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.
How to study the ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam
In an approved Test Centre, all ACI examinations are delivered electronically in a regulated environment. The ACI Financial Markets Association is an examination body and third parties, such as training firms, business schools and authors, provide resources for exam preparation. Syllabus, sample questions and other resources can be found at the ACI's official website. Practice can be improved if ACI 3I0-003 practice exams are taken before applying for the exam. Refer to the links below to access them. Students are highly encouraged to access the ACI Accredited Trainers section from the links down below as they are very helpful when it comes to exam preparation.
How much ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam Cost
The cost of this exam is Euro 150 including all taxes, but prices for ACI examinations may differ for different countries. The renewal cost for this certificate will be Euro 100 for each time the certification is renewed. Head to the official website of ACI to learn more about the exam cost.
ACI 3I0-003 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Instruments and Settlement Processes | 20% | - Short-term bonds and notes - Foreign exchange instruments - Money market instruments - Derivatives and associated settlement |
| Settlement, Netting and Clearing | 20% | - Netting mechanisms (bilateral/multilateral) - Continuous Linked Settlement (CLS) - Domestic and international payment systems - Delivery versus Payment (DvP) - Correspondent banking, Nostro and Vostro accounts |
| Financial Markets and Treasury Operations | 15% | - Overview of financial markets - Front, middle and back office functions - Front-to-end transaction lifecycle - Roles of market participants |
| Risk Management, Controls and Documentation | 10% | - Compliance and industry best practices - Internal controls and segregation of duties - Settlement and operational risk - Business continuity planning |
| Deal Capture and Confirmations | 15% | - Confirmation mechanisms and standards - Amendments, cancellations and novations - Trade processing and validation |
| Treasury Systems and Data Management | 5% | - Communication and processing systems - Static/reference data management - Standard Settlement Instructions (SSI) |
| Reconciliations and Investigations | 15% | - Exception investigation and resolution - Settlement discrepancies and claims - Account reconciliation processes |
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