Payment and Settlement Instructions Should Be Passed

question 13

Multiple Choice

Payment and settlement instructions should be passed:

• A) As quickly as possible.
• B) Within 24 hours of the transaction.
• C) Before 10:00am on the value date.
• D) Before close of business on the transaction date.

---

Definitions:

Business Decision Making

The process by which business leaders and managers choose among alternatives to achieve organizational goals efficiently and effectively.

Local Human Capital

The collective skills, knowledge, and abilities of individuals within a specific local area or community.

Corporate Human Capital

Represents the collective knowledge, skills, and abilities of an organization’s workforce and their value to the company.

International Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country on a global scale.