AFEAccredited Financial Examiner
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Last Updated May 13, 2024 Ace your exams with our consistently updated AFE exam dumps.
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Sales of securities are recorded as of the trade date. A receivable due from the broker is established in instances when a security has been sold, but the proceeds from the sale have not been received. Receivable for securities not received within settlement date are non-admitted, and are classified as other than invested assets.
A. 15 days
B. 30 days
C. 35 days
D. 90 days
Selling a stream of contingent revenues to another party, at a discount to the expected value is called:
A. Prioritized investment
B. Reinsurance
C. Profit
D. Securitization.
The contracts that are not subject to unilateral changes in its provision and requires the performance of various functions and services for an extended period is called:
A. Short-duration
B. Long-duration
C. Medium-duration
D. Fixed-duration
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