RES 4 (Set 1)
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4 Feb 2026
CMFAS RES 4 Mock Question:
If a trust structure is used for a bond issuance, which of the following entities will make interest payments to bondholders?
a) Fiscal agent
b) Trustee
c) Principal paying agent
d) Lead Manager
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RES 4 (Set 2)
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4 Feb 2026
CMFAS RES 4 Mock Question:Which of the following statements regarding plain vanilla bonds offered under the Seasoning Framework is false?
a) Its interest payments cannot be deferred.
b) It must have a fixed interest rate.
c) It must have a fixed term.
d) It must repay the principal at the end of the term.
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BCP Set A
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4 Feb 2026
BCP Mock Question:Which of the following statements about ‘common law’ is NOT TRUE?
a) It is sometimes called ‘unwritten law’.
b) It consists of generally accepted rules and requirements that a civilized society will consider automatic.
c) It can be modified or abolished by statute law.
d) It cannot be modified by the mutual agreement of parties to a contract.
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M1A (Set 2)
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4 Feb 2026
CMFAS M1A Mock 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.
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BCP Set B
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4 Feb 2026
BCP Mock Question:Which of the following statements regarding insurable interest is incorrect?
a) There must be some property, rights, interest or potential liability capable of being insured.
b) The property, rights, interest or potential liability must be the subject matter of the insurance.
c) The insured must not stand in a relationship, recognized by law, with the subject matter of the insurance.
d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.
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M6 (Set 2)
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4 Feb 2026
CMFAS M6 Mock 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.
