Tip of The Week July 2023

1. 1. Which of the following is not a call security breach?

• A) Providing transfer details (amount transferred, receiving institution’s name)

  to current advisor

• B) Providing client’s SIN to current advisor

• C) Changing client’s email upon advisor’s request

• D) Unlocking advisor’s AOL upon assistant’s request

2. Apart from MV, which of these alternative questions can we ask an Assante advisor?

• A) Client’s banking info on file

• B) Client’s active systematic plan information

• C) Funds held within client’s account

• D) Dealership’s cross reference number 

3. 3. Which of these scenarios does not call for an E-mail security/legal disclaimer?

• A) BOR sent to advisor

• B) Email with a blank CI account application form

• C) Email confirming that a PAC was stopped on an account.

• D) B and C

4. 4. We can inform the third-party receiving institution that MAP

5. was paid out.

• A) True

• B) False

5. 5. An FSR can provide a copy of the transfer form to the receiving institution after receiving the following: Select all that apply.

• A) Account number

• B) Dealership name

• C) Cheque number

• D) Issue date

• E) Amount of cheque/A$M transfer

6. What is the expected deposit date for an EFT from CI to Credit Unions

• A) 2-3 business days after the posting date

• B) 1 business day after the

  posting date

• C) 5-10 business days after

  the posting date

• D) 2-5 business days after

  the posting date

7. 7. For adjustments the offset date is the ​ ​ ​ (a)   while the trade date is the ​ ​ (b)  

• date transaction should have been processed
• previous business date
• current business day
• following business day
• date transaction should have posted

8. When providing redemption fees/deductions which of the following should we offer?

• A) DSC as of last MV  

• B) WHT for withdrawals

  above LIF Minimum

• C) A & B only

• D) Redemption fees

9. 9. Upon advisor’s/client’s request, we can move pre-existing

10. banking from one account to another in the following scenarios

11. except?

• A) For account level banking

• B) For Sun Life accounts

• C) For client held accounts

• D) When account owner is the

  same as client on file

10. 10. Part of the two streams of evaluation?