开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

luojy · 2024年05月11日

theme 3

NO.PZ2021102801000006

问题如下:

Karen Swanson and Gabriel Russell recently co-founded Green Savanah Securities, an asset management firm conducting various equity and fixed-income strategies. Swanson and Russell are formulating Green Savannah’s trade policy. During a meeting, they agree on an initial set of themes regarding trade policy formation:

Theme 1: We should determine an optimal execution approach and apply that approach to each asset class managed.

Theme 2: In aggregating trades for pooled accounts, any partially executed orders need to be allocated on a pro-rata basis.

Theme 3: The principles behind our process to find a broker should be consistent across each asset class managed.

Theme 4: To act in our clients’ best interests, we need to disclose all trade errors to them.

Identify two inappropriate themes in the partners’ set. Justify your response.

选项:

解释:

Theme 1 is inappropriate because the optimal execution approach may differ by asset class, level of security liquidity, and security trading mechanism (order-driven markets, quote-driven markets, and brokered markets). Green Savannah’s trade policy document should describe the factors used in determining how an order can be executed in an optimal manner for a given scenario.

Theme 4 is inappropriate because as part of a suitable policy for the treatment of trade errors, those errors and any resulting gains/losses need to be disclosed to Green Savannah’s compliance department and documented in a trade error log. The priority is to ensure errors are resolved in a way that prevents adverse impact for the client, not to ensure complete disclosure.

老师,针对theme 3 我有疑问,consistent across each asset class, "across"这个词指的是不同资产之间,也就是他想说不同资产类型之间的broker选择标准是一样的?这应该不是定制化而是统一化选人标准?我也觉得theme3表述很模糊也有点问题。



1 个答案
已采纳答案

吴昊_品职助教 · 2024年05月12日

嗨,努力学习的PZer你好:


Theme3这句话的意思是:在管理每一类资产时,寻找broker的过程应该遵循一致的原则。

这里提到的“原则”可能涉及到选择经纪人的标准,比如信誉、效率、成本和服务质量等。这些原则确实是一样的,比如我们希望broker信誉要好,效率要高,成本要低,服务质量要好。所以Theme3是对的。

----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 0

    关注
  • 189

    浏览
相关问题

NO.PZ2021102801000006 问题如下 Karen Swanson anGabriel Russell recentlyco-founGreen SavanSecurities, asset management firm conctingvarious equity anfixeincome strategies. Swanson anRussell are formulatingGreen Savannah’s tra policy. ring a meeting, they agree on initisetof themes regarng tra poliformation:■ Theme 1: We shoultermine optimexecution approaanpply thapproato eaasset class manage■ Theme 2: In aggregating tras for pooleaccounts, any partiallyexecuteorrs neeto allocateon a pro-rata basis.■ Theme 3: The principles behinour process to fina broker shoule consistent across eaasset class manage■ Theme 4: To ain our clients’ best interests, we neeto scloseall tra errors to them.Intifytwo inappropriate themes in the partners’ set. Justify your response. Theme 1 is inappropriate because theoptimexecution approamffer asset class, level of securityliquity, ansecurity trang mechanism (orr-iven markets, quote-ivenmarkets, anbrokeremarkets). Green Savannah’s tra policument shoulescrithe factors usein termining how orr cexecutein anoptimmanner for a given scenario.Theme 4 is inappropriate because part ofa suitable polifor the treatment of tra errors, those errors ananyresulting gains/losses neeto scloseto Green Savannah’s compliancepartment ancumentein a tra error log. The priority is to ensureerrors are resolvein a wthprevents aerse impafor the client, notto ensure complete sclosure. 请问这个suitable policy好像基础班讲义上没看到过。

2023-11-28 18:23 1 · 回答

NO.PZ2021102801000006问题如下 Karen Swanson anGabriel Russell recentlyco-founGreen SavanSecurities, asset management firm conctingvarious equity anfixeincome strategies. Swanson anRussell are formulatingGreen Savannah’s tra policy. ring a meeting, they agree on initisetof themes regarng tra poliformation:■ Theme 1: We shoultermine optimexecution approaanpply thapproato eaasset class manage■ Theme 2: In aggregating tras for pooleaccounts, any partiallyexecuteorrs neeto allocateon a pro-rata basis.■ Theme 3: The principles behinour process to fina broker shoule consistent across eaasset class manage■ Theme 4: To ain our clients’ best interests, we neeto scloseall tra errors to them.Intifytwo inappropriate themes in the partners’ set. Justify your response. Theme 1 is inappropriate because theoptimexecution approamffer asset class, level of securityliquity, ansecurity trang mechanism (orr-iven markets, quote-ivenmarkets, anbrokeremarkets). Green Savannah’s tra policument shoulescrithe factors usein termining how orr cexecutein anoptimmanner for a given scenario.Theme 4 is inappropriate because part ofa suitable polifor the treatment of tra errors, those errors ananyresulting gains/losses neeto scloseto Green Savannah’s compliancepartment ancumentein a tra error log. The priority is to ensureerrors are resolvein a wthprevents aerse impafor the client, notto ensure complete sclosure. 第2点那句话不是太理解。以及第3点,broker需要consistent,意思是broker要采用一致的标准来执行交易,还是指需要用同一个borker?

2023-07-06 16:06 1 · 回答

NO.PZ2021102801000006 问题如下 Karen Swanson anGabriel Russell recentlyco-founGreen SavanSecurities, asset management firm conctingvarious equity anfixeincome strategies. Swanson anRussell are formulatingGreen Savannah’s tra policy. ring a meeting, they agree on initisetof themes regarng tra poliformation:■ Theme 1: We shoultermine optimexecution approaanpply thapproato eaasset class manage■ Theme 2: In aggregating tras for pooleaccounts, any partiallyexecuteorrs neeto allocateon a pro-rata basis.■ Theme 3: The principles behinour process to fina broker shoule consistent across eaasset class manage■ Theme 4: To ain our clients’ best interests, we neeto scloseall tra errors to them.Intifytwo inappropriate themes in the partners’ set. Justify your response. Theme 1 is inappropriate because theoptimexecution approamffer asset class, level of securityliquity, ansecurity trang mechanism (orr-iven markets, quote-ivenmarkets, anbrokeremarkets). Green Savannah’s tra policument shoulescrithe factors usein termining how orr cexecutein anoptimmanner for a given scenario.Theme 4 is inappropriate because part ofa suitable polifor the treatment of tra errors, those errors ananyresulting gains/losses neeto scloseto Green Savannah’s compliancepartment ancumentein a tra error log. The priority is to ensureerrors are resolvein a wthprevents aerse impafor the client, notto ensure complete sclosure. 题中写的是consistent across eaasset class, 不是说不同资产类型之间都是一致的broker么?这为啥是定制化?我认为theme3是不对的。

2023-06-04 13:32 2 · 回答

NO.PZ2021102801000006 有点无从下手,请问这是新增的考点吗?在串讲班的哪里呢?谢谢

2022-03-09 22:20 1 · 回答