CREDIT ASSESSMENT TEST 2020

1. As a policy overlay max increment increase is now set at 40% of the existing credit limit of the card with ICL request.

• True

• False

2. Credit limit can be decreased provided it will not result to account going overlimit and it will not be less than the minimum credit limit set for that PT.

• True

• False

3. By policy, maximum temporary line increase duration is 12 months.

• True

• False

4. For ICL versus additional hold-out, max incremental limit assignment is 100% of the additional peso deposit amount.

• True

• False

5. ADA is a policy requirement for corporate card line applications.

• True

• False

6. SDN checking may be bypassed for selected Change of Name / DOB requests.

• True

• False

7. Card conversion requests can be processed even for accounts tagged as OSA.

• True

• False

8. A maximum of 1 supplementary card can be applied for every corporate cards issued.

• False

• True

9. ICL requests for MB employees require HR Head approval.

• False

• True

10. Enhanced due diligence should be done for ICL requests from accounts tagged as H1 – High Risk as identified by Compliance.

• False

• True