Effective Study Techniques for the ACI 3I0-013 Exam

"Step up" bonds

Index linked bonds

Premium bonds

Par bonds

Market makers must ensure that their prices are adequate and appropriate for their trading style

Prices must be posted with the clear intent to be tradable

There need not be a clear and genuine intent to trade on each posted price

Prices quoted should be firm unless clearly labeled as indicative

A worldwide unique identification code for both financial and non-financial institutions

A unique identification code for European financial institutions

The short form of the IBAN-code

A unique access-code to SWIFT-platforms

Sell EUR/USD or GBP/USD spot

Deal Reverse Repos (Reverse Sale and Repurchase Agreements)

Place USD in torn next

Deal Repos (Sale and Repurchase Agreements)

EUR 8,219.18

EUR 8,333.33

EUR 18,219.18

EUR 18,333.33

USD 38,250,000.00

USD 38,262,500.00

GBP 25,000,000.00

USD 16,339,869.28

The bank is entitled to seek reimbursement from the party responsible for the late payment.

Nothing can be done to compensate the bank for the interest charges it incurs.

The bank should file a complaint with ACI’s Committee for Professionalism.

The bank will automatically be reimbursed by the party responsible for the late payment.

The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.

SSIs should be stored and maintained in the bank's general static data system.

Each institution should have a separate SSI team to prevent / minimize the potential risk of fraud.

SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.

3 months, 6 months and 9 months

1 month only

Up to 2 years

1 month, 3 months, 6 months and 12 months

The non-receipt of funds from a counterparty

The non-payment of funds to a counterparty

The duplicate payment of funds to a counterparty

The duplicate receipt of funds from a counterparty