Cash At The Heart Of Corporates - Grand Quiz
Answer all the questions from our CMC Month Video series correctly and stand a chance to win a 32GB WIFI iPad (3rd Generation)!
Please note that duplicate submissions are not allowed. Any duplicate submissions will be disqualified from the quiz.
Good luck!
Questions and Answers
- 1.
What type of Corporate requires Cash Management services?
- A.
MNCs only
- B.
Local Companies only
- C.
All types of companies
Correct Answer
C. All types of companiesExplanation
Cash management services are required by all types of companies, not just MNCs or local companies. Cash management involves managing the cash flow, liquidity, and financial transactions of a company. It includes tasks such as cash forecasting, cash pooling, cash concentration, and managing working capital. All companies, regardless of their size or location, need to effectively manage their cash to ensure smooth operations and financial stability. Therefore, cash management services are essential for all types of companies.Rate this question:
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- 2.
What are the merits of our Cash Management solutions in China?
- A.
Efficiency and Automation
- B.
Ability to speak Mandarin
- C.
Our new DB office in Shanghai
Correct Answer
A. Efficiency and AutomationExplanation
The correct answer is Efficiency and Automation. This is because the question is asking about the merits of the Cash Management solutions in China, and Efficiency and Automation are two key benefits of these solutions. By using our Cash Management solutions, businesses in China can streamline their financial processes, reduce manual tasks, and improve overall efficiency. Automation allows for faster and more accurate transactions, while also reducing the risk of errors. This ultimately helps businesses to optimize their cash flow and improve their financial management in China.Rate this question:
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- 3.
Hong Kong CMC just won the deal of the month for March because of a significant FX4Cash deal. Which deal is it?
- A.
Steven Yu Inc
- B.
Music Group
- C.
ABC Pte Ltd
Correct Answer
B. Music GroupExplanation
Hong Kong CMC won the deal of the month for March due to a significant FX4Cash deal with Music Group. This implies that Music Group was involved in a substantial foreign exchange transaction with Hong Kong CMC, which likely contributed to their success in securing the deal of the month award.Rate this question:
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- 4.
What is the number of locations where DB has extensive local infrastucture across India?
- A.
500+
- B.
700+
- C.
1,000+
Correct Answer
B. 700+Explanation
The correct answer is 700+. This means that DB has more than 700 locations with extensive local infrastructure across India. This suggests that DB has a wide network and presence in various areas of the country, which allows them to provide comprehensive services and support to their customers.Rate this question:
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- 5.
Why are partner bank relationships important in Cash Management, especially for countries like Indonesia?
- A.
To expand the banking coverage / network in providing Cash Management services to customers
- B.
To get better pricing
- C.
To have better relationships with local banks
Correct Answer
A. To expand the banking coverage / network in providing Cash Management services to customersExplanation
Partner bank relationships are important in Cash Management, especially for countries like Indonesia, because they allow for the expansion of banking coverage and network in providing Cash Management services to customers. This is crucial in a country like Indonesia where the banking infrastructure may not be as developed or widespread compared to other countries. By partnering with local banks, Cash Management services can be extended to a larger customer base, ensuring more efficient and effective financial management for businesses and individuals.Rate this question:
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- 6.
What is/are the key driver(s) to win the Cash Management business of Japanese clients?
- A.
Speaking Japanese and strong business relationships
- B.
Bank's Global Ranking
- C.
Bank's Local Ranking
Correct Answer
A. Speaking Japanese and strong business relationshipsExplanation
The key drivers to win the Cash Management business of Japanese clients are speaking Japanese and having strong business relationships. This is because being able to communicate in Japanese allows for better understanding and communication with Japanese clients, while strong business relationships build trust and loyalty, increasing the likelihood of winning their business. The bank's global and local rankings may be important factors to consider, but they are not specifically mentioned as key drivers in this context.Rate this question:
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- 7.
What is the name of the solution that helps customers reduce accounts held at local banks for hard cash collection in DB Korea?
- A.
Nostro Collect
- B.
Db-direct internet
- C.
