What is the most important feature of a brokerage reconciliation?

It must be processed once a year
brokers' bills should be reconciled during the night when no other system is running
brokers bills must be reconciled promptly at month-end prior to payment
the existence of a single reference currency for all the brokers with whom your institution is dealing

Answer(s): C

What is the function of the cash positions keeper?

He/she acts as a running control on the balance of a nostro, alerting the treasury dealer when funds are running too low or too high for a particular value day measured by agreed upon internal parameters
He/she assists the dealer in deciding which currency to invest in
He/she informs back office staff about which kind of confirmations are to be used
He/she acts as a running control on the balance of an internal account, alerting the treasury dealer when fees are running too low or high for a particular value day

Answer(s): A

Which kind of report is a reconciliation system unable to produce?

A "probable matched items report" (a report in which most fields match but there are some discrepancies)
A "calculated fees report" (a report of the expected fees owed)
A "matched items report" (a report of all fields that match)
An "unmatched items report" (a report of items for which one is unable to find matches)

Answer(s): B

Which SWIFT message type is a nostro cash reconciliation software package based on?

Answer(s): D

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