ACI Operations Certificate case studies
ACI Operations Certificate · Put your knowledge to work in context.
This independent study page provides practice for ACI Operations Certificate. Its editorial learning areas include Treasury operations: capture, confirm, settle and reconcile the trade. The questions develop subject knowledge and application through worked reasoning, distinctions between competing answers, and practical scenarios. Study the relevant guide before attempting a mixed set, then explain the evidence or calculation that supports each answer. Topics on this exam: Treasury operations: capture, confirm, settle and reconcile the trade. The ACI Operations Certificate case studies are 4 cases and about 722 words.
1A nostro difference and a missing fee
A fictional nostro reconciliation starts with an agreed opening balance of 1,000,000 currency units. The internal ledger records an incoming payment of 250,000 and an outgoing payment of 100,000. The correspondent statement shows both payments and a separately identified fee of 500 units. The ledger has not recorded the fee.
178 words, under 1 min2Buying the base currency at the bank ask
A simplified foreign-exchange exercise quotes EUR/USD at 1.1000 bid and 1.1002 ask from the bank perspective. A customer buys two million euros from the bank for the agreed value date. There are no fees, taxes, additional margins or settlement adjustments in this classroom model. One operator uses the bid because the customer is buying, while another first identifies which currency the quoting bank sells.
183 words, under 1 min3A changed payment instruction before cutoff
An operations employee receives an email requesting that a large settlement be sent to a new beneficiary account. The message uses a familiar display name and refers to a real trade, but its account details differ from the approved standing instructions. The sender says the cutoff is close and asks the employee to avoid the usual callback. The team has an established independent verification and approval process and access to known counterparty contact information.
193 words, under 1 min4Net arithmetic and the settlement agreement
Two fictional institutions identify same-currency obligations for the same stated date: institution A owes institution B 800,000 units and institution B owes institution A 450,000 units. A classroom worksheet asks for the arithmetic difference. An employee then proposes sending only the difference in real settlement without checking the agreement, transaction eligibility or authorization. The records do not establish whether the two obligations may legally and operationally be netted.
168 words, under 1 min