The Use of Standard Settlement Instructions (SSI's) Is Strongly Encouraged

question 293

Multiple Choice

The use of standard settlement instructions (SSI's) is strongly encouraged because:

• A) It reduces operational risk.
• B) It splits differences arising from failed settlement between the two counterparties.
• C) It removes the need for sending out SWIFT payment authorisations.
• D) All of the above.

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Definitions:

Context Reinstatement

Context reinstatement is a cognitive process by which recalling the context in which a memory was formed enhances the retrieval of that memory.

Eyewitnesses

Individuals who have directly seen an event and can provide testimony about it.

High Confidence

A strong belief in one's abilities, qualities, or judgement.

DRM Paradigm

A cognitive psychology experiment that studies false memory by having participants recall a list of semantically related words, only to commonly falsely remember a related word not presented.