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ACI

3I0-012 · Question #315

Which one of the following statements about claims is true?

The correct answer is C. Claims are calculated on the full principal amount of the failed transaction. Interest rates are imposed. See the full explanation below for the reasoning.

Question

Which one of the following statements about claims is true?

Options

  • AClaims are not expected to be submitted after 15 days from the actual settlement date.
  • BClaims of less than USD 5,000.00 are not expected to be submitted.
  • CClaims are calculated on the full principal amount of the failed transaction. Interest rates are imposed
  • DAcknowledgement of receipt of a claim should be confirmed within 48 hours by email or SWIFT.

How the community answered

(22 responses)
  • A
    9% (2)
  • B
    5% (1)
  • C
    82% (18)
  • D
    5% (1)

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Full 3I0-012 Practice