All 3I0-013 Test Inside ACI Questions

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.

It is only permissible in derivatives markets

Both parties of a trade should send confirmations

It is recommended

It is only permissible when dealing value today

The maintenance margin is a predetermined fraction of initial margin

The initial margin is a predetermined fraction of maintenance margin

The maintenance margin represents the brokerage costs

The maintenance margin represents management fees

Front office staff should not be able to modify confirmations.

The staff who confirm trades should be distinct from those who agree to and execute trades.

The process of confirming trades should be done only by Operations staff.

Only staff who agree to and execute trades should be permitted to modify any details of the written confirmation.