3I0-012 Exam Dumps : ACI Dealing Certificate

Management should ensure dealers fully understand the systems they use and dealers should read the manuals.

Management, dealers and vendors share responsibility.

Dealers are required to pass the ACI Dealing Certificate before being allowed to access electronic dealing platforms.

Given the wide range of electronic dealing platforms used by banks, it is the responsibility of the vendors to ensure individual users are adequately trained.

Periodic exchange of fixed and floating payments up to and including maturity

At maturity by net payment

After maturity by exchange of fixed and floating payments

Two days after maturity by net payment

Claims are not expected to be submitted after 15 days from the actual settlement date.

Claims of less than USD 5,000.00 are not expected to be submitted.

Claims are calculated on the full principal amount of the failed transaction. Interest rates are imposed by the agent banks, unless a higher negotiated rate is to be applied.

Acknowledgement of receipt of a claim should be confirmed within 48 hours by email or SWIFT.