Type 1 Securities Sales Representative Examination case studies
Type 1 Securities Sales Representative Examination · Put your knowledge to work in context.
The Type 1 Securities Sales Representative Examination is the qualifying credential for individuals who deal in securities - advising clients on, selling, and executing transactions in equities, bonds, funds and structured products. It is typically taken by new joiners at brokerages, banks and asset managers, and by staff moving from support or operations roles into a client-facing dealing function. The Type 1 Securities Sales Representative Examination case studies are 5 cases and about 4,362 words.
1The professional investor who cannot afford to lose capital
Madam Cheung, 68, retired, has an investable portfolio of HK 9.3 million: HK 4.1 million in a 12-month HKD time deposit, HK 3.4 million in blue-chip shares and an SFC-authorised bond fund, and HK 1.8 million in RMB deposits. She also owns, mortgage-free, a Ho Man Tin flat worth about HK 11 million and receives HK 18,000 monthly rent on top of a pension.
908 words, about 5 min2The CFO's call before the profit warning
On Tuesday at 10:15 the chief financial officer of a HK 22 billion retailer - a long-standing investment banking client - calls Ben, an institutional salesperson, to discuss a possible share placement later in the year. Mid-conversation the CFO says: 'Between us, the board decided yesterday that interim profit will be down 35%.
850 words, about 4 min3Working the client order quietly
At 09:32 an institutional client, a Type 9 asset manager, places a limit order to buy 3,000,000 shares of a mid-cap listed in Hong Kong at HK 8.60, valid until 16:00. The stock last traded at HK 8.48 and average daily volume is 4.2 million shares.
836 words, about 4 min4The BVI shell funded from Vanuatu
Silverline Trading Ltd, incorporated in the BVI five weeks ago, applies to open a securities account. Its sole director and 100% shareholder is Mr A, 29, a Shenzhen resident who says he manages 'my family's money'.
864 words, about 4 min5Essentially a three-year bond - except it is perpetual
Wah Sun Holdings is a Hong Kong private company whose treasury portfolio is worth HK 120 million. Its investment policy permits only senior, rated bonds, a minimum rating of BBB-, no single issuer above 10% of the portfolio, and 'no perpetual securities'.
904 words, about 5 min