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3I0-003
  • Exam Code: 3I0-003
  • Exam Name: ACI SETTLEMENTS CERTIFICATE
  • Updated: Sep 13, 2026
  • No. of Questions: 100 Questions and Answers
  • Download Limit: Unlimited

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What is the duration, language, and format of ACI 3I0-003: ACI SETTLEMENTS CERTIFICATE Exam

  • Language of Exam: English
  • Passing percentage: 75%
  • Duration of Exam: 60 minutes
  • Validity: 1 year
  • Format: Multiple choice
  • Questions: 40

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.

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ACI 3I0-003 Exam Syllabus Topics:

SectionObjectives
Foreign Exchange & Money Market Settlements- Money market instruments settlement
  • 1. Interest accrual and settlement timing
    • 2. Deposits and certificates of deposit
      - FX settlement conventions
      • 1. Payment versus payment (PvP) systems
        • 2. Spot value dates and cut-off times
          ACI Financial Markets Operations Fundamentals- Standard Settlement Instructions (SSI)
          • 1. Settlement matching and reconciliation
            • 2. Role of SSIs in reducing operational risk
              - Settlement Processes in Financial Markets
              • 1. Trade lifecycle and confirmation
                • 2. Clearing and settlement mechanisms
                  Risk and Operational Control- Reconciliation and exception handling
                  • 1. Back-office controls
                    • 2. Break resolution processes
                      - Operational risk in settlements
                      • 1. Settlement failure risk
                        • 2. Counterparty risk management

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