ACI Operations Certificate challenging - 3I0-013 Exam Questions [2026]

QUESTION NO: 1
When do you use a SWIFT message type 202?

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

Correct Answer: A

QUESTION NO: 2
What is a nostro bank account?

A. An account another bank holds with you B. An account held with another bank C. A trust account D. A suspense account

Correct Answer: B

QUESTION NO: 3
If you execute a sale of bonds, and the securities have not been delivered 2 days after you have received payment on the agreed settlement date, which of the following is correct:

A. You will have to pay at least 2 days of funding costs on top of the coupon B. The counterparty will have to pay at least 2 days of interest charges on top of the coupon C. The counterparty has a debt to you D. You have no debt to the counterparty

Correct Answer: A

QUESTION NO: 4
You request use of funds from your agent bank for 1 day on an amount of EUR 100,000,000.00, EONIA was 0.812% and the ECB deposit facility rate is 0.50%. What use of funds settlement amount should you expect?

A. EUR 2,255.56 B. EUR 1,561.11 C. EUR 1,388.89 D. EUR 2,951.39

Correct Answer: B

QUESTION NO: 5
The coupon of this type of bond can be based on a country's CPI (Consumer Price Index);

A. Par bonds B. "Step up" bonds C. Premium bonds D. Index linked bonds

Correct Answer: D

QUESTION NO: 6
What are the factors determining if a FX transaction can be settled through the CLS Bank?

A. Currency pair, price, counterparty B. Counterparty, price C. Currency pair, counterparty, time D. Currency pair, price

Correct Answer: B

QUESTION NO: 7
When completing a nostro reconciliation, what does an unresolved ledger credit signify?

A. The duplicate receipt of funds from a counterparty B. The non-payment of funds to a counterparty C. The duplicate payment of funds to a counterparty D. The non-receipt of funds from a counterparty

Correct Answer: B

QUESTION NO: 8
To ensure effective risk management within a large financial institution, the head of risk management should report to:

A. The head ofIT B. The board of directors (top management) C. One cannot say, it depends on the financial institution D. The head of trading

Correct Answer: D

QUESTION NO: 9
You bought a 6x9 EUR 8,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) EURIBOR is 0.25%. What amount do you pay or receive?

A. Pay EUR 10,000.00 B. Receive EUR 10,000.00 C. Receive EUR 9,993.75 D. Pay EUR9,993.75

Correct Answer: D

QUESTION NO: 10
Which of the following is considered a good practice in trade confirmation?

A. All confirmations must be sent on the day following the trade date at the latest B. Confirmations should be issued to non-front office personnel only C. Counterparties should send confirmations, or positively affirm trades within 24 hours of the trade booking D. Multiple confirmations sent through different distribution channels reduce potential errors

Correct Answer: A

QUESTION NO: 11
What is the advantage of instantaneous matching?

A. It gives the counterparty more time to cancel a deal B. It reduces the number of trades C. It gives front-office staff more time to process the payment orders D. It reduces errors and costs

Correct Answer: D