ACI
3I0-013 · Question #200
Which of the following statements about "standard settlement instructions" (SSI) is correct?
The correct answer is C. Each institution should have a separate SSI team to prevent / minimize the potential risk of. See the full explanation below for the reasoning.
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
- BSSIs should be stored and maintained in the bank's general static data system.
- CEach institution should have a separate SSI team to prevent / minimize the potential risk of
- DSSI staff should be fully integrated within Operations to insure consistent and reliable
How the community answered
(41 responses)- A7% (3)
- B15% (6)
- C76% (31)
- D2% (1)
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