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    Question

    __________ include fees received for credit-related or

    lending related services like credit processing fees, late payment or default charges and early redemption charges.
    A Deposit Account Management Services (DAM) Correct Answer Incorrect Answer
    B Credit Related Services (CRS) Correct Answer Incorrect Answer
    C Financial Leasing Services (FLS) Correct Answer Incorrect Answer
    D Trade Finance Related Services (TFR) Correct Answer Incorrect Answer
    E Payment and Money Transmission Services (PMT) Correct Answer Incorrect Answer

    Solution

    Credit Related Services (CRS) include fees received for credit-related or lending related services like credit processing fees, late payment or default charges and early redemption charges. Charges for facility and management fees, fees for renegotiating debt terms, mortgage fees, etc. also to be reported here.

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