Series 99 Practice Questions - Operations Professional Qualification Examination Exam

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A customer wants monthly cash distributions sent automatically to the same bank account without placing a new request each time. Which setup best addresses this?

Treat each payment as a new ad hoc third-party wire request Establish authenticated standing disbursement instructions to a same-name bank account and use them under firm procedures Allow the customer to email new bank instructions each month without verification Route the payments to the registered representative for forwarding

Correct Answer:

Establish authenticated standing disbursement instructions to a same-name bank account and use them under firm procedures

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