EXAM: Branch Administrative Dept Immersion (September 18, 2023)

 

1.  WHO IS RESPONSIBLE IN HOLDING THE ACCOUNT/S IN FC SYSTEM? 

• A.  BRANCH OFFICERS

•               B.  BOD OFFICERS

• C.  BAD OFFICERS

2.  IF THE PARTY IN THE NOG HAS AN ACCOUNT, WHAT WILL YOU DO WITH THE RECEIVED DOCUMENT?

• A.  SEND THE HARDCOPY TO LEGAL

• B.  SEND THE HARDCOPY TO BAD

• C.  DO NOT SEND THE NOG SINCE IT WILL BE FOR BRANCH FILE

• D.  SEND ONLY THE SOFT COPY TO LEGAL

• E.  SEND ONLY THE SOFT COPY TO BAD

3.  REPLY LETTER TO NOG WITH NO ACCOUNT IS THE RESPONSIBILITY OF:

• A.  BRANCH

• B.  LEGAL DEPARTMENT 

• C.  BOD

• D.  BAD

4.  WHAT IS THE T.A.T. FOR FILING RUSH ON THE RECEIVED NOG?

• A.  NO TAT

• B.  WITHIN THE DAY

• C.  1 HOUR FROM THE TIME NOG WAS RECEIVED

• D.  ASAP / THE SOONEST POSSIBLE TIME

5.   WHO IS RESPONSIBLE ON FILING NOG THRU RUSH?

• A.  CSA TELLER/NAC

• B.  BRANCH HEAD

• C.  BSCO

• D.  ALL OF THE ABOVE

6.  WHOSE ACCOUNT ARE WE CHECKING?

• A.  PLAINTIFF

• B.  RESPONDENT

• C.  COMPLAINANT

• D.  DEFENDANT

• E.  B AND D

7.  LIFTING ORDER CAN BE PROCESSED AS LONG AS THE BANK CLIENT PROVIDES A COPY OF THE LIFTING ORDER.

• A.  YES

• B.  NO

• C.  EITHER YES OR NO

8.  MR. AND MRS. SOCO HAS A JOINT "OR" ACCOUNT WITH 100K BALANCE.  NOG WAS RECEIVED FOR MRS. SOCO AMOUNTING TO 100K THUS, WE HOLD THE JOINT "OR" ACCOUNT.  AN ORDER OF RELEASE WAS NOW SERVED AND WE NEED TO PREPARE CORRESPONDING MC.  HOW MUCH AMOUNT ARE WE GOING TO PREPARE FOR MC ISSUANCE?

• A.  100K

• B.  75K

• C.  50K

• D.  DEPENDING IN THE AMOUNT AS PER ORDER

• E.   EITHER C or D

9. 9. Give at least 5 account types which are not subject to garnishment.

Answer explanation

Answer:  SSS, Prepaid, FCDU, SDB, Deposit account held as collateral

10. 10. Can the branch received a NOG not addressed to the branch? Yes or No?

Answer explanation

No, Addressee should be specific to branch.  It should be served to Head Office Legal Dept. instead.