In the event that standard settlement instructions are provided by a third party, full authentication and authorization of those SSIs should be independently performed by?
A) Sales I trading staff
B) Operations staff
C) Nostro staff
D) Front office staff

Question

Quizplus · Accepted Answer

It is the responsibility of the operations staff to independently perform full authentication and authorization of SSIs provided by a third party. Sales and trading staff usually deal with clients and their orders, while nostro staff are responsible for managing the bank's accounts with other banks. Front office staff includes sales, trading, and other client-facing roles who may not have the necessary expertise to authenticate SSIs.

In the Event That Standard Settlement Instructions Are Provided by a Third