Page 42 - CAPE Financial Services Syllabus Macmillan_Neat
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UNIT 2
MODULE 1: THE FINANCIAL SERVICES ENVIRONMENTS (cont’d)
SPECIFIC OBJECTIVES CONTENT
Students should be able to:
(d) The difference between OTC and
8. explain the importance of trusts in organised exchange.
financial services;
(e) The process of resale of derivatives in
9. explain the importance of Special secondary markets.
Purpose Vehicles (SPV)/ Special
Purpose Entries in the financial (a) Trusts.
services environment;
(b) Outline the legal process in the
10. state the relationship between creation of trusts.
cyber security and financial
centres; and, (c) The main parties involved in setting up
and administering trusts.
(d) The role of trustees.
(e) The purposes and types of trusts in
offshore banking: Privacy, Spendthrift
protection, Wills and estate planning,
Charities, Unit trusts, Pension plans,
Asset protection, Tax planning,
Revocable, Irrevocable, Special Needs,
Totten, Tax evasion, and Money
laundering;
(f) The case of Saunders versus Vantier
regarding trust agreements.
(a) Special Purpose Vehicles (SPV).
(b) The purpose of a SPV.
(a) Meaning of cyber security.
(b) Institutions that monitor online
transactions.
(c) Cyber risks:
(i) cyber war;
(ii) cybercrime; and,
(iii) cyber terror.
CXC A38/U2/16 37
