Podcast
Questions and Answers
What is the primary purpose of branches generating tickets for activation of dormant accounts?
What is the primary purpose of branches generating tickets for activation of dormant accounts?
- To monitor the daily cash payment requirements of customers
- To requisition cash from Cash Processing Centers/Cash Houses
- To ensure timely delivery of semi-annual statements of accounts to customers (correct)
- To maintain a minimum surplus of five days average of daily payment risk
What is the minimum cash balance that branches are required to maintain?
What is the minimum cash balance that branches are required to maintain?
- Minimum surplus of daily cash payment requirements
- Five days' average of daily payment risk
- One day's average of daily payment risk
- One day's fresh/re-issuable cash balance (correct)
What is the purpose of Cash Processing Centers/Cash Houses?
What is the purpose of Cash Processing Centers/Cash Houses?
- To provide fresh/re-issuable cash balance to branches (correct)
- To generate tickets for activation of dormant accounts
- To monitor the daily cash payment requirements of customers
- To maintain a minimum surplus of five days average of daily payment risk
What is the risk associated with branches not maintaining a minimum cash balance?
What is the risk associated with branches not maintaining a minimum cash balance?
What is the feature of the FAMI Philippines index?
What is the feature of the FAMI Philippines index?
What type of risk is excluded from the definition of Operational Risk?
What type of risk is excluded from the definition of Operational Risk?
What is the name of the department that handles Operational Risk Management?
What is the name of the department that handles Operational Risk Management?
What is the purpose of sending statements of accounts to customers' registered addresses?
What is the purpose of sending statements of accounts to customers' registered addresses?
What is the threshold for the number of instances where branches did not send letters to beneficiaries of unclaimed deposits?
What is the threshold for the number of instances where branches did not send letters to beneficiaries of unclaimed deposits?
What is the category type of the Basel II Event Type mentioned in the text?
What is the category type of the Basel II Event Type mentioned in the text?
