IAT Excersise Flashcards
A _______ means either an ACH operator or a participating DFI that acts as an entry point to an exit point from the US for pymts
Gateway
An ACH operator acting as a gateway will only accept Inbound IAT entries that are ________
Credits
A __________ is a gateway that acts as an entry point to or exit point from a foreign country
Operator or Participating DFI
A max of _____ addenda records may be transmitted with an IAT entry
12
When sending a ______ in relation to an IAT entry, the seven mandatory addenda records will not be needed to process the _____ and will not be included
NOC (COR)
The OFAC Screening Indicators in the IAT format are two optional, single character fields found in the _________
Entry Detail Record
The use of Return Reason Codes ________ are restricted to Gateway use only
R80-85
The Transaction Type Code is found in the ___________.
First IAT Addenda Record
The Country Code as approved by the International Organization for Standardization (ISO) is a ________-digit code.
Two
U.S. Military Bases and Embassies, regardless of their location, are considered under U.S. jurisdiction, so the transactions are considered ___________.
Domestic
A Gateway that discovers an OFAC hit in an IAT ________ must identify the Entry as suspect and forward it to the RDFI immediately.
Credit
The __________ may be used for ACH transactions to consumer or corporate accounts
IAT SEC Code
A DFI is excused from its compliance with specific obligation under only the ________ when the processing of an IAT Entry would cause the DFI to be in violation of U.S. law.
Nacha Rules
A ________ on the OFAC list means that the U.S. has blocked these Entries.
Blocked Party
An IAT Entry will be not processed as a Same Day ACH Entry if the Effective Entry Date is __________
stale or invalid
