PAMM Account Setup Procedure
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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)

  • Check if we need to set up a new configuration / new BS trading group for the MM. Please check the procedure in PPT page 15-17. (correct)
  • Check email request: If "allow MM to deposit" and "Special case" says NO. That's a default configuration (correct)
  • Please move the PAMM virtual to the designated IB number based on the PAMM setup request email. (correct)
  • Reply to the sales' email (correct)
  • Save the changes (correct)
  • Create a Money Manager : check PPT page 18-25 (correct)
  • Assign the PAMM account to the Sales owner on PAMM admin portal: check PPT page 51 (correct)
  • If you can't find the staff account, please create one for the sales: check PPT page 49-52 (correct)

    • When setting up a PAMM account, what is the default configuration if "allow MM to deposit" and "Special case" says NO?

  • The account is set up with a "Distribute floating PnL" option set to Yes (correct)
  • The account is set up with a minimum initial investment/deposit of $8,000 (correct)
  • The account is set up with a trading interval of 1 month. (correct)
  • The account is set up with a 30% performance fee. (correct)

    • 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?

    <p>QuantX Alpha</p> Signup and view all the answers

    What is the money manager account number in the PAMM setup example?

    <p>63525023</p> Signup and view all the answers

    The PAMM setup example allows the money manager to deposit funds.

    <p>True (A)</p> Signup and view all the answers

    The PAMM account setup example uses the 'Distribute floating PnL' option with a 'Special case' setting.

    <p>True (A)</p> Signup and view all the answers

    On which page of the PPT should you check the procedure for setting up a new configuration or new BS trading group?

    <p>15-17</p> Signup and view all the answers

    On which page of the PPT should you check the procedure for creating a Money Manager?

    <p>18-25</p> Signup and view all the answers

    Where should the PAMM account be assigned in the PAMM setup process?

    <p>PAMM admin portal</p> Signup and view all the answers

    What is the page number in the PPT for assigning the PAMM account to the Sales owner?

    <p>51</p> Signup and view all the answers

    What is the IB brand mentioned in the document?

    <p>5602716-RAY02</p> Signup and view all the answers

    What is the deposit payment group mentioned in the document?

    <p>NONE</p> Signup and view all the answers

    What is the currency for the account in the example provided?

    <p>USD</p> Signup and view all the answers

    What is the email address mentioned in the example provided?

    <p><a href="mailto:[email protected]">[email protected]</a></p> Signup and view all the answers

    Flashcards

    Allow MM to deposit

    This feature allows Money Managers to deposit funds into their accounts.

    Special case

    A special configuration that may need to be implemented for specific Money Managers.

    New configuration/New BS trading group

    A PAMM account setup that requires a new configuration or a new trading group.

    Create a Money Manager

    The process of creating a new account for a Money Manager on the platform.

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    Assign PAMM account to Sales owner

    The PAMM account is linked to a specific Sales owner.

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    Create a staff account for sales

    A new staff account needs to be generated for the sales team if one doesn't exist.

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    Move PAMM virtual to IB number

    Moving PAMM virtual accounts to the correct IB number.

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    IB brand

    The IB's brand or identity.

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    Deposit payment group

    Group used for processing deposit payments.

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    Account type

    The type of account, either individual or corporate.

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    Save the changes

    Confirming the changes made to the PAMM account.

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    Reply to sales' email

    Notifying the sales team about the setup completion.

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    Email template

    A pre-written message sent to the sales team after setting up the PAMM account.

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    PAMM NAME

    The name given to the specific PAMM account being set up.

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    PAMM account [trading account number]

    The unique trading account number assigned to the PAMM account.

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    PAMM is ready to roll

    The PAMM account is ready to be activated.

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    Owner Account: [owner account number]

    The account number used by the PAMM account owner.

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    Owner Account: [owner account name]

    The name of the PAMM account owner.

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    Email Confirmation

    The email is sent to confirm that the PAMM account setup process is complete and the PAMM account is ready for use.

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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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    Related Documents

    PAMM Account Setup PDF

    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.

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