KYC
Credit
Service Requests
Pipeline
Pop Culture
100
Simplified KYC requirements ONLY apply to those clients that have been with US Trust prior to what date?
1/1/2005
100
Generally, rate locks are good for what period?
60 days
100
When transferring a client from ML to UST which 2 approvals are required before the request can be completed?
Merrill FA and BSM
100
When an opportunity age is showing as “red” or “yellow,” one of four things needs to be done. Name two out of the four.
Change Sales Stage, move out Sales Event Date, Close-Won, Close-Lost
100
Which classic boxing match is spotlighted in "When we were Kings"
The Rumble in the Jungle - the fight in 1974 between George Foreman and Muhammed Ali.
200
Name three types of sources of wealth per the UST Source of Wealth Matrix:
Salary, business owner, inheritance, family/gift, trust proceeds, household wealth
200
The Target Market for Structured Lending is:
High net worth clients, typically clients with $3 million in deposits/investments and a net worth of at least $5 million, Strong cash flow and low to moderate leverage (direct and contingent) relative to overall net worth, U.S. citizens or permanent residents
200
Which mailbox should questions regarding AFS Loan Service requests be directed to?
Charlotte Private Bank Ops
200
If cash is wired into a Pace account and put on a fee waiver, how should you close the opportunity in order to capture the flow?
Asset addition opportunity showing the amount wired in and a revenue figure of $1
200
Which leading fashion designer was found dead in his London home in February 2010?
Alexander McQueen
300
Mr. Meyers is a stay at home Dad. His wife Mrs. Meyers is the CFO of a fortune 500 company. Her annual salary is approximately $5 MM. What is the appropriate description of Mr. Meyer’s SOW per the UST SOW Matrix?
Household wealth
300
Provide two parties who can provide Custom Residential Real Estate Pricing Exceptions and their pricing exception levels.
U.S. Trust Market Executive - 1/8 % (off rate sheet) Custom Residential Real Estate National Sales Mgr. or designee - 1/8 % (additional to Market Executive)
300
Which three denominations can be requested when ordering foreign currency?
Small, Mixed and Large
300
How many days after a sales event occurs can you close an opportunity and still get sales credit?
90 days
300
What is the name of the Walking Dead character that delivered pizzas prior to the rise of the walkers?
Glen
400
Which financials could be utilized to verify a client’s income?
Tax return, Personal financial statement, W2, Paystub, & CPA letter
400
What does the acronym CEMA stand for?
Consolidation, extension and modification agreement
400
Which tax statements can be requested for deposit and mortgage related items?
1098 & 1099
400
True or False: The beneficiary of a trust held at UST receives an age based distribution. They choose to keep those assets at UST within their personal IM&T account. Since this is a Pace to Pace transfer, it is not comp eligible..
False – If the trust does not require the assets to stay within UST, the beneficiary could have taken those assets anywhere. Therefore, this can be paid as “retained business” as long as the BSM submits a copy of the Trust Agreement to comp.
400
"All my life I had to fight. I had to fight my daddy. I had to fight my uncles. I had to fight my brothers.", is a quote from what movie?
The Color Purple
500
A __________ must ALWAYS be listed in a public or private foundation KYC.
Controlling individual
500
The Obligor Risk Rating ("ORR") is based on the Probability of Default ("PD") of the associated obligor over an average twelve month period, in accordance with Bank of America Corporation's (hybrid) Risk Rating Philosophy, what are the acceptable ORRs per bank policy.
ORRs from 1-6
500
Name 5 sub requests that can be entered under Account Maintenance:
Add/remove holds, address change, CD maintenance, CD redemption, Check Order, Statement Check Copies, Stop Payment, Duplicate Tax Statement, fee refunds, fee waiver, name/ownership/title maintenance, overdraft settings, documents to be imaged, close deposit products, deposit account type change, duplicate tax statement…etc
500
How is the revenue calculated for a mortgage product?
Automatically at 70 BPS
500
Which NFL star appears in the movie “Something about Mary"?
Brett Favre