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Question 1:
(a) Briefly explain the Electronic Data Interchange (EDI), and list the benefits of EDI.
(b) List and describe the main components of MACSS.
(c) Explain briefly how the S.W.I.F.T FIN Y-Copy works and outline the three main roles of the MACSS control system.
(d) List down the three non-value functions (RTGS) related enquiries that are supported by MACSS participants interface (Web Server).
Question 2:
(a) Define e_check.and list two benefits of e_check.
(b) Using Authorise.net portal as an example, describe the steps how e_check works.
(c) What Is Online Futures Trading? What are the advantages and disadvantages of online future trading?
(d) Explain the E_Cash concept, its advantages and disadvantages.
(e) In managing the strategic risk associated with e-banking services, financial institutions should develop clearly defined e-banking objectives by which the institution can evaluate the success of its e-banking strategy. What are the e-banking objectives that should be taken into consideration?
Explain Exchange Rate Risk Exchange-rate risk denotes to the risk the swap bank faces from fluctuating exchange rates throughout the time it takes the bank to lay off a swap it
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