CSC Chapter 1 - Canadian Securities Industry Questions with correct Answers
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Module
CSC - Cyber Secure Coder
Institution
CSC - Cyber Secure Coder
CSC Chapter 1 - Canadian Securities Industry Questions with correct Answers
Agent
When a broker acts as a _________, it acts for or on behalf of a buyer or a seller, but does not itself own title to the securities at any time during the transaction
Capital Markets
Markets that trade debt ...
CSC Chapter 1 - Canadian Securities
Industry Questions with correct Answers
Agent - answer When a broker acts as a _________, it acts for or on behalf of a
buyer or a seller, but does not itself own title to the securities at any time during the
transaction
Capital Markets - answer Markets that trade debt (bonds) and equity (stock)
instruments with maturities of more than one year
Self-regulatory organizations - answer Responsible for setting the rules that govern
many aspects of investment dealers' operations, including sales, finance, and trading.
Investment dealers - answer Act as intermediaries by matching investors with the
users of capital. Each side of a transaction has its own dealer who matches the trades
through the markets
Clearing - answer The process of confirming and matching security trade details
Settlement - answer The irrevocable moment when cash and securities are
exchanged.
Financial Intermediary - answer Describes any organization that facilitates the
trading or movement of financial instruments that transfer capital between suppliers and
users of capital
Retail Firms - answer Include full-service investment dealers and self-directed
brokers (also known as discount brokers)
Institutional Firms - answer Investment dealers that serve exclusively institutional
clients, organizations that trade large volumes of securities. Institutional clients include
pension funds and mutual funds
Integrated Firms - answer Offer products and services across the industry and
participate fully in both the retail and institutional markets
Underwriting - answer An arrangement under which an investment banker agrees to
purchase all shares of a public offering at an agreed-upon price. To assume the risk of
something
Market Makers - answer Securities dealers that make a commitment to continuously
offer to buy and sell the stock of a specific corporation listed on the NASDAQ exchange
or traded in the OTC market
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