Review 1 To 12 Flashcards
Late closing
Not late trading
Endowment funds and retirement funds both are
Tax sheltered
Endowment funds provides income for a
Beneficiary that’s an organization, a trust fund a single or a few beneficiary
Dollar denominated default rate represent
The worse case scenario
Maximum percentage of a MF’s net asset can be exposed to an individual counterparty
10 % NI 81-102
Trust elements
Disclosure of information
Influence over decision
Exercising some control (does not feel manipulated)
Subadvisor
Third party hired to provide PF management services
MBS compare to
Government bonds
The tracking error is calculated with
The standard deviation of the return difference between PF and the index
Recovery rate = recovery amount per 1000 $ of par value
Recovery amount= face value x recovery rate
Cash settlement = face value-recovery amount
Portfolio manager report to
The asset class head
The head of commercial and residential mortgage report to
The CIO
Values are
Long lasting, beliefs and can change
Long short trategy in Canada
75%
The PF manager imputs
The trade in the STP system
