional), 5. Transmission block
  4. 1. Basic header block, 2. System header blocks (optional), 3. User header block, 4. Text block, 5. Security block

Question 39

How many characters does a BIC have? (Under ISO standard 9362: 2009)

  1. 6 or 9 characters
  2. 9 or 12 characters
  3. 7 or 10 characters
  4. 8 or 11 characters

Question 40

Which of the following BIC-addresses belongs to a bank based in Germany?

  1. FRNYUS33
  2. ECBFDEFF
  3. BCLXLULL
  4. SNBZCHZZ