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Questions and Answers
What is the purpose of a Correspondent Bank?
What can be inferred about Vostro and Nostro accounts?
From the Singapore bank's point of view, what is a vostro account?
What does a Correspondent Bank maintain according to the text?
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What reciprocal arrangements are mentioned in the text regarding Correspondent Banks?
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In which currency does CitiSpore maintain accounts of its correspondent banks?
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What is a nostro account from the point of view of a Singapore bank?
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What is the purpose of a bank draft or demand draft?
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What does TT/SWIFT stand for in banking?
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What is the main characteristic of Blockchain Technology?
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How are cheques and drafts authenticated?
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What is the main function of SWIFT messages?
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What type of account does CitiS’pore maintain with CitiTokyo and CitiNY?
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What currency accounts does CitiTokyo maintain?
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