The use of standard settlement instructions (SSI's) is strongly encouraged because:
A) It reduces operational risk.
B) It splits differences arising from failed settlement between the two counterparties.
C) It removes the need for sending out SWIFT payment authorisations.
D) All of the above.

Question

Quizplus · Accepted Answer

The use of standard settlement instructions (SSI's) is strongly encouraged because it reduces operational risk. It does not split differences arising from failed settlement between the two counterparties or remove the need for sending out SWIFT payment authorisations.

The Use of Standard Settlement Instructions (SSI's) Is Strongly Encouraged