Pass ACI FMA 3I0-010 Exam to Become ACI Certified

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3I0-010 exam bundle
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Exam 3I0-010
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Question: 5

When should discrepancies between front-office and back-office systems be resolved?

  1. by the end of the trading day
  2. on the next business day
  3. on the value date
  4. as soon as they become apparent

Answer: D

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Question: 5

When should discrepancies between front-office and back-office systems be resolved?

  1. by the end of the trading day
  2. on the next business day
  3. on the value date
  4. as soon as they become apparent

Answer: D

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Question: 4

The prompt sending and checking of confirmations is considered a best practice when dealing in:

  1. amounts higher than USD 10,000,000.00 or the equivalent in other currencies
  2. amounts higher than USD 1,000,000.00 or the equivalent in other currencies
  3. any amount unless dealt via a broker
  4. any amount by any counterparty

Answer: D

Question: 3

A collateral pool can be defined as:

  1. assets lent by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances
  2. liabilities owned by members of a payments system collectively available to the system as collateral to enable them to obtain funds in specific circumstances
  3. assets owned by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances
  4. assets swapped by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

Answer: C