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3I0-013 Exam Dumps - ACI-Financial Questions and Answers

Question # 54

Major amendments to a prospectus can be made:

Options:

A.

At the discretion of the issuer and after the launch

B.

Only with the consent of the note holders

C.

Always in the case of default payment

D.

Only by the custodian with the consent of the issuer

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Question # 55

How many characters does a BIC have? (Under ISO standard 9362: 2009)

Options:

A.

6 or 9 characters

B.

9 or 12 characters

C.

7 or 10 characters

D.

8 or 11 characters

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Question # 56

What payment system has to be used for all payments involving the Eurosystem?

Options:

A.

SWIFT

B.

CHAPS

C.

Euro Link System (ELS)

D.

TARGET2

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Question # 57

What is a junk bond?

Options:

A.

An AAA-rated security in payment default

B.

A sub-investment grade instrument

C.

An OECD Government bond

D.

A bond typically paying lower yields than an investment grade instrument

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Question # 58

Which of the following statements best describes collateral?

Options:

A.

Liquid assets pledged by one or both counterparties to the other to reduce credit risk

B.

Deposits placed by a commercial bank with a central bank to fulfill reserve asset ratios

C.

Any deposit placed by an institution with another institution of a lower credit rating

D.

Any cross border payment of currency

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Question # 59

If the back office staff receive a trade that is incomplete, which information is absolutely essential for processing the trade?

Options:

A.

The clearing house phone number

B.

The account number to which fees are booked

C.

The identity of the counterparty’s dealer

D.

The name of the counterparty

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Question # 60

A collateral pool can be defined as:

Options:

A.

Assets lent by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

B.

Liabilities owned by members of a payments system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

C.

Assets owned by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

D.

Assets swapped by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

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Exam Code: 3I0-013
Exam Name: ACI Operations Certificate challenging
Last Update: Feb 22, 2025
Questions: 386
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