ACI
3I0-013 · Question #36
The use of standard settlement instructions (SSI's) is strongly encouraged because:
The correct answer is A. Adealer does not need to confirm payment details by phone. See the full explanation below for the reasoning.
Question
The use of standard settlement instructions (SSI's) is strongly encouraged because:
Options
- AAdealer does not need to confirm payment details by phone
- BIt splits differences arising from failed settlements between the two counterparties
- CIt eliminates the need to send out SWIFT paymentauthorizationson a case-by-case basis
- DIt avoids having to confirm each deal separately
How the community answered
(39 responses)- A72% (28)
- B15% (6)
- C5% (2)
- D8% (3)
Community Discussion
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