It refers to the integration of financial markets throughout the world into an international financial markets.

(a)  

t does not require parties to converge in a central location. Rather, participants in the market are joined through electronic networks. The dealers hold an inventory of security, then stand ready to buy or sell with market participants. These dealers earn profits through the spread between the prices at which they buy and sell securities

(a)  

all individuals and institutions that want to trade securities congregate in one area and announce the prices at which they are willing to buy and sell. These are referred to as bid and ask prices. The idea is that an efficient market should prevail by bringing together all parties and having them publicly declare their prices. Thus, theoretically, the best price of a good need not be sought out because the convergence of buyers and sellers will cause mutually agreeable prices to emerge. The best example of an auction market is the New York Stock Exchange (NYSE).

(a)  

commonly referred to as the "stock market.

(a)  

This market is decentralized, allowing customers to trade in customized products based on the requirement. In these cases, buyers and sellers interact with each other. Generally, Over-thecounter market transactions involve transactions for hedging of foreign currency exposure, exposure to commodities, etc. These transactions occur (a)   as different companies have different maturity dates for debt, which generally doesn’t coincide with the settlement dates of exchange-traded contracts. Over a period of time, financial markets have gained importance in fulfilling the capital requirements for companies and also providing investment avenues to the investors in the country. Financial markets provide transparent pricing, high liquidity, and investor protection, from frauds and malpractices.

s a centralized market, that works on pre-established and standardized procedures. In this market, the buyer and seller don’t know each other. Transactions are entered into with the help of intermediaries, who are required to ensure the settlement of the transactions between buyers and sellers. There are standard products that are traded in such a market, there cannot need specific or customized products. (HYPHEN_)

(a)  

In this market, the settlement or delivery of security or commodity takes place at a future date. Transactions in such markets are generally cash-settled instead of delivery settled. In order to trade in the (a)   , the total amount of assets is not required to be paid, rather, a margin going up to a certain % of the asset amount is sufficient to trade in the asset.

In this market, transactions are settled in real-time and it requires the total amount of investment to be paid by the investors, either through their own funds or through borrowed capital, generally known as margin, which is allowed on the present holdings in the account.

(a)  

Once a company gets the security listed, the security becomes available to be traded over the exchange between the investors. The market that facilitates such trading is known (a)   . In other words, it is an organized market, where trading of securities takes place between investors. Investors could be individuals, merchant bankers, etc. Transactions of the secondary market don’t impact the cash flow position of the company, as such, as the receipts or payments for such exchanges are settled amongst investors, without the company being involved

t refers to the market, where the company lists security for the first time or where the already listed company issues fresh security. This market involves the company and the shareholders to transact with each other. The amount paid by shareholders for the primary issue is received by the company. There are two major types of products for the primary market, viz. Initial Public Offer (IPO) or Further Public Offer (FPO).

(a)  

is for short term funds, where the investors who intend to invest for not longer than a year enter into a transaction. This market deals with Monetary assets such as treasury bills, commercial paper, and certificates of deposits. The maturity period for all these instruments doesn’t exceed a year. Since these instruments have a low maturity period, they carry a lower risk and a reasonable rate of return for the investors, generally in the form of interest.

(a)  

t refers to the market where instruments with medium- and long-term maturity are traded. This is the market where the maximum interchange of money happens, it helps companies get access to money through equity capital, preference share capital, etc. and it also provides investors access to invest in the equity share capital of the company and be a party to the profits earned by the company.

(a)  

quity instruments are traded, as the name suggests equity refers to the owner’s capital in the business and thus, have a residual claim, implying, whatever is left in the business after paying off the fixed liabilities belongs to the equity shareholders, irrespective of the face value of shares held by them While making an investment, the time period plays an important role as the amount of investment depends on the time horizon of the investment, the time period also affects the risk profile of an investment. An investment with a lower time period carried lower risk as compared to an investment with a higher time period.

(a)  

refers to the market where debt instruments such as debentures, bonds, etc. are traded between investors. Such instruments have fixed claims, i.e. their claim in the assets of the entity is restricted to a certain amount. These instruments generally carry a coupon rate, commonly known as interest, which remains fixed over a period of time.

(a)  

refers to the owner’s capital in the business

(a)  

s a marketplace where creation and trading of financial assets including shares, bonds, debentures, commodities, etc take place

(a)  

the prices of investments like tech stocks in the dotcom era or real estate before the Great Recession rise rapidly, far beyond their fundamentals. These high prices are supported only by artificially inflated demand, which eventually dissipates, and the bubble bursts. At this point, people lose money and confidence collapses. Consumers and companies cut down on spending and the economy goes into recessio

(a)  

This is when product and asset prices fall because of a large drop in demand. As demand falls, so do prices as sellers try to attract buyers. Consumers see this downward trend and wait for those prices to fall, further reducing demand. The downward spiral reduces economic activity and increases unemployment, which causes an ongoing downward spiral or slow economic activity and greater unemployment

(a)  

make it expensive for consumers to borrow money. This means that consumers are less likely to spend, especially on major purchases like houses or cars. Companies will also reduce their spending and growth plans because the cost of financing is too high.

