Topic: MANDATES

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EOB – APR 2023 – L1 – Q8 – Revocation of Customer Mandate, Set-Off Definition and Instances

Five instances of mandate revocation; define set-off; three automatic set-off instances.

Question

a. State any five instances by which a customer mandate can be revoked. (10 marks)

b. With regard to account operations, what is set-off? (4 marks)

c. Mention any three instances where set-off is automatic. (6 marks)

(Total: 20 marks)

Answer

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Tags: account operations, automatic set-off, Customer mandate revocation, Set-off
Level: Level 1

Topic: MANDATES
Series: APR 2023

EOB – APR 2023 – L1 – Q8 – Revocation of Customer Mandate, Set-Off Definition and Instances

Five instances of mandate revocation; define set-off; three automatic set-off instances.

Question

a. State any five instances by which a customer mandate can be revoked. (10 marks)

b. With regard to account operations, what is set-off? (4 marks)

c. Mention any three instances where set-off is automatic. (6 marks)

(Total: 20 marks)

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: account operations, automatic set-off, Customer mandate revocation, Set-off
Level: Level 1

Topic: MANDATES
Series: APR 2023

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EOB – APR 2023 – L1 – Q8 – Revocation of Customer Mandate, Set-Off Definition and Instances

Five instances of mandate revocation; define set-off; three automatic set-off instances.

EOB – APR 2023 – L1 – Q8 – Revocation of Customer Mandate, Set-Off Definition and Instances

Five instances of mandate revocation; define set-off; three automatic set-off instances.

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EOB – APR 2023 – L1 – Q8 – Revocation of Customer Mandate, Set-Off Definition and Instances

Five instances of mandate revocation; define set-off; three automatic set-off instances.

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EOB – APR 2023 – L1 – Q8 – Revocation of Customer Mandate, Set-Off Definition and Instances

Five instances of mandate revocation; define set-off; three automatic set-off instances.

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