1 | Page
AAP Questions and Correct Answers/
Latest Update / Already Graded
1974
Ans: The year NACHA was formed.
Bankers Bank
Ans: An institution owned by Depository Financial Institutions that typically
provides correspondent services, including check clearing & settlement
services to it's owners and other banks.
The number of characters in an Addenda Record
Ans: 94 characters with 80 characters of payment-related information
Addenda Record Indicator
Ans: Name of the field that indicates the existence of an Addenda
record
,2 | Page
Left Justified and space filled
Ans: Format required for alphanumeric and alphabetic fields
Format required for numeric fields
Ans: Right justified, unsigned and zero filled
Entry Hash
Ans: The summation of routing numbers contained in a batch
Message Authentication Code (MAC)
Ans: The algorithm that verifies the authenticity of an ACH file
Originator Status Code
Ans: The field that identifies a federal government or commercial entry
,3 | Page
Commercially reasonable security that complies with applicable
regulatory requirements
Ans: The level of encryption needed when transmitting banking
information over an Unsecured Electronic Network (UEN)
data segment
Ans: A set of logically related data elements in a defined sequence
within a transaction set
Unsecured Electronic Network (UEN)
Ans: A network, public or private,that is not located entirely within a
single, contiguous, physically facility and either transmits data 1) via
circuits not dedicated to communication between two end-points or 2)
via wireless technology
File control Record
, 4 | Page
Ans: The last record contained with an ACH file indicating termination of
the information within the file. Also summarizes the control totals within the
file, the number of blocks and the number of batches in the file.
File Header Record
Ans: The first record contained within an ACH file that defines the
physical characteristics (time and date) and identifies the immediate
origin and immediate destination of the file
Company/Batch Header Record
Ans: The record contained within an ACH file that identifies the Originator
of the ACH transaction, describes the purpose of the entry, contains the
routing number of the ODFI and identifies the SEC code of the entry
Company/Batch Control Record
AAP Questions and Correct Answers/
Latest Update / Already Graded
1974
Ans: The year NACHA was formed.
Bankers Bank
Ans: An institution owned by Depository Financial Institutions that typically
provides correspondent services, including check clearing & settlement
services to it's owners and other banks.
The number of characters in an Addenda Record
Ans: 94 characters with 80 characters of payment-related information
Addenda Record Indicator
Ans: Name of the field that indicates the existence of an Addenda
record
,2 | Page
Left Justified and space filled
Ans: Format required for alphanumeric and alphabetic fields
Format required for numeric fields
Ans: Right justified, unsigned and zero filled
Entry Hash
Ans: The summation of routing numbers contained in a batch
Message Authentication Code (MAC)
Ans: The algorithm that verifies the authenticity of an ACH file
Originator Status Code
Ans: The field that identifies a federal government or commercial entry
,3 | Page
Commercially reasonable security that complies with applicable
regulatory requirements
Ans: The level of encryption needed when transmitting banking
information over an Unsecured Electronic Network (UEN)
data segment
Ans: A set of logically related data elements in a defined sequence
within a transaction set
Unsecured Electronic Network (UEN)
Ans: A network, public or private,that is not located entirely within a
single, contiguous, physically facility and either transmits data 1) via
circuits not dedicated to communication between two end-points or 2)
via wireless technology
File control Record
, 4 | Page
Ans: The last record contained with an ACH file indicating termination of
the information within the file. Also summarizes the control totals within the
file, the number of blocks and the number of batches in the file.
File Header Record
Ans: The first record contained within an ACH file that defines the
physical characteristics (time and date) and identifies the immediate
origin and immediate destination of the file
Company/Batch Header Record
Ans: The record contained within an ACH file that identifies the Originator
of the ACH transaction, describes the purpose of the entry, contains the
routing number of the ODFI and identifies the SEC code of the entry
Company/Batch Control Record
