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  • FNS40815 FNSINC402 Assessment 3 Mohamed Husain

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    husain081
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    The document is an assessment for a Certificate IV in Finance and Mortgage Broking. It contains 8 activities asking about topics such as the role of intermediaries in financial services, differences between private banking and wealth management, risk assessments for credit cards, and factors in assessing product suitability for clients. The activities require explaining key concepts and providing examples.

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    The document is an assessment for a Certificate IV in Finance and Mortgage Broking. It contains 8 activities asking about topics such as the role of intermediaries in financial services, differences between private banking and wealth management, risk assessments for credit cards, and factors in assessing product suitability for clients. The activities require explaining key concepts and providing examples.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views9 pages

    FNS40815 FNSINC402 Assessment 3 Mohamed Husain

    Uploaded by

    husain081
    The document is an assessment for a Certificate IV in Finance and Mortgage Broking. It contains 8 activities asking about topics such as the role of intermediaries in financial services, differences between private banking and wealth management, risk assessments for credit cards, and factors in assessing product suitability for clients. The activities require explaining key concepts and providing examples.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    FNS40815 Certificate IV in Finance and Mortgage Broking

    FNSINC402 Develop and maintain in-depth knowledge of products and


    services used by an organisation or sector

    Assessment 3

    FNS40815_ FNSINC402 Assessment 3 V1.0 REAA Released January 2019


    Page 1 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 1

    Explain the role of an intermediary in the Australian financial services market. Provide illustrative
    examples.

    Activity 1 Answer

    V1.0 REAA Released January 2019


    Page 2 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 2

    Explain some of the differences between private banking and wealth management.

    Activity 2 Answer

    V1.0 REAA Released January 2019


    Page 3 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 3

    What types of risk assessment should a Financial Service Provider (FSP) perform on a client who is
    seeking to obtain a new credit card?

    Activity 3 Answer

    V1.0 REAA Released January 2019


    Page 4 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 4

    Identify and explain some examples of a client’s personal circumstances that may assist a FSP to
    assess the suitability of the client for a product or service.

    Activity 4 Answer

    V1.0 REAA Released January 2019


    Page 5 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 5

    What are PCI compliance ‘levels’ and how are they determined?

    Activity 5 Answer

    V1.0 REAA Released January 2019


    Page 6 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 6

    How are personal credit scores calculated?

    Activity 6 Answer

    V1.0 REAA Released January 2019


    Page 7 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 7

    Why should consumers approach 0% credit card balance transfer offers cautiously?

    Activity 7 Answer

    V1.0 REAA Released January 2019


    Page 8 of 9
    144f3a90-03f3-415d-8f1f-c56790fac880

    Activity 8

    Banks need to transform into ‘customer centric’ operations. Discuss.

    Activity 8 Answer

    V1.0 REAA Released January 2019


    Page 9 of 9

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