Money Funds
Overdraft
Screens
ASAPs
Checks
100
The main screen we use to see the cash in a client’s money funds
What is: FWM
100
Can we share overdraft thresholds with client's?
What is: NO! NEVER!
100
What screen can you go to in order to see a client's current holdings (securities/options/annuities) in an account?
What is: FWH
100
What does ASAP stand for?
What is: Advanced Service and Processing system
100
How can you tell if a customer is going to the branch to pick up the check?
What is: CUST WAIT field will be marked on main page of check
200
What money fund never sweeps?
What is: Non sweep money fund
200
When is OD interest charged?
What is: 15th of each month
200
What can be seen on UDI?
What is: same day FFUND's and check deposits
200
If an ASAP status on RCX is AW-AP, who can you call to approve it?
What is: Nobody, the ASAP is already approved and awaiting accounts processing (aka batch period)
200
How can you navigate a check ASAP to see where the check is being mailed?
What is: 'P' in the action field
300
What are the sweepable money funds for CMA accounts?
What is: CMA-MNY, CMA-OTH
300
What screen will allow you to "search" by OVERD ?
AKF
300
What two screens will show you the current available amount to withdraw from an account?
What is: AXJ and BMA
300
In a Broker Transfer ASAP, where are the client's securities/cash being sent?
What is: to another brokerage firm
300
When processing a check ASAP, what are the screens you must always check? (5)
What is: RCX/FWM/AXJ/BMA/KDI
400
What money fund sweeps for retirement accounts?
What is: Ready Assets (RAX/RAT)
400
What happens on DAY 11 of an account's OD?
What is: Overdraft Block is placed on account (AZB), causing visa and checking abilities to be blocked temporarily
400
You see a DELAY cash signal on FWM. Where should you go next?
What is: DLX
400
If a CA enters an ASAP with an LOA type of TO FOLLOW, what will happen to that ASAP?
What is: ASAP will be submitted in a DRAFT status until valid LOA is attached
400
What type of check means "branch-issued"?
What is: OMCA check
500
Why do client's invest their cash in money funds?
What is: To earn interest on funds held in the money fund
500
What happens on DAY 57 of an account's OD?
What is: Account is charged off, will never have checking/visa abilities again
500
If an ASAP brokerage edit is warning you to VALIDATE BLOCK AGAINST ACCOUNT, which screen do you need to check ?
What is: BMA
500
What is the purpose of doing a Check Close Out ASAP for an account?
What is: to close the account in a way that will send any residual funds to the client automatically via Check ASAP.
500
Where is the only place Check Closeout ASAPs can be mailed?
What is: client's stencil address
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