Which of the Following Statements About "Standard Settlement Instructions" (SSI)

question 467

Multiple Choice

Which of the following statements about "standard settlement instructions" (SSI) is correct?

• A) The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.
• B) SSIs should be stored and maintained in the bank's general static data system.
• C) Each institution should have a separate SSI team to prevent I minimise the potential risk of fraud.
• D) SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.

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Definitions:

Employee Turnover

The rate at which employees leave a workforce and are replaced by new hires, which can affect a company's stability and cost.

Theory X

Negative assumptions about employees’ values and intentions.

Industrious-Working

Characterized by a hard-working, diligent, and persistent effort towards achieving tasks and goals.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that can affect an individual's employment, interfere with their work performance, or create a hostile work environment.