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In Sender's agreement-12 CFR 210.28 it is clearly mentioned that:
A.
Reserve Banks have the right to debit payment amounts from accounts of senders with the Reserve Bank
B.
Senders have the right to create overdrafts in their accounts at the Reserve Bank; any overdraft is due and payable, without demand, at the end of the funds transfer day, when the Reserve Bank deems itself to be insecure, or at the time the sender suspends payments or is closed, whichever is earlier
C.
Sender gives the Reserve Bank a security interest in all of sender's assets that are in the possession of the Reserve Bank to secure any obligations to the Reserve Bank, including an overdraft
D.
Senders have 25 calendar days after receiving notice of a payment order to notify a Reserve Bank of an erroneously executed or unauthorized payment order
The correct answer is C. Sender gives the Reserve Bank a security interest in all of sender's assets that are in the possession of the Reserve Bank to secure any obligations to the Reserve Bank, including an overdraft. This part of the Sender's agreement under 12 CFR 210.28 outlines the security interest provision, which serves as a collateral agreement between the sender and the Reserve Bank, ensuring that the Reserve Bank has a claim on the sender's assets in its possession in case of default on obligations such as overdrafts. This measure is designed to mitigate risk and secure the financial position of the Reserve Bank in its dealings with participants in the payment system.
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