AAP FINAL EVALUATION 2026 CORRECT
RESPONSE ANALYSIS RESOURCE PACK
◉ Bankers Bank. Answer: 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. Answer: 94
characters with 80 characters of payment-related information
◉ Addenda Record Indicator. Answer: Name of the field that
indicates the existence of an Addenda record
◉ Left Justified and space filled. Answer: Format required for
alphanumeric and alphabetic fields
◉ Format required for numeric fields. Answer: Right justified,
unsigned and zero filled
◉ Entry Hash. Answer: The summation of routing numbers
contained in a batch
,◉ Message Authentication Code (MAC). Answer: The algorithm that
verifies the authenticity of an ACH file
◉ Originator Status Code. Answer: The field that identifies a federal
government or commercial entry
◉ Commercially reasonable security that complies with applicable
regulatory requirements. Answer: The level of encryption needed
when transmitting banking information over an Unsecured
Electronic Network (UEN)
◉ data segment. Answer: A set of logically related data elements in a
defined sequence within a transaction set
◉ Unsecured Electronic Network (UEN). Answer: 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. Answer: 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. Answer: 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. Answer: 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. Answer: The record contained
within an ACH file that contains the detail and addenda record
counts, hash totals and the dollar totals for the preceding Entry
Detail Records within the batch
◉ Addenda Record. Answer: The record contained within an ACH
file that supplies additional payment-related information relating to
the preceding Entry Detail Record
◉ Entry Detail Record. Answer: The record contained within an ACH
file that identifies the Receiver (account number, name), amount of
the transaction and the Tran Code
◉ Trace Number. Answer: A 15 digit code uniquely identifying each
entry within a batch in an ACH file. The first eight digits constitute
the routing number (minus the check digit) of the ODFI
, ◉ Transaction Set. Answer: The standards defining the procedural
format and data content requirements for specified business
transactions ie purchase orders, invoices, shipping notices, etc
◉ Data Element. Answer: The basic unit of information in EDI
transaction sets containing a set of values that represents a single
piece of info such as single character codes, literal descriptions or
numeric values.
◉ Mandatory Field. Answer: A field that is necessary for ACH
processing ensuring the proper routing and/or posting of an ACH
entry. The omission of this field will cause an ACH Operator reject
◉ Required field. Answer: A field that will not cause and ACH entry
to reject at the ACH Operator, but may result in the return of the
entry by the RDFI
◉ Optional. Answer: The addenda requirement that applies to ACK,
ATX, CCD, PPD, CIE, CTX and WEB
◉ Mandatory. Answer: The addenda requirement that applies to IAT,
COR, Refused COR, DNE, ENR, POS, SHR, MTE, all Returns and TRX
RESPONSE ANALYSIS RESOURCE PACK
◉ Bankers Bank. Answer: 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. Answer: 94
characters with 80 characters of payment-related information
◉ Addenda Record Indicator. Answer: Name of the field that
indicates the existence of an Addenda record
◉ Left Justified and space filled. Answer: Format required for
alphanumeric and alphabetic fields
◉ Format required for numeric fields. Answer: Right justified,
unsigned and zero filled
◉ Entry Hash. Answer: The summation of routing numbers
contained in a batch
,◉ Message Authentication Code (MAC). Answer: The algorithm that
verifies the authenticity of an ACH file
◉ Originator Status Code. Answer: The field that identifies a federal
government or commercial entry
◉ Commercially reasonable security that complies with applicable
regulatory requirements. Answer: The level of encryption needed
when transmitting banking information over an Unsecured
Electronic Network (UEN)
◉ data segment. Answer: A set of logically related data elements in a
defined sequence within a transaction set
◉ Unsecured Electronic Network (UEN). Answer: 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. Answer: 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. Answer: 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. Answer: 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. Answer: The record contained
within an ACH file that contains the detail and addenda record
counts, hash totals and the dollar totals for the preceding Entry
Detail Records within the batch
◉ Addenda Record. Answer: The record contained within an ACH
file that supplies additional payment-related information relating to
the preceding Entry Detail Record
◉ Entry Detail Record. Answer: The record contained within an ACH
file that identifies the Receiver (account number, name), amount of
the transaction and the Tran Code
◉ Trace Number. Answer: A 15 digit code uniquely identifying each
entry within a batch in an ACH file. The first eight digits constitute
the routing number (minus the check digit) of the ODFI
, ◉ Transaction Set. Answer: The standards defining the procedural
format and data content requirements for specified business
transactions ie purchase orders, invoices, shipping notices, etc
◉ Data Element. Answer: The basic unit of information in EDI
transaction sets containing a set of values that represents a single
piece of info such as single character codes, literal descriptions or
numeric values.
◉ Mandatory Field. Answer: A field that is necessary for ACH
processing ensuring the proper routing and/or posting of an ACH
entry. The omission of this field will cause an ACH Operator reject
◉ Required field. Answer: A field that will not cause and ACH entry
to reject at the ACH Operator, but may result in the return of the
entry by the RDFI
◉ Optional. Answer: The addenda requirement that applies to ACK,
ATX, CCD, PPD, CIE, CTX and WEB
◉ Mandatory. Answer: The addenda requirement that applies to IAT,
COR, Refused COR, DNE, ENR, POS, SHR, MTE, all Returns and TRX
