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Questions and Answers
What are the steps to set up a PAMM account as described in the document? (Choose all that apply)
What are the steps to set up a PAMM account as described in the document? (Choose all that apply)
When setting up a PAMM account, what is the default configuration if "allow MM to deposit" and "Special case" says NO?
When setting up a PAMM account, what is the default configuration if "allow MM to deposit" and "Special case" says NO?
What should you check if you can't find the staff account while setting up the PAMM account?
What should you check if you can't find the staff account while setting up the PAMM account?
PPT page 49-52
What is the name of the PAMM account in the example provided?
What is the name of the PAMM account in the example provided?
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What is the money manager account number in the PAMM setup example?
What is the money manager account number in the PAMM setup example?
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The PAMM setup example allows the money manager to deposit funds.
The PAMM setup example allows the money manager to deposit funds.
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The PAMM account setup example uses the 'Distribute floating PnL' option with a 'Special case' setting.
The PAMM account setup example uses the 'Distribute floating PnL' option with a 'Special case' setting.
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On which page of the PPT should you check the procedure for setting up a new configuration or new BS trading group?
On which page of the PPT should you check the procedure for setting up a new configuration or new BS trading group?
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On which page of the PPT should you check the procedure for creating a Money Manager?
On which page of the PPT should you check the procedure for creating a Money Manager?
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Where should the PAMM account be assigned in the PAMM setup process?
Where should the PAMM account be assigned in the PAMM setup process?
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What is the page number in the PPT for assigning the PAMM account to the Sales owner?
What is the page number in the PPT for assigning the PAMM account to the Sales owner?
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What is the IB brand mentioned in the document?
What is the IB brand mentioned in the document?
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What is the deposit payment group mentioned in the document?
What is the deposit payment group mentioned in the document?
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What is the currency for the account in the example provided?
What is the currency for the account in the example provided?
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What is the email address mentioned in the example provided?
What is the email address mentioned in the example provided?
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Study Notes
PAMM Account Setup
- Email Verification: Check email for requests allowing money manager deposits and special cases; a "no" for the special case indicates a default setup.
- New Configuration Check: Determine if a new trading group is needed for the money manager (MM). Refer to PPT pages 15-17 for the procedure.
- Money Manager Creation: Create a money manager; consult PPT pages 18-25 for the process.
- PAMM Account Assignment: Assign the PAMM account to the sales owner in the PAMM admin portal. Refer to PPT page 51 for details.
- Staff Account Creation (if needed): If a staff account isn't found, create a new one for sales use. Refer to PPT pages 49-52 for the procedure.
- PAMM Virtual Account Transfer: Move the PAMM virtual account to the designated IB number. Follow the information in the account setup request email, including:
- IB brand
- Deposit payment group (NONE)
- Account type (check owner account for individual or corporate)
- Save the changes.
- Email Confirmation: Reply to the sales email. The email should include the PAMM account name, the trading account number, confirmation that the money manager is ready. Be sure to include the owner account number/name.
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Description
This quiz covers the comprehensive steps for setting up a PAMM account, including email verification, money manager creation, and account assignments. Participants will learn to navigate through procedural references and ensure proper configurations based on specific guidelines.
