NAB Business Banking and Corporate Services 2

Question 1

Which NAB service is designed to help business clients consolidate funds from multiple subsidiary accounts into a single master account for more efficient cash management?

Accepted Answer

Notional pooling / cash concentration

Answer

NAB term deposit ladder

Answer

Corporate superannuation rollover

Answer

Trade finance syndication

Question 2

When a business applies for NAB equipment finance to purchase machinery, which structure allows the business to use the asset without owning it while claiming lease payments as a tax deduction?

Accepted Answer

Finance lease

Answer

Chattel mortgage

Answer

Business overdraft

Answer

Commercial bill

Question 3

A corporate treasury manager at a NAB client company wants to invest surplus cash for 90 days at a guaranteed rate. Which product is most suitable?

Accepted Answer

NAB Business Term Deposit

Answer

At-call savings account

Answer

NAB Corporate Mastercard

Answer

Trade finance facility

Question 4

Under NAB's business lending criteria, what does 'security' refer to in the context of a business loan application?

Accepted Answer

Assets pledged by the borrower as collateral to reduce the lender's risk

Answer

The applicant's cybersecurity policy

Answer

The loan's interest rate guarantee period

Answer

The business's insurance coverage

Question 5

Which document does NAB require to verify a business's legal structure and authority to operate when opening a corporate bank account?

Accepted Answer

Certificate of incorporation and constitutive documents

Answer

A personal passport only

Answer

A utility bill for the business address

Answer

An individual credit score report

Question 6

What is the primary function of a NAB Bank Guarantee issued on behalf of a business client?

Accepted Answer

To assure a third party that NAB will pay a specified amount if the client fails to meet a contractual obligation

Answer

To provide the business with an overdraft

Answer

To insure the business's property

Answer

To convert foreign currency at a fixed rate

Question 7

A medium-sized business wants to automate supplier payments using NAB's payment systems. Which NAB solution enables bulk electronic payment files to be submitted directly from the business's accounting software?

Accepted Answer

NAB Internet Banking for Business with ABA file upload

Answer

NAB ATM network

Answer

NAB Personal Internet Banking

Answer

NAB BPAY for consumers