This training program will review criteria needed to evaluate Originators and perform proper due diligence and describe details on the different types of ACH risk - focus being on credit risk for purposes of setting exposure limits. It will also outline the rules and evaluation process for setting exposure limits for all Originators and overview FFIEC guidance regarding risk in the ACH network.
This webinar will offer attendees an understanding of the different business customers who are your Originators, Third Party Senders, the credit risk associated with ACH Origination, and the required exposure limits.
Why Should You Attend:
As an ODFI (Originating Depository Financial Institution), are you prepared to manage the credit risk in the ACH Network? Does your financial institution have effective exposure limits for each of your business customers who originate ACH entries as required by both the NACHA Operating Rules and the FFIEC guidance to cover that risk?This webinar will offer attendees an understanding of the different business customers who are your Originators, Third Party Senders, the credit risk associated with ACH Origination, and the required exposure limits.
Learning Objectives:
- Define Originators and Third Party Senders
- Review criteria needed to evaluate Originators and perform proper due diligence
- Describe details on the different types of ACH risk - focus being on credit risk for purposes of setting exposure limits
- Outline the rules and evaluation process for setting exposure limits for all Originators
- Overview of FFIEC guidance regarding risk in the ACH network
- Define account takeover and provide tips on how to detect and help prevent this from happening to your corporate customer
Areas Covered in the Webinar:
- Identifying the different business customers who are your originators
- Definition of third party senders - how to determine if you’re using one?
- Details on how credit risk is associated with ACH Origination
- Outline of the rules relating to required exposure limits
- List of the criteria needed to evaluate your Originators and set appropriate exposure limits
- Provide information on handling over-limit file activity
- Review of the required monitoring of Originators and details what to monitor
- Overview of how to detect account takeover and potentially help prevent this from happening
Who Will Benefit:
- Risk/compliance staff
- Operations personnel
- Treasury management
- Credit risk managers
- Loan officers
- Accredited ACH professionals
- ACH operations staff
- ACH auditors
- AAPs (Accredited ACH Professional)
Course Provider
Donna K Olheiser,
