Podcast
Questions and Answers
What type of FX transaction accounts for the largest portion of daily turnover?
What type of FX transaction accounts for the largest portion of daily turnover?
Which underlying instrument is most represented in the OTC derivatives market?
Which underlying instrument is most represented in the OTC derivatives market?
What percentage of FX transactions do currency swaps account for?
What percentage of FX transactions do currency swaps account for?
What market segment follows interest rate derivatives in size?
What market segment follows interest rate derivatives in size?
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Which of the following statements about OTC markets is true?
Which of the following statements about OTC markets is true?
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Which two currencies dominate the interest rate derivatives market?
Which two currencies dominate the interest rate derivatives market?
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What event led to the growth of the interest rate derivatives market?
What event led to the growth of the interest rate derivatives market?
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Which exchange is noted as the largest for trading derivatives?
Which exchange is noted as the largest for trading derivatives?
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What is the primary purpose of a reinsurer in the insurance industry?
What is the primary purpose of a reinsurer in the insurance industry?
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Which of the following organizations is directly involved in facilitating mergers and acquisitions?
Which of the following organizations is directly involved in facilitating mergers and acquisitions?
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Which of these roles does not belong to the financial services sector participants?
Which of these roles does not belong to the financial services sector participants?
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What aspect of reinsurance contracts can vary significantly?
What aspect of reinsurance contracts can vary significantly?
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Which of the following is a characteristic of investment banks?
Which of the following is a characteristic of investment banks?
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How do reinsurers typically manage risk?
How do reinsurers typically manage risk?
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Which of the following is NOT a large reinsurer mentioned?
Which of the following is NOT a large reinsurer mentioned?
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Why is the knowledge of various participants in the financial services sector important?
Why is the knowledge of various participants in the financial services sector important?
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What is one benefit of using the workbook for examination preparation?
What is one benefit of using the workbook for examination preparation?
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What additional resource is available to CISI examination candidates?
What additional resource is available to CISI examination candidates?
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Which aspect of macroeconomics is emphasized as essential in the workbook?
Which aspect of macroeconomics is emphasized as essential in the workbook?
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What is covered in the chapter on equities/stocks?
What is covered in the chapter on equities/stocks?
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What additional revision tool is mentioned for examination candidates?
What additional revision tool is mentioned for examination candidates?
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What is one of the core functions of the financial services sector?
What is one of the core functions of the financial services sector?
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How does the financial services sector impact economic productivity?
How does the financial services sector impact economic productivity?
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Which of the following members is noted to have completed relevant qualifications?
Which of the following members is noted to have completed relevant qualifications?
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What is the initial focus of the workbook's introduction?
What is the initial focus of the workbook's introduction?
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What constitutes a critical aspect of the financial services sector's role in advanced economies?
What constitutes a critical aspect of the financial services sector's role in advanced economies?
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What online resource is offered to CISI members at no extra cost?
What online resource is offered to CISI members at no extra cost?
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What does the integration of trade and investment flows imply for the financial services sector?
What does the integration of trade and investment flows imply for the financial services sector?
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What is a significant benefit of the efficiency in the investment chain?
What is a significant benefit of the efficiency in the investment chain?
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Which of the following best defines the 'savers' role in the investment chain?
Which of the following best defines the 'savers' role in the investment chain?
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What is a key feature of the global financial services sector?
What is a key feature of the global financial services sector?
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Why is the financial services sector considered vital for developing economies?
Why is the financial services sector considered vital for developing economies?
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Which type of stockbroker primarily offers trade execution without providing any investment advice?
Which type of stockbroker primarily offers trade execution without providing any investment advice?
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What is a distinguishing feature of robo-advisers compared to traditional wealth managers?
What is a distinguishing feature of robo-advisers compared to traditional wealth managers?
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Which of the following roles is NOT typically associated with institutional brokers?
Which of the following roles is NOT typically associated with institutional brokers?
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What type of client base is typically targeted by advisory and discretionary wealth managers?
What type of client base is typically targeted by advisory and discretionary wealth managers?
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How do execution-only stockbrokers charge their clients?
How do execution-only stockbrokers charge their clients?
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What has happened to the distinction between stockbrokers and wealth managers in recent years?
What has happened to the distinction between stockbrokers and wealth managers in recent years?
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What is a key factor in the service model employed by institutional brokers?
What is a key factor in the service model employed by institutional brokers?