(a)  

When consumers worry about the state of the economy, they slow their spending and save whatever money they can. Because close to 70% of GDP depends on consumer spending, the entire economy can drastically slow

(a)  

An unpredictable event that causes widespread economic disruption, such as a natural disaster or a terrorist attack. The latest example is the brief recession that occurred as a reaction to the COVID-19 outbreak

(a)  

It marks the bottom of a business cycle's economic activity and marks the start of a new wave of expansion and a new business cycle. This is a turning point that's followed by a new wave of expansion.

(a)  

A period that is marked by a decline in economic activity often identified by a rise in unemployment as well as a bear market. Additionally, GDP growth falls under 2%. As growth contracts, the economy enters a recession.

(a)  

The highest point of a business cycle that signifies when an economy has reached its crest of output. Here, there's nowhere to go but down, sending the economy into a contraction phase. This can happen for any number of reasons, either investors get too speculative and create an asset bubble or industrial production starts outpacing demand. This is commonly seen as the turning point into the contraction phase.

(a)  

This phase represents a period of economic growth, also considered the "normal" phase of the business cycle. It is often characterized by an increase in employment and a swelling of consumer spending and demand, which leads to an increase in the production and cost of goods and services.

(a)  

A nonprofit research group tracks the change in business cycles, including recessions. They determine when a recession starts by measuring a variety of indicators such as: • Decline in real GDP • Decline in real income • Rise in unemployment • Stagnation of industrial production and retail sales • Decline in consumer spending

(a)  

) uses a broad set of criteria to identify global recessions, including a decrease in per capita gross domestic product (GDP) worldwide. A

(a)  

The (a)   uses a broad set of criteria to identify global recessions, including a decrease in per-capita gross domestic product (GDP) worldwide.

A critical element to a successful KYC methodology

(a)  

an extended period of economic decline around the world.

(a)  

involves more or les synchronized recessions across many national economies, as trade relations and international financial systems transmit economic shocks and the impact of recession from one country to another

(a)  

procedures also help establish trust in a business relationship and give an organization insight into the nature of customer activities. On top of that, they are a crucial part of the onboarding process and can significantly improve the servicing and management of investors over the course of the relationship.

(a)  

a standard requirement globally within the investment industry. It’s a process from industry regulatory bodies to protect all stakeholders within the industry and it’s in the best business interest of any investment firm or investor, especially if there is a lot of money at stake.

(a)  

serves an important purpose for providing superior service, preventing liability, and avoiding association with money laundering, and types of fraud

(a)  

is a standard due diligence process used by investment firms i.e., wealth management, broker dealers, private lenders, commercial real estate investment, among others to assess investors they are conducting business with. Apart from being a legal and regulatory requirement, (a)   is a good business practice as well to better understand investment objectives and suitability, and reduce risk from suspicious activities

it is the process of identifying who your investors are and their wealth status, verifying the sources of the client's funds (if they are legitimate or not), and requiring detailed anti-money laundering (AML) information from the clients.

(a)  

FIVE WAYS TO COMBAT MONEY LAUNDERING

- paid to shareholders of companies controlled by criminal

(a)  

- to directors or shareholders, which will never be repaid

(a)  

a way of getting the money back out. Usually paid in cash and collected

(a)  

The final stage is getting the money out so it can be used without attracting attention from law enforcement or the tax authorities. In this regard, criminals are often content to pay payroll and other taxes to make the “washing” more legitimate and are often happy with a 50% “shrinkage” in the wash

(a)  

s essentially the use of placement and extraction over and over again, using varying amounts each time, to make tracing transactions as hard as possible.

(a)  

– funds are lodged with a lawyer or accountant to hold in their client account to settle a proposed transaction. After a short time, the transaction is aborted. Funds are repaid to the client from an unimpeachable source

(a)  

physically taking small amounts of cash abroad, below the customs declaration threshold, lodging in foreign bank accounts, then sending back to the country of origin.

(a)  

useful for hiding the identity of the real beneficial owners. ( __ aND___)

(a)  

lodging small amounts of money below the AML reporting threshold to bank accounts or credit cards, then using these to pay expenses etc.

(a)  

adding the cash gained from crime to the legitimate takings. This works best in business with little or no variable costs, such as car parks, strip clubs, tanning studios, car washes, and casinos

(a)  

putting through dummy invoices to match cash lodged, making it look like payment in settlement of the false invoice

(a)  

ITS PURPOSE IS TO Turn the proceeds of crime into cash or property that looks legitimate and can be used without suspicion

(a)  

AML HOLDING PERIOD IN DAYS (NUMBER)

(a)  

One common technique is to run the money through a (a)   OWNED BY CRIMINAL ORG OR CONFEDERATES

Criminals often "launder" money they obtain through illegal acts such as (a)   so the funds cannot be easily traced to them.

target criminal activities including market manipulation, trade in illegal goods, corruption of public funds and tax evasion, as well as the methods used to conceal these crimes and the money derived from them.

(a)  

refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. (NO HYPHEN)

(a)  

These charges are one-time costs associated with the method of distribution. The two types of distribution are sales force (or whole sale or direct). It occurs via an intermediary such as an agent, a stockbroker agent, or entity who provides investment advice and incentive to the client actively.

