Exchange summary fax is a statement of obligations accrued during the course of the day by a financial institution participating in the payments system against:
A)businesses and households holding deposit accounts in that institution.
B)the RBA.
C)other institutions participating in the payments system.
D)the national collator.

Question

Quizplus · Accepted Answer

An exchange summary fax details the obligations a financial institution has with other institutions in the payments system, summarizing the net positions resulting from transactions processed throughout the day.

Exchange Summary Fax Is a Statement of Obligations Accrued During