100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
RSK4803 Assignment 3 (Detailed Answers) Due 7 October 2024 R54,62
Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa
  4.  
  5. Risk Financing

Exam (elaborations)

RSK4803 Assignment 3 (Detailed Answers) Due 7 October 2024
 11 views  0 purchase

The Financial Advisory and Intermediary Act places a lot of importance on the Compliance Officer position within the structures of a Financial Services Provider (FSP). According to the Act, a Compliance Officer must be “fit and proper”. Discuss the Five fit and proper requirements under t...

[Show more]

Preview 2 out of 9  pages

Document information

  • October 1, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • rsk4803 assignment 3 due 7 october 2024

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (46)

Written for

All documents for this subject (22)

Seller

avatar-seller
GeniusGears

Reviews received

Content preview

RSK4803

Assignment 3

DUE 7 October 2024

, Question 1


1.1 Choose the correct view about the responsibility of risk management.
Answer:
a. The chief executive officer held that the responsibility of risk management would be to
assess, control and finance critical risks facing the organisation and report the outcomes
to the board.
𝟏. 𝟐 𝑪𝒂𝒍𝒄𝒖𝒍𝒂𝒕𝒆 𝒕𝒉𝒆 𝒕𝒐𝒕𝒂𝒍 𝒍𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔 𝒇𝒐𝒓 𝟐𝟎𝟏𝟐.
𝑇𝑜 𝑓𝑖𝑛𝑑 𝑡ℎ𝑒 𝑡𝑜𝑡𝑎𝑙 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 𝑓𝑜𝑟 2012, 𝑤𝑒 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑒 𝑖𝑡 𝑏𝑎𝑠𝑒𝑑 𝑜𝑛 𝑡ℎ𝑒 2006 𝑣𝑎𝑙𝑢𝑒:
• 𝑇𝑜𝑡𝑎𝑙 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 𝑖𝑛 2006 = 𝑅77,000 𝑚𝑖𝑙𝑙𝑖𝑜𝑛
• 50% 𝑖𝑛𝑐𝑟𝑒𝑎𝑠𝑒 𝑖𝑛 2012 = 0.5 ∗ 𝑅77,000 𝑚𝑖𝑙𝑙𝑖𝑜𝑛 = 𝑅38,500 𝑚𝑖𝑙𝑙𝑖𝑜𝑛
• 𝑇𝑜𝑡𝑎𝑙 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 𝑓𝑜𝑟 2012 = 𝑅77,000 𝑚𝑖𝑙𝑙𝑖𝑜𝑛 + 𝑅38,500 𝑚𝑖𝑙𝑙𝑖𝑜𝑛 =
𝑅115,500 𝑚𝑖𝑙𝑙𝑖𝑜𝑛.
𝑨𝒏𝒔𝒘𝒆𝒓: 𝑎. 𝑅115,500 𝑚𝑖𝑙𝑙𝑖𝑜𝑛


1.3 Which of the following is not an example of unreimbursed losses?
Answer:
c. Losses resulting from risks with available insurance cover.
1.4 Calculate the percentage of passengers not affected by cancellations or
delays.
• 𝑇𝑜𝑡𝑎𝑙 𝑝𝑎𝑠𝑠𝑒𝑛𝑔𝑒𝑟𝑠 = 300,000
• 𝐶𝑎𝑛𝑐𝑒𝑙𝑙𝑎𝑡𝑖𝑜𝑛𝑠 = 191,000
• 𝐷𝑒𝑙𝑎𝑦𝑠 = 78,000
• 𝑇𝑜𝑡𝑎𝑙 𝑎𝑓𝑓𝑒𝑐𝑡𝑒𝑑 (𝑐𝑎𝑛𝑐𝑒𝑙𝑙𝑎𝑡𝑖𝑜𝑛𝑠 + 𝑑𝑒𝑙𝑎𝑦𝑠) = 191,000 + 78,000 = 269,000
• 𝑃𝑎𝑠𝑠𝑒𝑛𝑔𝑒𝑟𝑠 𝑛𝑜𝑡 𝑎𝑓𝑓𝑒𝑐𝑡𝑒𝑑 = 300,000 − 269,000 = 31,000
• 𝑃𝑒𝑟𝑐𝑒𝑛𝑡𝑎𝑔𝑒 𝑜𝑓 𝑝𝑎𝑠𝑠𝑒𝑛𝑔𝑒𝑟𝑠 𝑛𝑜𝑡 𝑎𝑓𝑓𝑒𝑐𝑡𝑒𝑑 = (31,,000) ∗ 100 = 10.33% ≈
10%.
𝑨𝒏𝒔𝒘𝒆𝒓:
𝑎. 10%

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller GeniusGears. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R54,62. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50843 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R54,62
  • (0)
Add to cart
Added