Liquidity Management
Correct Answer
A. Nostro CollectExplanation
Nostro Collect is the name of the solution that helps customers reduce accounts held at local banks for hard cash collection in DB Korea.Rate this question:
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- 8.
Bank Negara Malaysia (Central Bank) restricts the provision of interest bearing current accounts for corporates by banks in Malaysia. What is the solution that DB Malaysia offers to some of our premium clients with large idle balances to automate their interest yield?
- A.
Overnight Investment Sweep (OIS)
- B.
Netting
- C.
Notional Pooling
Correct Answer
A. Overnight Investment Sweep (OIS)Explanation
DB Malaysia offers the solution of Overnight Investment Sweep (OIS) to some of their premium clients with large idle balances to automate their interest yield. OIS allows the clients to automatically transfer their idle balances into overnight investments, thereby maximizing the interest earned on those balances. This solution helps the clients to optimize their funds and generate additional income without violating the restrictions imposed by Bank Negara Malaysia on interest bearing current accounts for corporates.Rate this question:
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- 9.
How many times has the revenue of CMC Pakistan grown by from 2006 to 2011?
- A.
5
- B.
8
- C.
10
Correct Answer
C. 10Explanation
The revenue of CMC Pakistan has grown by 10 times from 2006 to 2011.Rate this question:
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- 10.
What is the most common payment method used by corporates in the Philippines?
- A.
SWIFT TT
- B.
Electonic ACH
- C.
Checks
Correct Answer
C. ChecksExplanation
Checks are the most common payment method used by corporates in the Philippines. This is because checks provide a reliable and secure way of making payments, especially for larger transactions. They also offer a paper trail and can be easily tracked and audited. Additionally, checks are widely accepted by banks and businesses in the Philippines, making them a preferred payment method for corporates in the country.Rate this question:
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- 11.
In the current climate, what is the main revenue driver for the CMC business in Singapore?
- A.
Interest Income
- B.
Fee Income
- C.
Implementation and Service Fees
Correct Answer
B. Fee IncomeExplanation
Fee income is the main revenue driver for the CMC business in Singapore because it refers to the income generated from fees charged for various services provided by the company. This can include fees for advisory services, transaction fees, management fees, and other service-related charges. Interest income, on the other hand, refers to the income generated from interest on loans or investments, which may not be the primary source of revenue for a CMC business. Implementation and service fees are also important sources of revenue, but fee income encompasses a wider range of services and is therefore considered the main revenue driver.Rate this question:
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- 12.
What is the value of non-credit related sales pipeline that DB Sri Lanka is working on?
- A.
Eur 200,000
- B.
Eur 400,000
- C.
Eur 600,000
Correct Answer
B. Eur 400,000Explanation
The value of non-credit related sales pipeline that DB Sri Lanka is working on is EUR 400,000.Rate this question:
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- 13.
Under the current domestic banking environment in Taiwan, how can the Taiwan CMC team greater contribute to the overall DB Franchise value? Please select a key agenda/CMC initiative targeted towards LLC clients that will contribute most to the overall franchise value.
- A.
Maintenance of current LLC business
- B.
Global means Global
- C.
Diversification
Correct Answer
B. Global means GlobalExplanation
The correct answer is "Global means Global". This initiative focuses on expanding the business globally, which can significantly contribute to the overall franchise value. By reaching out to international markets and expanding their customer base beyond Taiwan, the Taiwan CMC team can tap into new opportunities and increase their revenue streams. This initiative aligns with the current banking environment, where globalization is becoming increasingly important. By adopting a global mindset and expanding their presence in international markets, the Taiwan CMC team can enhance the overall franchise value.Rate this question:
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- 14.
How many banking awards were awarded to DB Thailand for the IATA deal that was mandated to DB Thailand in 2011?
- A.
0
- B.
1
- C.
2
Correct Answer
C. 2Explanation
DB Thailand was awarded two banking awards for the IATA deal that was mandated to them in 2011.Rate this question:
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- 15.
What is our market-leading Collections solution in Vietnam?
- A.
FastCollect
- B.
ExpressCollect
- C.
PayerID
Correct Answer
B. ExpressCollectExplanation
ExpressCollect is our market-leading Collections solution in Vietnam.Rate this question:
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