Canadian Securities Course Exam 1
Robo-Advisors
- Currently Have $45 Billion Dollars in Assets
- Online Investment Service
Self-Regulatory Organizations
- IIROC - Investment Industry Regulatory Organization Of Canada
- MFDA - Mutual Funds Dealers Association
Canadian Investor Protection Fund
- Canadian Investor Protection Fund
- Provides Insurance Against Dealer Insolvency
Types Of Investment Dealers
- Retail Firms
- Institutional Firms
- Integrated Firms
Retail Firms
- Full Service Investment Dealers and Self-Directed Brokers
- Offers a Wide Variety Of Products And Services For The Retail investor
Institutional Firms
- Investment Dealers That Serve Exclusively Institutional Clients
- Organizations that Trade Large Volumes Of Securities. These Include Pension Plans
and Mutual Funds
Integrated Firms
- Full Service Firm
- Offers a Wide Variety Of Products an Services Across The Industry and Participate
Fully In Both Retail And Institutional Markets.
Organizations Within Firms
- Management
- Front Office
- Middle Office
- Back Office
Front Office
- All Functions Pertaining To Portfolio Management
- Trading
- Sales
- Marketing
Middle Office
- Performing Functions Critical To The Efficient Operation Of The Firm
- Compliance
- Accounting
, - Audits
- Legalities
Back Office
- Settles Security Transactions
Principle Transactions (Acting As A Principle)
- Owns The Securities As Part Of Their Inventory
- Underwriting - Uses Own Capital to Buy And Sell At A Profit
Underwriting
Use Own Capital To Buy And Sell At A Profit
Agency Transactions (Acting As An Agent)
- Does Not Own the Securities
- Acts On Behalf Of Buyers Or Sellers
- Profit Is From Commission
Schedule i Charter Banks
- Fully Owned and Operated As Canadian Banks
- Domestic
- Canada's Six largest Banks
- Bank Of Montreal (BMO)
- Canadian Imperial Bank Of Commerce (CIBC)
- Royal Bank Of Canada (RBC)
- The Bank OF Nova Scotia
- Toronto-Dominion Bank (TD Bank)
- National Bank
Schedule ii Banks
- Incorporated And Operated In Canada As Federally Regulated Foreign Bank
Subsidiaries
Examples:
- AMEX Bank Of Canada
- CitiBank Canada
- UBS Bank
Schedule iii Banks
- Are Federally Regulated Foreign Bank Branches That Have Been Allowed to Do
Banking Business In Canada Under The Bank Act.
Examples:
- Barclays Bank
- The Bank Of New York Mellon
Sources And Users Of Capital
- Individuals
- Domestic and Foreign
- Businesses
- Stocks and Bonds
- Governments
Robo-Advisors
- Currently Have $45 Billion Dollars in Assets
- Online Investment Service
Self-Regulatory Organizations
- IIROC - Investment Industry Regulatory Organization Of Canada
- MFDA - Mutual Funds Dealers Association
Canadian Investor Protection Fund
- Canadian Investor Protection Fund
- Provides Insurance Against Dealer Insolvency
Types Of Investment Dealers
- Retail Firms
- Institutional Firms
- Integrated Firms
Retail Firms
- Full Service Investment Dealers and Self-Directed Brokers
- Offers a Wide Variety Of Products And Services For The Retail investor
Institutional Firms
- Investment Dealers That Serve Exclusively Institutional Clients
- Organizations that Trade Large Volumes Of Securities. These Include Pension Plans
and Mutual Funds
Integrated Firms
- Full Service Firm
- Offers a Wide Variety Of Products an Services Across The Industry and Participate
Fully In Both Retail And Institutional Markets.
Organizations Within Firms
- Management
- Front Office
- Middle Office
- Back Office
Front Office
- All Functions Pertaining To Portfolio Management
- Trading
- Sales
- Marketing
Middle Office
- Performing Functions Critical To The Efficient Operation Of The Firm
- Compliance
- Accounting
, - Audits
- Legalities
Back Office
- Settles Security Transactions
Principle Transactions (Acting As A Principle)
- Owns The Securities As Part Of Their Inventory
- Underwriting - Uses Own Capital to Buy And Sell At A Profit
Underwriting
Use Own Capital To Buy And Sell At A Profit
Agency Transactions (Acting As An Agent)
- Does Not Own the Securities
- Acts On Behalf Of Buyers Or Sellers
- Profit Is From Commission
Schedule i Charter Banks
- Fully Owned and Operated As Canadian Banks
- Domestic
- Canada's Six largest Banks
- Bank Of Montreal (BMO)
- Canadian Imperial Bank Of Commerce (CIBC)
- Royal Bank Of Canada (RBC)
- The Bank OF Nova Scotia
- Toronto-Dominion Bank (TD Bank)
- National Bank
Schedule ii Banks
- Incorporated And Operated In Canada As Federally Regulated Foreign Bank
Subsidiaries
Examples:
- AMEX Bank Of Canada
- CitiBank Canada
- UBS Bank
Schedule iii Banks
- Are Federally Regulated Foreign Bank Branches That Have Been Allowed to Do
Banking Business In Canada Under The Bank Act.
Examples:
- Barclays Bank
- The Bank Of New York Mellon
Sources And Users Of Capital
- Individuals
- Domestic and Foreign
- Businesses
- Stocks and Bonds
- Governments
