10/7/24, 12:04 PM CSC CANADIAN SECURITIES COURSE EXAM NEWEST 2024- 2025 ACTUAL EXAM COMPLETE 321 QUESTIONS AND COR…
CSC CANADIAN SECURITIES COURSE EXAM
NEWEST 2024- 2025 ACTUAL EXAM COMPLETE
321 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
Terms in this set (321)
An investment dealer operates as an agent when it
acts on behalf of a buyer or a seller of a security and
Agent
does not itself own title to the securities at any time
during the transactions.
An investment dealer or a duly registered individual
that is registered to trade in securities in the capacity
Broker
of an agent or principal and is a member of a self-
regulatory organization.
CDS provides customers with physical and electronic
facilities to deposit and withdraw depository-eligible
securities and manage their related ledger positions
CDS Clearing and
(securities accounts). CDS also provides electronic
Depository Services Inc.
clearing services both domestically and
internationally, allowing customers to report, confirm
and settle securities trade transactions.
The process of confirming and matching security
Clearing
trade details.
Shares in closed-end investment companies are
readily transferable in the open market and are
Closed-end fund
bought and sold like other shares. Capitalization is
fixed.
, 10/7/24, 12:04 PM CSC CANADIAN SECURITIES COURSE EXAM NEWEST 2024- 2025 ACTUAL EXAM COMPLETE 321 QUESTIONS AND COR…
Makes direct cash loans to consumers, who usually
Consumer finance are unable to secure a loan from a bank. Consumer
company finance companies typically charge a higher interest
rate than banks.
Brokerage house that buys and sells securities for
Discount broker clients at a greater commission discount than full-
service firms. Also known as self-directed brokers.
An institution such as a bank, life insurance company,
Financial intermediary credit union or mutual fund which receives cash,
which it invests, fro suppliers of capital
Financial technology companies that take advantage
Fintech of computer technology to provice more efficient
financial products and services.
Policies implemented to separate and isolate persons
within a firm who make investment decisions from
persons within a firm who are privy to undisclosed
Firewall material information which may influence those
decisions. For example, there should be separate fax
machines for research departments and sales
departments.
Investment dealer that serves institional clients
Institutional firm
exclusively
Investment dealer that offers products and serices
that cover all aspects of the industry, including full
Integrated firm
participation in both the institutional and the retail
markets
A person or company that engages in the business of
Investment dealer trading in securities in the capacity of an agent or
principal and is a member of IIROC
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