Corporate Actions Essentials 6

Which of the following account types requires a client to sign a hypothecation agreement?

• Cash account

• Prime Broker account

• Delivery Versus Payment account

• Margin account

Which of the following is the best option for an institutional client who wants to execute trades though Raymond James but does not want to safe-keep?

• Prime Broker account

• Ex-Clearing account

• Delivery Versus Payment account

• Netting/Allocation Account

Which of the following is the best option for an institutional client who wants to safe-keep with Raymond James, but wants to execute trades through multiple broker/dealers?

• Prime Broker account

• Ex-Clearing account

• Delivery Versus Payment account

• Netting/Allocation account

What would you expect to see on stock record if an institutional client (DVP) is failing to deliver 100 shares of XYZ Inc. to Raymond James?

• The DVP client's account long 100 shares of XYZ Inc.

• A RJ Ex-Clearing account long 100 shares of XYZ Inc.

• The DVP client's account short 100 shares of XYZ Inc.

• An RJ Ex-Clearing account short 100 shares of XYZ Inc.

Which of the following securities would be held in a client specific segregation location?

• Streetname securities being held in the vault.

• Streetname securities being called for partial redemption.

• Streetname securities being sent to the agent for a mandatory corporate action.

• Streetname securities in a Corporate Actions in/out processing location