Name: ___________________________________ Name: ___________________________________

1. What does STRIPS stand for? 11. What does STRIPS stand for?

2. What does FIMMDA stands for? 12. What does FIMMDA stands for?

3. What does RBI stand for? 13. What does RBI stand for?

Give the at least 5 internal controls Give the at least 5 internal controls

4. 14.
5. 15.
6. 16.
7. 17.
8. 18.

Give the 2 events that may cause unscheduled Give the 2 events that may cause unscheduled
holiday. holiday.

9. 19.
10. 20.
TRUE OR FALSE TRUE OR FALSE

______1. It is expected that all the Principals and ______1. It is expected that all the Principals and
Brokers should maintain the highest standards of Brokers should maintain the highest standards of
conduct so as to enhance the reputation of these conduct so as to enhance the reputation of these
markets. markets.

______2. All institutions must stand by the commitment ______2. All institutions must stand by the commitment
made by an individual acting on their behalf, the made by an individual acting on their behalf, the
principle being “My Word is my Bond ‘. principle being “My Word is my Bond ‘.

______3. Brokers and principals are expected to ______3. Brokers and principals are expected to
maintain confidentiality of the parties involved in the maintain confidentiality of the parties involved in the
transactions. transactions.

_______4. The role of a broker is to bring together the _______4. The role of a broker is to bring together the
counterparties for a fee. counterparties for a fee.

_______5. When brokers act as intermediaries, they are _______5. When brokers act as intermediaries, they are
not expected to act as principals or in a discretionary not expected to act as principals or in a discretionary
capacity, even momentarily. capacity, even momentarily.