3I0-013 Exam Questions

Voice-brokers in spot FX act as:

Which one of the following statements about claims is true?

As regards controls, which of the following best practices for counterparty identification is incorrect?

Experience has shown that recourse to taped telephone conversations proves invaluable to the speedy resolution of disputes. Therefore, the Model Code recommends:

If manual trade capture methods are used, when should deals be recorded in systems used for this purpose?

A dealer belongs to:

How is the price of an interest rate swap (IRS) expressed?

A "basis point", expressed as a percentage, is:

Which of the following factors must be considered when making interbank EUR payments in RTGS systems between 17:00 CET and 18:00 CET with same day value?

As to deal confirmations, who is your counterparty on futures contracts?

What is the advantage of instantaneous matching?

Which of the following is essential for the effective and timely execution of outward payments?

What is the meaning of "good value" in FX?

What is a correspondent bank?

What is the RTGS single technical platform inter-linking the ECB and the national central banks of the EU member states which have adopted the Euro?

What is a nostro bank account?

Which of the following best describes the main objective of the nostro reconciliation function?

What is a ladder maturity report?

Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 6% p.a. plus reserve costs of EUR 1.00 per th...

Which SWIFT message type is a nostro cash reconciliation software package based on?

Why is a failed trade log important?

Which of the following is an example of a foreign currency nostro account from the perspective of a bank in London?

When completing a nostro reconciliation, what does an outstanding statement credit possibly signify?

You receive a trade to process with counterparty settlement instructions that differ from those you hold on your standard settlement instruction file (SSI).

Inexplicably, the Chief FX trader asks the junior settlements clerk to hold back a deal input until the following morning. Which of the following courses of action should you recom...

You suspect that a colleague is guilty of embezzlement. What should you do?

«Illiquid» describes an instrument which:

You are in the pub with a friend who works for another financial institution. The friend asks youfor information about a mutual customer's forward foreign exchange dealing volumes....

What are the consequences for credit risk when a collateral agreement is added to a netting agreement?

As far as interest rate swaps are concerned, which risk is reduced or eliminated when a close-out netting agreement is in place?

The use of netting in foreign exchange dealings has increased because it reduces:

Your FX swap dealer bought and sold 1 month GBP/USD 25,000,000,00; rates were set to 1,5305 against 1.5300. What payment is your bank expecting in a month from now?

In FX swaps, the rate of the spot leg:

Today, the spot value for a USD deposit is Wednesday, 29 February. What is the 4 months maturity date? (Assume that there are no bank holidays)

The capital market is the general term for a financial market in which:

Your money market dealer has accepted a deposit of NOK 10,000,000.00 at 2.375% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at matu...

If the maturity of a straight 3-month deposit fails on a Saturday, which is also the last day of the month, what will be the final end date of this transaction?

The notional amount in an interest rate swap is:

What is the "spread" in an interest rate swap (IRS)?

The writer of an options contract:

An American-style option is:

Which one of the following bonds uses variable rates?

The coupon of this type of bond can be based on a country's CPI (Consumer Price Index);

Sterling Treasury bills can be issued with maturities of:

Between which departments are clear and structured escalation procedures required for the management of incorrect funding balances?

Which of the following statements about "standard settlement instructions" (SSI) is correct?

Regarding access to production systems, which of the following is incorrect?

Who is in charge of maintaining complete records of all transactions and any additional documentation in accordwithinternal guidelines and regulatory requirements?

With regard to operational risk awareness, which of the following best practices is incorrect?

In settlement, which "know your trade" best practice is incorrect?