Related products

• 

  M1A (Set 2)

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  3 Jan 2025
  CMFAS M1A Exam Question:

  Which of the following statements regarding a Designated Market-Maker is FALSE?

  a) All trades done by a Designated Market-Maker in any Specified Securities must be routed through a CMS licence holder.

  b) A person must be registered with SGX-ST as a market-making representative to receive and execute orders on behalf of the Designated Market-Maker.

  c) A Designated Market-Maker must submit periodic returns as SGX-ST requires.

  d) A CMS licence holder must not execute a contract on SGX-ST unless it is qualified by a Clearing Member.

• 

  M3 (Set 1)

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  3 Jan 2025
  CMFAS M3 Exam Question:

  An individual who is engaged in central dealing for funds managed by related entities of a Licensed Fund Managed Company (LFMC) can be any of the following types of representatives except:

  a) appointed representatives

  b) external representatives

  c) provisional representatives

  d) temporary representatives

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  M6 (Set 2)

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  3 Jan 2025
  CMFAS M6 Exam Question:

  Which of the following statements regarding Convertible Bonds is FALSE?

  a) They have greater appreciation potential than corporate bonds.

  b) They are less vulnerable to losses if the issuer defaults compared to corporate bonds.

  c) Holders of convertible bonds have a lower priority to claim the issuing company’s assets than investors in corporate bonds.

  d) They typically offer lower yields than corporate bonds.

• 

  FMRP (Set 1)

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  3 Jan 2025
  FMRP Exam Question:

  Which of the following statements is FALSE regarding rollovers of foreign exchange transactions at off-market rates?

  a) Maturing forward contracts can be extended or rollover-ed.

  b) The current market spot rate should be used to liquidate the maturing contract and used as a base from which the new forward rate is derived.

  c) The use of off-market rates is strongly discouraged.

  d) Deals done at off-market rates may be used as a means to conceal profit or loss, or to perpetuate a fraud.