CGFO Treasury

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Author:
Mapleleaf1
ID:
238428
Filename:
CGFO Treasury
Updated:
2013-10-06 13:47:43
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CGFO Treasury
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Description:
CGFO exam review
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  1. How many section(s) does CHAPTER 218, PART IV - INVESTMENT OF LOCAL
    GOVERNMENT SURPLUS FUNDS contain?
    3 sections

    • 218.403 – Definitions
    • 218.407 - Local government investment authority
    • 218.415 – Local government investment policies
  2. LOCAL GOVERNMENT INVESTMENT POLICIES
    Authorized Investments, Written Policy includes
    • SEC Registered Money Market Funds – AAA Rated
    • • Authorized Investment Pools – SBA
    • • CDs or Savings Accounts from QPDs
    • • Direct Obligations of the US Treasury
    • • Federal Agencies & Instrumentalities
    • • Israel Bonds
    • • Registered Investment Company or Trust
    • • OTHER
  3. How many investment component are there
    and what are they?
    • 11
    • 1)Setting investment objectives
    • 2)Implementing internal controls
    • 3)Identifying and managing investment assets
    • 4)Selecting and purchasing investments
    • 5)Staffing
    • 6)Investment Policy 
    • 7)Recording and accounting for investments 8)Monitoring the portfolio
    • 9)Developing cash flows
    • 10)Performing broker-dealer due diligence 
    • 11)Evaluating and reporting results
  4. What is an investment policy?
    A concise and clear statement of the objectives and parameters formulated by an investor or investment manager for a portfolio of investment securities
  5. What are the general objective of investment?
    • Safety
    • Liquidity
    • Yield
    • Local Consideration
  6. What does AEPA stand for?
    • Applicability
    • Exclusions 
    • Pooling of funds 
    • Arbitrage
  7. What is passive management strategy?
    Minimizes the training and labor effort to attain market - average portfolio performance
  8. What are some types of passive investment?
    • Managed assets 
    • Laddered maturities 
    • Horizon investing 
    • Rolling T-bills
  9. What is active management investment?
    increase portfolio performance by exceeding market average rate of return
  10. What are examples of active investment?
    • Market-timing 
    • Money-market arbitrage 
    • Downgrade investment quality 
    • Swaps 
    • Yield curve analysis

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