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

The counterparty does not need to be notified about any alterations to original payment instructions or SSIs.

Any alterations to original payment instructions or SSIs are to be agreed to by the relevant parties involved either by fax or e-mail.

Alterations must be agreed to by the parties involved via a written legally binding document or an authenticated confirmation message.

Alterations need to be agreed to by the relevant parties involved and must be verbally confirmed.

That a daily nostro reconciliation report is sent out to the correspondent bank

That they are performed before the next business day

That they are performed in a timely and efficient way

That open items are booked on an internal account

CHF 9,300,000.00

CHF 10,770,059.24

CHF 9,285,000.00

USD 10,000,000.00

To keep the multilateral limits updated

To invest funds at the highest available interest rate

To keep the balance or position of the accounts or nostros in each currency representing the accounts held by the bank’s agents

To keep the management informed about interest rate developments

The flat ECB marginal lending facility rate

The ECB marginal lending facility rate plus 25 b.p.

The average of each day’s EONIA rate minus 25 b.p.

The average of each day’s EONIA rate plus 25 b.p. unless that is higher than the ECB marginal lending facility rate

A request for financial institution transfer

A general financial institution transfer

A financial institution transfer for its own account

A notice to receive

The most recently processed deal

The counterparties in your own country

The counterparty which claims first

Those positions with the highest loss potential

A FX Swap

A repurchase agreement

An interest rate swap (IRS)

A dual swaption

The issuer of a payment for the relevant trade distinct from the counterparty

The issuer of a payment for the relevant trade identical to the counterparty

The recipient of a payment for the relevant trade distinct from the counterparty

The recipient of a payment for the relevant trade identical to the counterparty

It consists of two separate transactions, dealt with two different counterparties.

It replaces a pair of foreign exchange transactions.

It fully eliminates counterparty risk.

It reduces credit risk with the counterparty, as compared to money market deals.