ARC drafts or credits the agent's account how many days after the Period Ending Date?

ARC drafts or credits the agent's account how many days after the Period Ending Date?

• A. One day after the PED
• B. Five (5) days after the PED
• C. Ten days after the PED
• D. Seven days after the PED

Answer: (B)

The main idea here is the timing of ARC’s settlement after the Period Ending Date. ARC processes drafts or credits to the agent’s account on a five-business-day cycle following the PED. This window gives ARC time to post all transactions from the PED period, perform reconciliation, and handle any adjustments before funds appear in the agent’s account. Because it’s counted in business days, weekends and holidays don’t count, so the actual calendar date may shift, but the settlement happens five business days after the PED. The other options are outside this standard processing window, so they don’t fit ARC’s typical timeline.

The main idea here is the timing of ARC’s settlement after the Period Ending Date. ARC processes drafts or credits to the agent’s account on a five-business-day cycle following the PED. This window gives ARC time to post all transactions from the PED period, perform reconciliation, and handle any adjustments before funds appear in the agent’s account. Because it’s counted in business days, weekends and holidays don’t count, so the actual calendar date may shift, but the settlement happens five business days after the PED. The other options are outside this standard processing window, so they don’t fit ARC’s typical timeline.