Mandate Management
What is mandate management?
Process of adding/modifying/removing person(s) who are authorised to act on behalf of thee company.
What does PCM stand for?
Payment and Cash Management
Please name the types of Payment Channels.
Interactive and Non-interactive
What is Order Manager responsible for?
reading the message,
checking the syntax,
basic screening
Name three payment types.
SEPA
International Credit Transfer
Domestic Credit Transfer
Who is Legal Representative?
A person who can act on behalf of the company and is stated in the Chamber of Commerce.
Payment flow
Client - Payment Channel - Order Manager - Payment Engine - Clearing System
What is the synonym for non-interactive Channels?
Host 2 Host / H2H
Name order managers and countries they were created in.
GIOM/GCRP - NL
KIC/KOC - BE
How is SEPA different than International and Domestic Credit transfers?
Only within EEA
Always in EUR
Processed the fastest with the lowest fee rate
What do we need to register a person to ING systems?
Chamber of Commerce
ID/Passport
Signature Specimen
Which part of our Domain does Audit Letter belong?
Confirmations
Please name the H2H channels that our clients use.
SWIFTNet, FTP, EBICS
What is the other name for KIC/KOC?
Legacy
How do we know which payment engine processed a specific payment?
Based on the payment type.
What are acceptable forms of verification?
Notarization
Apostille
Legalization
ING employee Certification
What is our responsibility regarding clients' accounts?
Opening, maintaining and closing
What does IBP stand for and what is it used for?
IBP (Inside Business Payments) is used for the initiation of payments, uploading payment files, and downloading statements
Which part of the order manager is responsible for reporting?
GCRP/KOC
How do we see the payment information in payment engines?
By using systems that mirror information from payment engines.
Which country's signature specimen template is recognized in all European countries?
None. Signature specimens vary depending on the local branch.
Name types of pricing.
Standard,
Harmonized,
Deviated
Name IBP CEE countries
SK, CZ, HU, RO, RU, UA, BG
The purpose of GIOM is:
To provide our clients with a single Wholesale Banking Order Manager
The client from NL sends payment to Ireland in USD. What type of payment is that and where would we check
International Credit Transfer - in this case, we will check GIOM