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An ADI Calculates That It Will Need to Increase Its

question 23

Essay

An ADI calculates that it will need to increase its ES funds in order to be able to settle its payment system obligations that day.How can it do so?


Definitions:

Life Insurance

A contract between an insurer and a policyholder, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Spouse

Spouse refers to a partner in a marriage.

Procure Policy

The process of obtaining or arranging an insurance policy.

National Insurance

A system of taxes and payments made by workers and employers to fund state benefits, primarily in the UK.

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