Acronyms | Marketing & Campaigns | Division of Labour | Know Your Products | Cash & Audit Procedures |
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What is Discretionary Pricing?
DP
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What is 2.78%?
This is the 5-year fixed mortgage rate offered in the current campaign for new mortgages
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What is Deposit Operations?
This department handles incoming and outgoing T2033s
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What is 2009
This is the year TFSA started
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What is Quarterly or whenever someone leaves the branch?
This is how often we do a security signal change
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What is Large Currency (Cash) Transaction Report?
LCTR
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What is Prime + 0.4% (3.25%)?
This is the Secured Line of Credit rate offered in the current campaign for new secured line of credits
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What is Records Information Management?
This department provides statement reprints
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What is 65%
Max Loan to Value on a HELOC with a bank
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What is $2000?
This is the maximum cash limit we should have in our cash drawer
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What is Funds Under Management?
FUM
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What is monthly?
This is the freqency of member appreciation days
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What is Clearing Operations?
This department deals with incoming and outgoing wires
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What is mortgage, line of credit and loan?
Name 3 products we can hold under a MOM
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What is $150?
This is the amount of bait money we have in our cash drawer
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What is Products Per New Member?
PPNM
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What is July 19th?
This is the date the bus shelter program would end
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What is Credit Operations?
This department deals Property Tax Administration
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What is the 3 month interest penalty and the interest rate differential?
Name the two types of penalties that may be charged if a fixed rate mortgage is cancelled before the maturity date
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What is 5 business days?
New accounts must be received by compliance department within this many days
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What is Community Banking Partnership Program?
CBPP
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What is Spring/Summer 2015 Lending Campaign
This campaign is currently running until August 30th
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What is Deposit Operations?
This department deals with year end tax reporting
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What is 0.1% discount on 5-year mortgages, 0.1% bonus on term deposits over a year and the $50/$50?
Name two special discounts/benefits being offered to the CBPP program
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What is FINTRAC
LCTR is being submitted to this government agency
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