QUESTION 25

Which of the following statements concerningPERLSX capital notesiscorrect?

A.A capital trigger can be initiated if the issuing bank has insufficient common equity tier 1.

B.Trigger events can happen before the issue date.

C.Trigger events will result in conversion of capital notes to sharesonly if the mandatory exchange conditions are met.

D.Trigger events can only be initiated before the call date.

E.The RBA can initiate a trigger event.

QUESTION 24

For the purchase of a share,______________________________.

A.the ownership of the share is transferred at the time the order finds a match

B.the trade is two days after the order finds a match

C.the paymentis made at the time the order finds a match

D.the registry is updated two days after the trade

E.All of the above statements are incorrect