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

It helps the risk manager to adjust the limits

It allows the cash positions keeper to retrace the arrival of the funds

It is essential in determining compensation arrangements at a later date

The auditors require these logs for their statistics

The interest rate differential between the fixed and floating leg of the swap

The brokerage fee for an interest rate swap transaction

The payment made when a swap is terminated

The difference between the swap rate and the benchmark government yield

16:00 (4:00 p.m.) Central European Time (CET)

17:00 (5:00 p.m.) Central European Time (CET)

18:00 (6:00 p.m.) Central European Time (CET)

18:30 (6:30 p.m.) Central European Time (CET)

Nostro reconciliations, the Cash Management Department and Operations

Front Office, the Cash Management Department and Operations

Front Office, Nostro reconciliations and Operations

Front Office, Nostro reconciliations and the Cash Management Department

Currency risk

Operational risk

Liquidity risk

Settlement risk

The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.

SSIs should be stored and maintained in the bank's general static data system.

Each institution should have a separate SSI team to prevent / minimize the potential risk of fraud.

SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.

An agreement to exchange one stream of interest payments for another (fixed against floating)

A fixed rate leg in one currency and a fixed rate leg in another currency

Two floating rate legs on different indexes

An agreement to borrow and lend one currency for another at two different value dates

can be used to show the counterparty the amounts it has to pay

can be used as the basis of reporting the bank’s position to the relevant central bank of the country concerned, against the limit granted for the bank

can be used as the basis of reporting the bank’s position to the relevant tax regulations office of the country concerned

can be used to adjust the country limits

A worldwide unique identification code for both financial and non-financial institutions

A unique identification code for European financial institutions

The short form of the IBAN-code

A unique access-code to SWIFT-platforms

When the deal was processed is a good indication of the amounts to be reconciled

Each deal is registered according to a unique reference which helps in reconciling the items

The BIC-address helps you to reconcile the open items

None of the above. You should telephone your counterparties to request more information