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    Question

    In the context of SWIFT, what does the 'Relationship

    Management Application' (RMA) specifically do? 
    A It calculates the exchange rate for the transaction. Correct Answer Incorrect Answer
    B It is a service-to-service filter that allows banks to control which institutions they accept messages from. Correct Answer Incorrect Answer
    C It is the hardware security module used to store private keys. Correct Answer Incorrect Answer
    D It converts the MT (Message Type) format to the new ISO 20022 format. Correct Answer Incorrect Answer
    E It tracks the real-time location of the funds during transit. Correct Answer Incorrect Answer

    Solution

    RMA is a security measure. It ensures that a bank only receives SWIFT messages from counterparties with whom it has a pre-established "business relationship," preventing unauthorized or fraudulent message attempts.

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