CRM QUIZ

Which type of investment portfolio is required as security for an IBL Loan?

• A - Any Investment Portfolio

• B - Any PCS Investment Portfolio

• C - A PCS Bespoke Portfolio

• D - A PCS Model-assigned Portfolio

• E - C or D

What is the maximum term of an IBL Loan?

• A - 2 to 5 years

• B - 12 Months

• C - 12 Months, with the option to roll over an unlimited number of times

How much time does a client have to remediate a margin call event?

• A - 1 day

• B - 72 hours

• C - 24 hours

• D - As much time as the client needs to gather the funds 

In what ways can a margin call even be remediated?

• A - Through a cash settlement of a portion of the loan by the client

• B - Through top up of ceded portfolio with cash or other securities

• C - Through sale of the instruments in the trading account to reduce outstanding balance of loan

• D - A or B or C

Is portfolio switching permitted for the client?

• A - Yes, provided that the switch results in the portfolio being a discretionary bespoke or model-assigned portfolio

• B - No, under no circumstances is portfolio switching permitted

How many distribution options are available for the client?

• A - There are 3 distribution options available for pricing the loan

• B – No options, the interest rate is determined by IBL credit function based on the clients credit worthiness

• C – There are 2 distribution options available

How long does it take to approve and disburse funds to a client after application?

• A - As long as is required

• B - A maximum of 5 days

•       C- 2 Weeks

If the application is approved, which other document/s are needed for the client to sign and return to the IBL team before the funds are disbursed?

• A- an official loan agreement

• B- quotation and pre-agreement form

• C- quotation and pre-agreement, and thereafter an official loan agreement

• D- none- the application form was the only document the client needed to sign

How will Client queries regarding the IBL loan facility be handled?

• A- They are directed to the CRM and communicated by CRM to the IBL team’s mailbox (if need be).

• B- All client queries must be handled by the CRM’s.

• C- All client queries can be directed to the portfolio managers.

What is the minimum and maximum loan amount that a client can request?

• A- Minimum of R100 000 and maximum of R3 000 000

• B- Minimum of R200 000 and maximum of R20 000 000

• C- Any amount- as long as the client has met credit worthiness checks done by the IBL team.