3I0-013 Exam - Free ACI Questions and Answers

Question #6 (Topic: Topic 1)

Which SWIFT message formats would you use for a foreign exchange confirmation and
fixed money market confirmation, respectively?

A. MT 400, MT 950 B. MT 200, MT 100 C. MT 300, MT 950 D. MT 300, MT 320

Answer: D

Question #7 (Topic: Topic 1)

When do you use a SWIFT message type 202?

A. For a foreign exchange confirmation B. For multiple general financial institution transfers C. For a general financial institution transfer D. For a customer transfer

Answer: C

Question #8 (Topic: Topic 1)

In the unexpected event that a public holiday is declared on the date a particular contract
matures, what is the normal market practice?

A. If that day is not the final trading day of the month, all contracts maturing on that day are extended to the next business day B. If that day is not the final trading day of the month, all contracts maturing on that day are shortened to the preceding business day C. All new maturity dates have to be agreed upon with the counterparties involved D. Decisions about the maturity dates of trading contracts are made by ACIs Committee for Professionalism on a case-by-case basis and must be adhered to

Answer: A

Question #9 (Topic: Topic 1)

How are accounting entries usually generated?

A. They are generated based on a code profile held for each product type on a time event basis. B. They are generated based on a code profile held for each front office staff member. B. They are generated based on the nature of instruments (debits = first priority / credits = second priority). C. They are generated in the morning at start of business when there is no direct link to other systems.

Answer: A

Question #10 (Topic: Topic 1)

What is a SWIFT message type 210?

A. A request for financial institution transfer B. A general financial institution transfer C. A financial institution transfer for its own account D. A notice to receive

Answer: D

ACI 3I0-013 - ACI Operations Certificate challenging Exam