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NEW QUESTION: 1
What is the standard for settlement of cross-border DVP systems?
A. T+3, meaning that settlement is due three days after the deal date
B. T+4, meaning that settlement is due four days after the deal date
C. T+2, meaning that settlement is due two days after the deal date
D. T+1, meaning that settlement is due one day after the deal date
Answer: A
NEW QUESTION: 2
A. Option B
B. Option C
C. Option D
D. Option A
Answer: D
NEW QUESTION: 3
Open-ended funds have
A. have unit capital which is fixed
B. Units for purchase and sell on a daily basis
C. A fixed maturity
D. a price that is at a discount to NAV
Answer: B
NEW QUESTION: 4
A group net order is one that benefits municipal syndicate members:
A. according to their percentage participation in the account
B. equally
C. according to the number of designated orders they've received
D. according to the number of presale orders they've received
Answer: A
Explanation:
according to their percentage participation in the account. For example, if the group net
order produces $3,000 in fees and a syndicate member has a 10% overall participation, that member
receives $300 in fees.
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