BM1484

A Transfer Agent does the following:

• Keep shareholders' record of account balances

• maintain purchases and sales

• transfer monies

• maintains shareholders records only

A registrar is an official keeper of records made in a register.

• False

• True

• I am not sure.

Distributors offer limited choices of unit trust as compared to Fund Managers.

• True

• False

• I dont know.

A bank computes daily NAV of a UT and reports to Fund Manager

• (T+1) before 5pm

• (T+1) before 2359

• before 12pm

• (T+1) before 12pm

MNL Bank is the trustee appointed by the fund manager. MNL bank's function includes

• performs compliance checks

• maintains fund a/c in trustee's name

• promote the UT of the fund manager

• perform the investment decision of the UT

Creation of an account in registry system requires : Name, Address, Identification Number and ______ ______.

When creating an investor's account, AML/KYC is not important.

• True

• False

• Depends

• I dont know.

Cash investment is made through a distributor; the registrar record will reflect:

• Investor's name

• Fund manager's name

• nominee's name

• banker's name

According to SFA (Cap 289) Clause, Fund Managers must transfer subscription monies to trust account by T+5

• False

• It is not a must T+5 , T+ 7 is ok too.

• I dont know

• True

Dealings on trade date are processed

• Forward pricing

• Backward pricing

• using next NAV calculation

• normal pricing