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  CMFAS M6A (Set 1)

  SGD 39.90 Add to cart

  9 Apr 2026

  CMFAS M6A Exam Question

  Which of the following statements is NOT true regarding foreign exchange swap agreements?

  a) It is a contract in which one party borrows one currency from one party and simultaneously lends another currency to another party.

  b) Each party uses the repayment obligation to its counterparty as collateral and the amount of repayment is fixed at the foreign exchange forward rate as determined by the contract.

  c) Foreign exchange swaps can eliminate foreign exchange rate risks.

  d) Foreign exchange swaps have counter-party risks.
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  CMFAS M3 (Set 1)

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  9 Apr 2026

  CMFAS M3 Exam Question

  An FMC conducting fund management activity should report which of the following as assets under the FMC’s non-discretionary management?

  a) The moneys contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.

  b) The moneys and equity contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.

  c) The moneys and debt contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.

  d) The moneys and assets contracted to the investment manager in respect of which the FMC has an agreement to provide the fund management services.
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  CMFAS M8 (Set 2)

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  9 Apr 2026

  CMFAS M8 Exam Question

  Which of the following is NOT true regarding banker’s acceptances?

  a) They are used to facilitate international commercial trade transactions.

  b) They represent a claim on the issuing bank.

  c) They have no maturity date.

  d) They are issued at a discount to face value.