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3I0-012 · Question #359

3I0-012 Question #359: Real Exam Question with Answer & Explanation

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Question

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

Options

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

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