Series 65 Terms & Definitions Flashcards
Form 13F
Investment managers with discretion over portfolios with $100MM AUM+ must file quarterly
Form U-2
Uniform Consent to Service of Process (state)
This is a statement of eligibility for the filing of a security
Bankers’ Acceptances
Short-Term notes that facilitate import/export activity
EDGAR stands for..
Electronic Data Gathering Analytics and Retrieval system
A Cash account is what type of account?
“Type 1” Acct
Broker / Dealers mark up and mark down when acting in a…
PRINCIPAL capacity
A BUY-STOP is often used to protect a _____ position?
Short Position
Money Market Instruments are made up of…
Repurchase Agreements (Repos)
Commerical Paper
Bankers’ Acceptances
Negotiable or Jumbo CDs
Limit Orders trade at a given price or…
Better
European Options can only be executed when?
On the last business day prior to the expiration date
Stock warrants are ______ term
Stock Warrants are LONG term
Stock Rights and Options are _________ term
Stock Rights and Stock Options are both SHORT term
In order to generate income one would…
SELL COVERED CALLS (premium received)
Futures trade via…
EXCHANGES
Are Futures margined or not?
Yes, FUTURES are MARGINED
Forward contracts trade how?
OVER THE COUNTER (OTC)
Are Forward contracts margined?
NO, FORWARD contracts are NOT MARGINED
What series license does one need to trade either Futures or Forward contracts?
Series 3
ETFs trade in what type of market?
The secondary market
Which series license does one need to trade ETFs?
A series 7 is required to trade ETFs
Can ETFs be sold short?
Yes
Can ETFs be purchased in a margin account?
Yes
Exchange Traded Notes (ETNs) trade on the exchange at ___, ___, & ____ maturities?
ETNs: 10yr, 30 yr, 40 yr maturities
Annuity Withdrawals are always taken how?
LIFO
Earnings always come out FIRST and are 100% taxable as ordinary income