Question 1

The US regulator 'SEC stands for:

Options :

A : Securities Exchange Corporation

B : Securities Enterprise Conglomerate

C : Securities and Exchange Commission

D : Securities Endeavour Company

Answer: C

Question 2

'ISO' stands for:

Options :

A : Invention of Standards for Organisations

B : Intercontinental Symposium of Organisations

C : International Organisation for Standardisation

D : Intraterritorial Organisation of Securities

Answer: C

Question 3

DTC - the central securities depository for US equities is the abbreviation for:

Options :

A : Depository Trust Company

B : Depot Transaction

C : Deposit and Trade Conglomerate

D : Depot for Trades Corporation

Answer: A

Question 4

Thefollowing is an inaccurate statement:

Options :

A : Warrants have a variable exercise price

B : Warrants are exercisable by the warrant holder

C : Warrants will expire if not exercised by the expiry date

D : Warrants are detachable from the original security

Answer: A

Question 5

From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

Options :

A : Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

B : Simultaneously exchanging securities and cash with the counterparty

C : Delivering an asset to the counterparty following successful exchange of trade confirmations

D : Receiving the counterparty-s asset before instructing release of the contra asset

Answer: D