ACT AwardICM Practice Questions - ACT Award in International Cash Management (AwardICM) Exam - ACT AwardICM Practice Questions - ACT Award in International Cash Management (AwardICM) Exam

Question 1

Which organizational structure centralises cash visibility, intercompany clearing, and bank relationship management while leaving day-to-day operational payments with local subsidiaries?

De-centralized treasury model Regional Treasury Centre (RTC) model Shared Services Centre (SSC) payment factory Fully outsourced treasury model

Correct Answer:

Regional Treasury Centre (RTC) model

Question 2

What is the primary function of an In-House Bank (IHB) within a multinational corporate group?

To issue public debt and commercial paper directly to retail investors To act as an internal financial intermediary providing accounts, loans, and netting services to group subsidiaries To replace commercial banks for clearing high-value domestic payments To provide retail banking services to employees across operating locations

Correct Answer:

To act as an internal financial intermediary providing accounts, loans, and netting services to group subsidiaries

Question 3

In corporate treasury, what is the main objective of establishing a Service Level Agreement (SLA) with a core cash management bank?

To guarantee maximum investment yields on overnight deposits To define operational performance standards, turnaround times, and remedies for bank service delivery To transfer all operational counterparty risk to the central bank To eliminate the need for annual Request for Proposals (RFPs)

Correct Answer:

To define operational performance standards, turnaround times, and remedies for bank service delivery

Question 4

Which electronic billing standard was developed specifically to allow corporates to audit electronic bank fee statements automatically across multiple international banking partners?

ISO 9001 quality audit standard TWIST BSB (Bank Services Billing) / ISO 20022 camt.086 SWIFT MT940 statement message EDIFACT ORDERS purchase order format

Correct Answer:

TWIST BSB (Bank Services Billing) / ISO 20022 camt.086

Question 5

Under a Payment Factory model, how does the Payments-on-Behalf-Of (POBO) structure operate?

Subsidiaries issue cheques from local bank accounts in local currencies The central treasury or payment factory executes vendor payments from a central bank account in the name of the central entity on behalf of operating units Suppliers directly debit the corporate headquarters account without subsidiary authorization Commercial banks execute all vendor payments automatically based on artificial intelligence without corporate instructions

Correct Answer:

The central treasury or payment factory executes vendor payments from a central bank account in the name of the central entity on behalf of operating units

Question 1

Exam overview

About this Exam

Prepare with the ACT AwardICM Practice Questions - ACT Award in International Cash Management (AwardICM) Exam practice quiz. This question bank includes 100 questions covering cash, bank, corporate, account, and treasury. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

ACT AwardICM Practice Questions - ACT Award in International Cash Management (AwardICM) Exam

This practice set contains 100 questions from the matching question bank and focuses on cash, bank, corporate, account, and treasury. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.

No fixed duration is currently configured for this quiz.

Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.

Yes. You can retake the practice test again as you continue studying during your available access period.

After your access is confirmed, you can continue into the complete practice exam from this quiz flow.

Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.

Keep studying

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

About this Exam

Additional Information

ACT AwardICM Practice Questions - ACT Award in International Cash Management (AwardICM) Exam

Frequently Asked Questions

Related Questions

Aquatic Pest Management & Aquatic Science Practice Exam

Aquatic Pest Management Practice Exam

Arby's Management Practice Exam Prep

Arizona Property Management Practice Exam

A1 Field Crops Pest Management Practice Exam

Certified Specialist Physician Practice Management (CSPPM) Practice Exam