BMO
How long does it take for a BMO to be closed?
10-12 days
What does CCA stand for?
Cash Collateral Account
We submit DDA and MMA in RMS...
True or False
False
Whats the FCT?
US-MCA-Closure
We send to centralize closure team to proceed with closure?
True or False
False
To close a CCA we will need an email approval from...
Credit Solution Team
What attachments do we need to add in CRM case?
•Closure checklist worksheet
• Client communication initiating closure
Whats does MCA stand for?
Multi-Currency Account
How many RMS tickes do we submit to close BMO?
2
What do we add in CRM case to route to Centralize closure?
Credit Solution team Approval
DDA Account/CIF Closure Handoff Template just complete the top section.
What's the difference between a Relationship or DDA Closure?
US – Relationship/CIF Closure- Closing all accounts, services and products related to CIF (including CIF closure)
US – DDA/MMA Closure- Standalone account closures (no CIF closure)
Where can we locate MCA account numbers?
CBS and OLB
Where can we locate the Schedule A?
D2 or -RMS-Product/Service Type- US Foreign Currency Account-Copy Schedule A (BMO)
Do we email Credit solution team for approval or do we email TC?
We can email TC for them to reach out to the credit solution team for approval since each TC have there own credit solution team.
Can anyone request account closure?
No, needs to come from signer
In how may currencys can we open a MCA?
18 Currencies
What's needed to close BMO accounts?
•BMO Checklist
•Check Schedule A ( BMO Signers)
•Send client email Template, with attach closure request form.
•Submit Two RMS tickets
Whats the CCA Service charge Type/plan?
C 245
What do we add in in our CRM case to route to closure team?
Brief Description section:
•Company Name
• CIF Number
•Any account details
Whats the RMS case we use to submit the MCA account?
None, because we dont submit it we send to closure team