3I0-013 무료 덤프문제 온라인 액세스

Why is the use of netting systems encouraged?

• A.To reduce the brokerage fees
• B.To reduce settlement and credit risk
• C.To enhance the straight through processing
• D.To avoid too heavy a workload for operations staff

Your bank purchases a FRA at 0.75% in USD. Under what conditions will you pay a cash settlement?

• A.If LIBOR is higher than 0.75%
• B.If EURIBOR is lower than 0.75%
• C.If LIBOR is lower than 0.75%
• D.If EURIBOR is higher than 0.75%

A "turn of the month" deposit would be a transaction:

• A.Value first business day of a month against last business day of the same month
• B.Value last business day of a month against last business day of the following month
• C.Value first business day of a month against first business day of the following month
• D.Value last business day of a month against first business day of the next month

Why is securities reconciliation necessary?

• A.To anticipate the fact that clearing houses stop processing in the afternoon, whereas payment orders may still be processed until 6 p.m.
• B.In order to save data capacity in electronic archiving systems.
• C.To facilitate the handling of complex security transactions.
• D.To prevent that a failed order results in a failure to settle that day, which in turn would lead to an incompletely-reconciled account.

What is the disadvantage having separate cash accounts?

• A.One account could be overdrawn while the other has excess funds. The surplus balance would earn less interest than the amount being charged on the corresponding overdraft if an error occurs in settlement. Thus there is a risk of overdraft interest versus idle balances
• B.One securities account could be overdrawn while the other has excess securities. The surplus balance would earn less interest, if any, than that being charged on the corresponding overdraft if an error occurs in settlement
• C.The workload of the auditors, compliance officers, risk managers and dealers will be higher
• D.You need more back office staff to book the fees