FMRP Set 3
SGD 29.90
2 July 2020
FMRP Exam Question
When there is a dispute with a counterparty that results in an open risk position on the trade executed, which of the following actions should be done first?
a) The open position should be closed out.
b) The open position should be adjusted according to the newly agreed terms.
c) MAS should be informed immediately.
d) The dispute should be resolved immediately between both parties.
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M1B Set 2
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CMFAS M1B Exam Question
Which of the following goods and services qualify as acceptable soft dollar receipts?
a) Premises expenses
b) Employees' salaries.
c) Direct money payment.
d) Referral fees under a referral agreement.
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M1A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M1A Exam Question
A contract made on SGX-ST can be cancelled only if:
a) delivery fails
b) payment is not made on delivery
c) the share registrar refuses to register a transfer
d) the CMS licence holders to an error trade have agreed to the cancellation
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FMRP Set 2
SGD 29.90 Add to cart2 July 2020
FMRP Exam Question
Any third-party rendering support for revaluation of a transaction is expected to assume specific responsibility.
a) True.
b) Not true.
c) Not true unless these services are contractually governed.
d) Not true if inter alia is practiced.
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M1A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M1A Exam Question
The expense ratio refers to the ongoing costs of operating a fund by fund managers expressed as a percentage of the fund's:
a) average net assets
b) total net assets
c) average return on investment
d) total return on investment
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M1B Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M1B Exam Question
A Representative must not directly or indirectly deal in securities which involve no change of beneficial ownership. The Representative’s only defence is if he or she can show that they had no reason to suspect that the transaction was a:
a) swap sale
b) wash sale
c) trade sale
d) time sale
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M8A Set 2
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CMFAS M8A Exam Question
Which of the following is NOT an early termination feature in a structured product?
a) Callable option.
b) Kick-in option.
c) Knock-out option.
d) Default option.
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SCI BCP Set 2
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BCP Exam Question
Which of the following are “Proportional” types of Reinsurance?
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d) Excess of Loss Ratio Treaty.
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M6A Set 1
SGD 29.90 Add to cart2 July 2020
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.
