ACI SETTLEMENTS CERTIFICATE : 3I0-003

Topics of ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam

These core topics listed below are general recommendations for the ACI 3I0-003 exam dumps that are likely to be used for the examination. However, on any particular delivery of the test, other similar topics could also appear. The guidelines below can be updated at any time without notice to better represent the contents of the exam and for clarity purposes.

1. Confirmation and Settlement At the end of this section, candidates should: Understand why post trade processes are important to the smooth, predictable and timely settlement of transactions:

• Understand Principle (Operating practice consistency):

• Understand why it is important that there are overarching processes to ensure legal, operating, credit and conduct risks are all aligned

• Understand Principles (Normal and peak conditions):

• Understand the need to ensure extreme changes can be responded to in a timely manner.
• Understand the basic expectations for end-to-end processing capacity in normal and peak market conditions

• Understand Principle (Transmission of trade data):

• Understand what measures to take in the case of a breakdown in the transmission
• Understand what straight-through transmission of trade data is

• Understand Principles (Novations, amendments and cancellations):

• Understand the importance of reporting these trades
• Understand the importance of segregation of duties to facilitate these types of transactions

• Understand Principle (Confirmation):

• Understand the expectations to conduct efficient trading confirmation via bilaterally matched trades over electronic dealing systems
• Understand the risks associated with open-source communications and information security
• Know how confirmations should be transmitted
• Understand what types of confirmation mechanisms are acceptable for transactions in the FXMarket

• Understand Principle (Block transactions):

• Understand how to correctly allocate counterparties to block transactions
• Understand the processes to review and affirm block transactions

• Understand Principle (Discrepancies):

• Understand when it is appropriate to escalate these discrepancies and the use of these records to evaluate operational risks
• Understand how to identify discrepancies and deal with these as quickly as possible

• Understand Principles (Processes specific to each FX product):

• Understand the obligation of operations to establish policies that include procedures to deal with specific confirmation and settlement requirements across all FX products traded in their institution

• Understand Principle (Settlement Risk):

• Understand why methods of quantifying FX Settlement Risk are important
• Understand the appropriate use of automated netting systems
• Understand bilateral netting arrangements that should be in place

• Understand Principles (SSIs):

• Understand why and how alternate settlement instructions are used
• Understand how to set up and maintain SSI data
• Understand how settlement is conducted in respect to SSI instructions
• Understand the meaning of Standard Settlement Instructions
• Understand the responsibilities for entering, authenticating and maintaining SSIs

• Understand Principle (Direct Payment):

• Understand the risk reduction brought by Direct Payments
• Understand the importance of clearly formulated policies for the use of Third-Party Payment and their correspondent risk assessments
• Understand why arrangements for Third-Party Payment need to be fully agreed and documented prior to trading

• Understand Principle (Funding requirements):

• Understand the management of funding requirements expected over nostro accounts for each tenor
• Understand why bilateral agreements need to be in place for cancellations and amendments of trade
• Understand how time zones could affect efficient funding management of nostro accounts across global banks

• Understand Principle (Account reconciliation):

• Understand how to resolve disputes related to unreconciled trades.
• Understand the importance of timely reconciliations across expected and actual cash flows
• Understand the benefits of having automated nostro account reconciliations

• Understand Principle (Settlement discrepancies and compensation claims):

• Understand why procedures are necessary to detect settlement discrepancies
• Understand why escalation policies are important to rectify and update Settlement Risk in the case of settlement discrepancies
• Understand why policies for compensation costs related to late payments need to be clearly and transparently communicated

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Introduction to ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam

The ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam is the new exam version that has replaced the well known ACI Model Code exam (3I0-002). As the Model code exam was retired in 2017, this document will only focus on the ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam. The ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE exam tests the comprehension of the six topics and 55 principles set out in the Global Code by a person and is an excellent first step in demonstrating compliance with the new Code and a possible differentiator in terms of career advancement. The program is designed for market participants (as specified by the ACI 3I0-003), including buying and selling groups, intermediaries, regulators and central banks, and is applicable to individuals engaged in front-end trading, middle-class, working, compliance and risk functions.

The benefit of obtaining the ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam Certification

• Enhanced professional development profile with a recognized qualification for the industry
• Chances, within your CPD profile, to explore more ACI Education opportunities
• Formal certification of the perception by individuals of prevailing global norms of behavior and business practices
• Compliance with the conformity criteria levied by the financial services authorities

Difficulty in Writing ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam

Every exam seems difficult if not well prepared. One of the key problems faced by most candidates is choosing the right research materials for their exam preparation, since they use the internet to find too much data that makes it difficult for them to trust, which would be helpful for them. The “How to study for ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam” section specifically focusses on ACI 3I0-003 exam dumps PDF for best exam preparation. It is strongly advised to use the course contents mentioned in this document to search online for relevant study material to gain an understanding of what each topic is about. Continuous learning is provided by ACI ELAC portal. ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam is not a technical exam and can be very easy to solve if well prepared. ACI 3I0-003 practice exams are provided by Test4Cram and can be accessed via the links at the bottom of this document. Test4Cram have the most up-to-date ACI 3I0-003 exam dumps. Test4Cram also include practice testing, which proves to be an outstanding forum for testing the information gained. Sample questions provided on the ACI's official website can also be very helpful to gain knowledge of the type of questions expected in the exam.

ACI 3I0-003 Exam Syllabus Topics: