ACI Dealing Certificate (#121)

Which of the following statements about “standard settlement instructions” (SSI) is correct?

The Head of Operations has the sole responsibility of ensuring the correctness and validity of the SSI set up.
SSIs should be stored and maintained in the bank’s general static data system.
Each institution should have a separate SSI team to prevent I minimise the potential risk of fraud.
SSI staff should be fully integrated within Operations to insure consistent and reliable settlement guidelines.