SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines case studies
SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines · Put your knowledge to work in context.
The Equities Securities Salesman (ESS) examination is the Philippine Securities and Exchange Commission's licensing assessment for individuals who will sell, solicit, or advise on equity securities for a broker-dealer registered with the SEC and trading on the Philippine Stock Exchange. It sits within the SEC's Phase 2 licensing track for market participants, and passing it is normally one of the conditions a firm must satisfy before a person may be endorsed as an associated person handling equity accounts. The SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines case studies are 5 cases and about 3,513 words.
1The Chat Group That Became an Advisory Business
You supervise sales conduct at a PSE trading participant. For 18 months, registered salesman R.M.
750 words, about 4 min2Two Deposits Just Under the Threshold
Northbridge Agri Ventures Inc. applies for a cash securities account at your broker-dealer.
710 words, about 4 min3The Joint Venture Call and the Pension Fund Order
On Tuesday at 10:40 a.m., the CFO of a listed mining company-a long-standing client-calls his salesman: 'We sign a joint venture with a Chinese state buyer on Friday. Keep this to yourself, but you should position your clients before the disclosure.' The salesman runs a discretionary model portfolio.
703 words, about 4 min4The Rights Offering and the Retiree's Concentration
has 100 million shares outstanding, net income of P600 million (EPS P6.00), and trades at P60.00. It announces three things: a cash dividend of P2.00 per share with record date Friday, 15 August; a renounceable 1-for-4 rights offering at P45.00 per new share, with proceeds to fund a plant and expected to earn 5% pre-tax until deployed; and that the rights will be listed and tradable.
686 words, about 3 min5The Scratch Pad, the Cross and the Backdated Ticket
a client telephones: 'Buy 50,000 ABC at 12.50, good for the day.' The salesman writes it on a scratch pad, is interrupted, and at 9:58 enters a sell order for 5,000 ABC at market. It fills immediately at 12.35.
664 words, about 3 min