Compensation and Arbitration Rules Exercise

Question 1

Governs the settlement of claims between DFIs

Answer 1

Compensation

Question 2

Claim only processed if the amount of the damages claimed is $250 or more.

Answer 2

Arbitration

Question 3

$200 administration fee

Answer 3

Compensation

Question 4

In general, this should not exceed the benefit, but may include interest and penalties as a result of an overdraft.

Answer 4

Compensation

Question 5

Governs the settlement of disputes between DFIs.

Answer 5

Arbitration

Question 6

$250 application fee

Answer 6

Arbitration

Question 7

There are three classifications of disputes

Answer 7

Arbitration

Question 8

Claim shall be paid for an Entry if the loss suffered by the claimant is at least $200 per Entry.

Answer 8

Compensation

Question 9

Arbitration A Damages are limited to More than ______ and less than ______

Answer 9

$250, $10,000

Question 10

Arbitration B Damages are limited to More than ______ and less than ______

Answer 10

$10,000, $50,000

Question 11

Arbitration C Damages are limited to More than ______

Answer 11

$50,000

Question 12

The stipend for Arbitration A

Answer 12

$100

Question 13

The stipend for Arbitration B

Answer 13

1% of the arbitrator’s decision

Question 14

The stipend for Arbitration C

Answer 14

1.5% of the arbitrator’s decision

Question 15

Arbitration A has ________ Arbitrators

Answer 15

One

Question 16

Arbitration B has ________ Arbitrators

Answer 16

Three

Question 17

Arbitration C has ________ Arbitrators

Answer 17

Three