an equity
a swap of an underlying equity asset
a warrant of an underlying equity asset
an option of an underlying equity asset
Receive his capital of S$ 100 but lost S$ 20 on the price paid for the option
receive his capital of S$ 100
receive S$ 50
not receive any money
Different wrappers can have different regulatory restrictions on the issuers
Some wrappers are subject to more specific investment restrictions than others
Wrappers, regardless of their formats, are subject to the same costs
None of the above
Contract for differences
Bonus certificate
Discount certificate
Tracker certificate
Are protected against loss of their capital
get higher returns on their investments
are unsecured creditors of the issuer in the event liquidation
are provided with insurance coverage
Safe instruments
Rare gems
Unworthy investments
Bold investments
The investor will not be paid anything on maturity
the investor is paid the principal investment amount and the contract is terminated
the protection no longer applies and the investor is paid the value of the underlying asset at maturity
the investor has to top up cash
Air-bag certificates
Discount certificates
Bonus certificates
Tracker certificates
Credit-linked notes
structured funds
structured notes
structured ILPs
Bold investments
worthy investments
safe investments
rare gems
Associated Banks of Singapore
Singapore Exchange
Investment Managers of Singapore
Brokers Association of Singapore
The market fair value of structured products are not easy to determine
One of the advantages is that structured products are liquid
Structured products are generally not as complicated as they are made out to be
All structured products can be cashed out anytime
lower than that in US$
higher than that in US$
the same as that in US$
not ascertainable
Switching
short selling
gearing
forward pricing
S$ 2
S$ 5
S$ 25
S$ 35
10%
12%
20%
30%
The collateral increased in value after it was pledged
the risk exposure was not adequately collateralised from the start
the risk exposure is reduced
the contract has been terminated
The prices of both move up or down in the same direction, by the same percentage
the prices of both move up or down in opposite directions, by the same percentage
the prices move up in the same direction, by different percentages
the prices of the securities move at random
The kick-in levels are breached
the knock-out levels are breached
callable bonds are called
all of the above
Business risk
Regulatory action
Interest rate risk
Operational risk
Agricultural products
currency
energy
all of the above
settlement dates
delivery price
quantity
all of the above
the total cost of the contract including delivery is known to the buyer
the buyer of the forward contract has to arrange for delivery
the seller of the forward contract will arrange for delivery
the seller of the forward contract will pay for the delivery arranged by the buyer
Backwardation
contango
mark to market
kick-in
30 cents on par
30 cents over March
30 cents under March
15 cents on average
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