SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Practice Questions - SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Exam - SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Practice Questions - SEC Phase 2-7B Equities Securities Salesman (ESS) Exam

Question 1

During the pre-open phase of the Philippine Stock Exchange (PSE) trading day, what is the rule regarding order cancellation and modification between 09:15 AM and 09:30 AM?

Orders can be cancelled or modified freely without any restrictions. Order cancellation and modification are strictly prohibited during this time. Only order modification is allowed, but cancellations are prohibited. Only cancellations are allowed, but modifications are prohibited.

Correct Answer:

Order cancellation and modification are strictly prohibited during this time.

Question 2

At what time does the regular trading session of the Philippine Stock Exchange (PSE) resume after the daily market recess?

12:30 PM PST 01:00 PM PST 01:30 PM PST 02:00 PM PST

Correct Answer:

01:00 PM PST

Question 3

What is the standard settlement cycle (T+X) for equity transactions executed on the Philippine Stock Exchange (PSE)?

T+1 (Transaction date plus one business day) T+3 (Transaction date plus three business days) T+5 (Transaction date plus five business days) T+2 (Transaction date plus two business days)

Correct Answer:

T+2 (Transaction date plus two business days)

Question 4

Which entity acts as the central securities depository for equities traded on the Philippine Stock Exchange (PSE), providing book-entry settlement?

Philippine Depository and Trust Corporation (PDTC) Securities Clearing Corporation of the Philippines (SCCP) Capital Markets Integrity Corporation (CMIC) Securities and Exchange Commission (SEC)

Correct Answer:

Philippine Depository and Trust Corporation (PDTC)

Question 5

During which daily trading phase on the Philippine Stock Exchange (PSE) are matched orders executed specifically at the final closing price?

Pre-close phase (02:45 PM – 02:48 PM) Continuous trading session (01:00 PM – 02:45 PM) Run-off / Trading-at-last phase (02:50 PM – 03:00 PM) Pre-open phase (09:00 AM – 09:15 AM)

Correct Answer:

Run-off / Trading-at-last phase (02:50 PM – 03:00 PM)

Question 1

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Prepare with the SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Practice Questions - SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Exam practice quiz. This question bank includes 100 questions covering stock, client, philippine, trading, and order. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Practice Questions - SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Exam

This practice set contains 100 questions from the matching question bank and focuses on stock, client, philippine, trading, and order. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Practice Questions - SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Exam

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