Internal Control Questionnaires and Verification Procedures

Confirmations

1. Does instructions (operations) monitor follow-up on non- receipt of incoming confirmations?

2. Do dealers who initiate due from bank time transactions never handle outgoing and incoming confirmations?

3. Does the bank check that there are no confirmation deals dated:

   1. Prior to the bank’s own due from bank time deposit deal dates?

   2. After the bank’s own due from bank time deposit deal dates?

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