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Questions and Answers
Who is authorized to act as the Administrator of the UCP?
When should all UITF Marketing Personnel comply with the Qualification Requirements?
What is the purpose of UCP?
Who must be certified as a UITF Marketing Personnel through UCP?
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Which organization must administer the UCP according to Circular No. 1018?
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What is the action or process of investing money for profit or material result?
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What makes an investment risky?
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Are cash receipts guaranteed in terms of timing and amount?
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Why do capital/financial markets exist?
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What is the potential relationship between higher income and probabilities of loss according to the 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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Description
Test your knowledge about the UITF Certification Program (UCP) which is mandatory for all personnel involved in the sales of Unit Investment Trust Funds (UITFs) in the Philippines. This quiz covers the certification requirements and regulations outlined in Circular No. 1018.