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Which fee structure is commonly associated with robo-advisers?
Which fee structure is commonly associated with robo-advisers?
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Which method is NOT typically used by governments to raise finance for public expenditure?
Which method is NOT typically used by governments to raise finance for public expenditure?
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What is the term used to describe the practice of limiting trade with other countries to protect domestic markets?
What is the term used to describe the practice of limiting trade with other countries to protect domestic markets?
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Which organization is primarily involved in promoting free trade and arbitrating trade disputes?
Which organization is primarily involved in promoting free trade and arbitrating trade disputes?
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What are stabilisation policies mainly aimed at addressing?
What are stabilisation policies mainly aimed at addressing?
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In an open economy, which of the following is generally true?
In an open economy, which of the following is generally true?
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Which of the following best describes fiscal policy?
Which of the following best describes fiscal policy?
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What kind of economies can be classified as open economies?
What kind of economies can be classified as open economies?
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What role does government traditionally play in the economy?
What role does government traditionally play in the economy?
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Study Notes
CISI Investment Operations Certificate - Course Details
- Workbook Edition: 16, June 2023
- Syllabus Version: 16.0
- Exam Coverage: September 10, 2023 to September 9, 2024
- Study Time Estimate: 80 hours
- No Handheld Calculators: Allowed only onscreen calculators in examinations
- CISI: Chartered Institute for Securities & Investment
- Workbook Intended Use: To prepare for the CISI International Introduction to Securities & Investment examination
- No Responsibility for Trading/Investment Advice: Workbook is for educational purposes only and the CISI does not accept responsibility for any trading or investment activity as a result of the information presented in the workbook.
- Copyright: All rights reserved. No part of this publication may be reproduced without the prior permission of the CISI.
- Legal Warning: Unauthorised use of any part of the material may result in legal action. The laws in the workbook may not always apply to Scotland.
- Syllabus Access: Full syllabus, including learning map, available on cisi.org and by contacting customer support.
- Candidate Updates: Candidates should regularly check the Candidate Update area on cisi.org for any updates.
Workbook Content Outline
-
Chapter 1: Introduction: The Financial Services Sector (3 pages)
- Scope of financial services
- Key participants and roles in financial centres
- Economic environment
-
Chapter 2: The Economic Environment (4 pages)
- Factors determining economic activity
- Economic cycle and policy
- Central banks (role and functions)
- Key economic indicators (GDP, balance of payments, etc.)
-
Chapter 3: Equities/Stocks (8 pages)
- Company formation and features
- Risks of owning shares
- Corporate actions
- Primary and secondary markets; stock exchanges; trading
- Depositary receipts
- World stock markets
- Stock market indices
- Settlement systems
-
Chapter 4: Bonds (8 pages)
- Introduction to bonds
- Characteristics of bonds
- Government bonds
- Corporate bonds
- Asset-backed securities (ABSs)
- International bonds
- Yields
-
Chapter 5: Other Markets and Investments (6 pages)
- Cash deposits
- Money markets (Treasury Bills, Commercial Paper, Certificates of Deposit)
- Property
- Foreign Exchange (Forex) markets
-
Chapter 6: Derivatives (6 pages)
- Overview of derivatives
- Futures
- Options
- Interest rate swaps
- Credit default swaps (CDSs)
- Derivatives exchanges
- Investing in Derivatives Markets
-
Chapter 7: Investment Funds (6 pages)
- Overview of investment funds
- Open-ended funds
- Closed-ended investment companies
- Exchange-Traded Funds (ETFs)
- Alternative Investment Funds (AIFs) Including Hedge Funds and Private Equity
-
Chapter 8: Regulation and Ethics (6 pages)
- Introduction
- Financial crime (e.g., money laundering, terrorist financing)
- Insider trading and market abuse
- Integrity and ethics in professional practice
-
Chapter 9: Other Financial Products (6 pages)
- Pensions
- Loans
- Mortgages
- Life assurance
-
Chapter 10: Financial Advice (5 pages)
- Financial advice
- Legal concepts in financial advice
- Financial advice process
-
Glossary (6 pages)
-
Multiple Choice Questions (12 pages)
-
Syllabus Learning Map (3 pages)
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on financial services and the derivatives market. This quiz covers various aspects, including FX transactions, OTC derivatives, and the roles of different financial institutions. Prepare to assess your understanding of complex topics in finance.
