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ACI

3I0-012 · Question #208

When differences in payment arise because of errors in the payment of funds:

The correct answer is C. no market participant should be unjustly enriched or injured by the action/error of another market participant. See the full explanation below for the reasoning.

Question

When differences in payment arise because of errors in the payment of funds:

Options

  • Aclaims should be made for the costs incurred by the injured party and include all administration costs
  • Bno party involved can be enforced to contribute to achieve an equitable resolution to the problem
  • Cno market participant should be unjustly enriched or injured by the action/error of another market participant
  • Dclaims are calculated on the full principal amount of the failed payment with the interest rate imposed by

How the community answered

(24 responses)
  • A
    4% (1)
  • B
    13% (3)
  • C
    75% (18)
  • D
    8% (2)

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Full 3I0-012 Practice