GIPS Flashcards
1
Q
What is included in Trading Expenses?
A
- Brokerage commissions
- Exchange fees
- Bid - Offer Spread
- Taxes
- Custodial fees NOT INCLUDED
2
Q
Disclosures required for Derivatives
A
- Use and extent of leverage
- Short position if material
- Frequency of use of derivatives
- Characteristics of the derivatives in order to be able to identify risks
- Decompostion of risk factors NOT REQUIRED
