Pass the ACI ACI-Financial 3I0-013 Questions and answers with CertsForce

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Viewing questions 111-120 out of questions
Questions # 111:

Generally, "initial margin" means:

Options:

A.

The notional amount of a contract


B.

A deposit amount per contract that is determined by the futures exchange


C.

The maximum net loss during the contract period


D.

The minimum net loss during the contract period


Expert Solution
Questions # 112:

Payments to the wrong correspondent, payments in the wrong amount, late or duplicate payments are considered:

Options:

A.

Transaction irregularities


B.

Confirmation discrepancies


C.

CIS mismatches


D.

Settlement discrepancies


Expert Solution
Questions # 113:

Which of the following is required for institutions acting as prime brokers?

Options:

A.

They must remain neutral and stay out of disputes between their customers.


B.

They must rely on the execution venue to resolve disputes.


C.

They must delegate the resolution of broken trades downstream to their clients.


D.

They must take responsibility for the swift resolution of any disputes.


Expert Solution
Questions # 114:

Who is in charge of maintaining complete records of all transactions and any additional documentation in accord with internal guidelines and regulatory requirements?

Options:

A.

Operations


B.

Compliance


C.

Internal Audit


D.

Archives


Expert Solution
Questions # 115:

In trading, which is the most often used deal capture system?

Options:

A.

An internet-based input system


B.

A SWIFT-based input system


C.

A TARGET-based input system


D.

A screen-based input system


Expert Solution
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