CMA Securities & Investment case studies
CMA Securities & Investment · Put your knowledge to work in context.
The CMA Securities & Investment credential is a professional certification for people working in, or moving into, securities sales, trading, advisory and investment operations roles. It signals that a candidate understands how regulated markets function end to end: the rules firms and individuals must follow, the ethical standards expected of staff, how equity and fixed income instruments are priced and traded, how derivatives and structured products are used, and how portfolios are constructed and analysed. The CMA Securities & Investment case studies are 5 cases and about 2,928 words.
1Block Trade Allocation and Best Execution
You are a compliance officer at a Hong Kong-licensed securities firm. On Monday, an institutional client placed a limit order to buy 200,000 shares of a listed company at HKD 12.00 or better.
523 words, about 3 min2Personal Trade Ahead of Client Rebalance
You are the head of compliance at an asset-management firm. On 1 March, the investment committee approves increasing client portfolios' weighting in a small-cap industrial stock.
505 words, about 3 min3Rights Issue: Subscribe, Sell or Lapse
You are an investment adviser reviewing a client's rights entitlement. The client owns 12,000 shares of a Hong Kong-listed manufacturer.
618 words, about 3 min4Duration Switch in a Rising-Rate Environment
You are advising the investment committee of a Hong Kong pension scheme with an HKD 80 million fixed-income allocation. The portfolio is invested in a 7-year bullet bond with a 5.5% coupon, yield 4.1%, modified duration 6.8 and convexity 55.
611 words, about 3 min5Worst-of Autocallable Note for a Conservative Client
You are a compliance reviewer at a retail brokerage. A relationship manager has recommended a 5-year worst-of autocallable note to a 68-year-old retired client with HKD 3 million in liquid savings and an annual income need of HKD 120,000.
671 words, about 3 min