(a)  

These funds that sell shares like any other corporation and usually do not redeem their shares. Investors pay a broker commission. The market price may differ from NAV, because of supply and demand conditions for that particular fund's stock, future tax liability of the fund, the leverage and risk of the fund, or because the fund has access to markets that investors are willing to pay a premium for.

(a)  

of an investment company is the company's total assets minus its total liabilities

(a)  

These are portfolios of securities, and investors own a pro rata share of the overall portfolio. These funds continuously stand ready to sell new shares to the public and to redeem their outstanding shares on demand at a price equal to the net asset value (NAV), which is computed daily at the close of the market.

(a)  

you’re always on the lookout for new opportunities and solutions

(a)  

This type of organization is similar to a closed-end fund in that the number of unit certificates is fixed. The portfolio securities are typically bonds but differ from both a mutual fund and a closed-end fund that specializes in investing in bonds as follows: (1) there is no active trading of the assets of the unit trust; (2) unit trusts have a fixed termination date while mutual funds and closed-end funds do not; and (3) unlike the mutual fund and closed-end fund investors, the unit trust investor knows that the portfolio consists of a specific collection of assets and has no concern that the trustee will alter the portfolio. Fund Sales Charges and Annual Operating Expenses Investors in mutual funds bear two types of costs: sales charges and annual operating expenses

(a)  

you deal with pressure well and can react quickly to events

(a)  

you are able to explain your decisions and foster good relationships

(a)  

– you are decisive, able to make informed choices based on facts (NO HYPHEN)

(a)  

you look behind the headlines and data to identify meaningful trends

(a)  

Keeping a watchful eye on the current market situation and outlook is essential for asset management companies. This is why many firms have a dedicated (a)  

The most affordable type of investment manager isn't a person at all. A ___ is a computer algorithm that automatically monitors and rebalances an investor's portfolio according, selling and buying investments according to programmed goals and risk tolerances. Because there is no person involved, THIS cost much less than a personalized investment service

(____-____)

(a)  

an individual or firm that acts as an intermediary for their clients, buying stocks and securities and providing custody over customer assets. THEY generally do not have a fiduciary duty to their clients, so it is always important to thoroughly research before buying.

(a)  

a professional who can recommend investments to their clients, or buy and sell securities on their behalf. IT may or may not have a fiduciary duty to their clients, so it is always important to ask first. Many specialize in a specific area, such as tax law or estate planning.

(a)  

is a firm that advises clients on securities trades or even manages their portfolios. THEY are closely regulated and are required to register with the SEC if they manage more than $100 million in assets.

(a)  

Those that offer public mutual funds or exchange-traded funds (ETFs) are also known as

(a)  

are colloquially referred to as money managers or money management firms. T

(a)  

is a firm that invests pooled funds from clients, putting the capital to work through different investments including stocks, bonds, real estate, master limited partnerships, and more.

(a)  

(also called money management or fund management firms) manage the funds of individuals, business, endowments and foundations, and governments.

(a)  

MAIN goal of wealth management

(______-______ ______ AND __________)

(a)  

ACT IN THE LEAD POSITION OF DEVELOPING AND MAINTAINING RELATIONSHIPS WITH CLIENTS AND SEEING THAT THEIR NEEDS ARE PROPERLY MET

(a)  

A TYPE OF FINANANCIAL ADVISOR WHO UTILIZES THE SPECTURM OF FINANCIAL DISCIPLINES AVAILABLE SUCH AS FINANCIAL AND INVESTMENT ADVICE

(a)  

EXECUTE INVESTMENT BANKING SERVICES SUCH AS IPO OR STOCK BUY BACK

(a)  

MUST BE ABLE TO UNDERSTAND THE IMPORTANT INDUSTRY SPECIFIC FACTORS THAT DRIVE THS UCCESS OR FAILURE OF A BUSINESS

(a)  

PROVIDE CLIENTS WITH BROKERAGE ACCOUNGS SO CLIENTS CAN ACCESSS VIRTUALLY ANY TYPE OF INVESTMENT.

(a)  

THEY MAKE MONEY BY CHARGING FEES FOR THE VARIOUS SERVICES THEY PROVIDE

(a)  

IT IS A CONSULTATIVE PROCESS WHEREBY THE ADVISOR GLEANS INFOREMATION ABOUT THE CLIENTS WANTS AND TAILORS A BESPOKE STRATEFY UTILIZING APPROPRIATE FINANCIAL PRODUCTS AND SERVICES

(a)  

MARKET ANALYSTS ARE EXPERTS AT EVALUATING _____, AND INVESTMENT BANKERS AT EVALUATING ________.

ANSWER FORMAT SHOULD HAVE COMMA IN BETWEEN

(____, _____)

(a)  

refers simply to money management, in all its aspects

(a)  

An investment advisory service that combines other financial services to address the needs of affluent clients

(a)  

The goal of wealth management is to

(a)  

The net worth needed to qualify for wealth management services vary among institutions, but the net worth threshold typically starts at about (a)   DOLLARS