
Excess Reporting
Authored by Meye Cohen
Other
Professional Development
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7 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What are the different excess classifications (select all that apply)?
True and Technical
Real and Technical
Technical and Non-Technical
Real and Unreal
True and Real
Answer explanation
The only two correct options are Technical and Non-Technical Excess
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If there is a non-technical excess under a customer's account, it is the frontline's responsibility to arrange clearance.
True
False
Answer explanation
True. The frontline will either need to contact the customer to deposit funds into the account or waive fees/interest (if the excess is caused by fees and interest).
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
I need to report the reason/cause of the excess in the report:
Only for Technical Excesses
No, the excess classification is sufficient
I will include a screenshot, the frontline can interpret.
Yes
Answer explanation
The reason for the excess is one of the required information in the excess report.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Excesses due to the FX Rate Mismatches are classified as
Technical
Mark to Market
Non-Technical
Answer explanation
The BRCF/Spot Rate mismatch between Orion and Razor are technical in nature. In the base currency, there is sufficient limit vs the exposure.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is required when there is an excess for an account within a limit arrangement?
Report it but there is no maintenance required as long as there is sufficient limit within the arrangement to cover the excess.
Report it and reallocate the limits to cover the excess. Send to QC for checking.
Report it then reallocate limits to cover the excess. No checking required by the QC
Seek frontline approval prior to reallocation of limit within the limit arrangement
Answer explanation
Reallocating limits within an arrangement does not required a CAD hence no frontline approval is required. It is also classified as straight through processing so no QC checking is required.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Action Log excess items that do not appear in the Razor Excess Report do NOT need to be included in the email to the frontline.
True
False
Answer explanation
All excesses that appear in the Action Log need to be verified and included in the email to FL even if they do not appear in the Razor Excess Report. The linkage between Orion and Razor will then need to be fixed.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is an exposure for a loan product that does not have a limit, what will it appear as in the Razor Excess Report
Time-banding
Unapproved Product
Forever
Answer explanation
This will be classified as a Non-Technical excess. Advise the frontline to contact the product partner that booked the exposure.
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