ACI
3I0-013 · Question #116
What is the main purpose of nostro reconciliations?
The correct answer is D. To provide an overview of all the transactions listed by counterparty. See the full explanation below for the reasoning.
Question
What is the main purpose of nostro reconciliations?
Options
- ATo compare the cash entries that have passed through the bank's internal nostro accounts,
- BTo compare the securities entries that have passed through the bank's internal nostro
- CTo compare expected securities movements with actual securities movements
- DTo provide an overview of all the transactions listed by counterparty
How the community answered
(38 responses)- A3% (1)
- B13% (5)
- C5% (2)
- D79% (30)
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