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American Bankers Association CRCM Exam - Topic 2 Question 45 Discussion

Which of the following elements is NOT required to be in a repurchase agreement between a bank that is a government securities dealer and a counterparty?
D) A statement that the bank is a regulated government securities dealer
A) A statement that the funds are not insured by the FDIC
B) A list of the specific securities that are the subject of the agreement
C) A provision for substitution of securities if they can be substituted

American Bankers Association CRCM Exam - Topic 2 Question 45 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 45
Topic #: 2
[All CRCM Questions]

Which of the following elements is NOT required to be in a repurchase agreement between a bank that is a government securities dealer and a counterparty?

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Suggested Answer: D

by Sheridan at May 05, 2022, 01:00 AM

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Haley
8 months ago
Yup, the bank's status as a dealer is a must-have too!
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Zena
9 months ago
The list of specific securities is definitely required.
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Carlota
9 months ago
Wait, are you sure about that? Seems important to me.
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Kara
9 months ago
Totally agree, that one's not essential!
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Jolene
9 months ago
A statement about FDIC insurance isn't needed.
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Raylene
9 months ago
I remember the instructor mentioning that the package file can be exported to any location that SAS Data Integration Studio has write access to, not just the local machine. I'm going to go with option B.
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Skye
10 months ago
I've got this! The formula is n(n-1)/2, where n is the total number of stakeholders. So with 75 internal and 245 external, the total is 320 stakeholders. Plugging that in, the answer is 51,040 communication channels.
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