AFP Certified Treasury Professional CTP Question # 409 Topic 18 Discussion

AFP Certified Treasury Professional CTP Question # 409 Topic 18 Discussion

CTP Exam Topic 18 Question 409 Discussion:
Question #: 409
Topic #: 18

Consider a firm issuing quarterly dividends to consumers. When the ACH file is generated to the consumer accounts, which SEC code is MOST appropriate to utilize within the payment file?


A.

CCD


B.

CTX


C.

PPD


D.

TEL


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