Podcast
Questions and Answers
Who is authorized to act as the Administrator of the UCP?
Who is authorized to act as the Administrator of the UCP?
- Reputable financial services industry association
- Qualified UITF Marketing Personnel
- BSP-recognized financial institution
- Trust Officers Association of the Philippines (TOAP) (correct)
When should all UITF Marketing Personnel comply with the Qualification Requirements?
When should all UITF Marketing Personnel comply with the Qualification Requirements?
- By the end of 2021 (correct)
- By the end of 2022
- By the beginning of year 2022
- By the end of 2023
What is the purpose of UCP?
What is the purpose of UCP?
- Regulation of UITF interest rates
- Promotion of UITF products
- Management of UITF investment portfolios
- Certification of personnel involved in sales of UITFs (correct)
Who must be certified as a UITF Marketing Personnel through UCP?
Who must be certified as a UITF Marketing Personnel through UCP?
Which organization must administer the UCP according to Circular No. 1018?
Which organization must administer the UCP according to Circular No. 1018?
What is the action or process of investing money for profit or material result?
What is the action or process of investing money for profit or material result?
What makes an investment risky?
What makes an investment risky?
Are cash receipts guaranteed in terms of timing and amount?
Are cash receipts guaranteed in terms of timing and amount?
Why do capital/financial markets exist?
Why do capital/financial markets exist?
What is the potential relationship between higher income and probabilities of loss according to the Risk-Reward Rule?
What is the potential relationship between higher income and probabilities of loss according to the Risk-Reward Rule?
Flashcards
UCP Administrator
UCP Administrator
Trust Officers Association of the Philippines (TOAP) is authorized to administer the UCP program.
UITF Marketing Personnel Qualification Deadline
UITF Marketing Personnel Qualification Deadline
UITF Marketing Personnel must comply with qualification requirements by the end of 2021.
UCP Purpose
UCP Purpose
UCP certifies personnel involved in selling UITFs.
Required UCP Certification
Required UCP Certification
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UCP Administering Organization
UCP Administering Organization
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Investment
Investment
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Investment Risk
Investment Risk
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Guaranteed Cash Receipts?
Guaranteed Cash Receipts?
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Capital/Financial Markets
Capital/Financial Markets
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Risk-Reward Rule
Risk-Reward Rule
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Study Notes
UCP Administration
- Only authorized individuals can act as the Administrator of the UCP.
Qualification Requirements
- All UITF Marketing Personnel must comply with the Qualification Requirements.
Purpose of UCP
- The purpose of UCP is to certify UITF Marketing Personnel.
Certification Requirements
- UITF Marketing Personnel who must be certified through UCP include those involved in selling, marketing, or distributing UITFs.
UCP Administration (according to Circular No. 1018)
- The Securities and Exchange Commission (SEC) must administer the UCP.
Investment Definition
- Investment is the action or process of investing money for profit or material result.
Investment Risks
- An investment is considered risky when the probability of loss is high.
Cash Receipts
- Cash receipts are not guaranteed in terms of timing and amount, making them uncertain.
Capital/Financial Markets
- Capital/financial markets exist to facilitate the buying and selling of financial assets.
Risk-Reward Rule
- According to the Risk-Reward Rule, there is a potential relationship between higher income and higher probabilities of loss, meaning that investments with higher potential returns often come with higher risks.
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