NZDX Adviser case studies
NZDX Adviser · Put your knowledge to work in context.
The NZDX Adviser credential is aimed at people who advise clients on New Zealand debt and derivative-style exchange-traded products and who need to show they understand both the instruments and the conduct rules around them. The exam is delivered in English as multiple choice and is built around six domains: financial markets and products; regulatory framework and compliance; client onboarding and suitability; trading, settlement, and custody; risk management and conduct; and ethics and professional standards. The NZDX Adviser case studies are 5 cases and about 2,474 words.
1Subordinated bond with non-cumulative coupons
Margaret, 68, has NZ 180,000 maturing from a term deposit next month. She needs about NZ 1,000 a month from her savings and has NZ 30,000 in a savings account.
543 words, about 3 min2Offshore lead generator and referral fees
An adviser at a licensed financial advice provider (FAP) receives an email from a Singapore-based wealth portal. It offers leads of New Zealand expatriates and returning residents with at least NZ$100,000 to invest.
492 words, about 2 min3Concentrated small-cap request near retirement
Peter, 59, plans to retire at 62. His portfolio is NZ 500,000 in diversified managed funds and KiwiSaver.
475 words, about 2 min4Missed bond early redemption and cash sweep
A client holds NZ$300,000 face value of a NZX-listed corporate bond with a 5.25% coupon maturing in 2029. On 3 March the issuer announces a mandatory early redemption of the series at par plus accrued interest, with a cash payment date of 20 March.
480 words, about 2 min5Thinly traded stock sale and a possible cross
A client wants to sell NZ 250,000 of a NZX-listed small-cap manufacturer to fund a house settlement in 10 business days. The stock trades about 40,000 shares a day at NZ 2.10, so average daily value is NZ 84,000.
484 words, about 2 min