X is a Philippine corporation that plans to own and operate an automobile manufacturing facility. X enters into a contract with Y, wherein Y will import the equipment and machinery needed for the facility. As payment for its services, Y will obtain 100 units of the automobiles manufactured by X. The contract described in this example is a type of:

a. Buy-back arrangement

b. Production sharing arrangement

c. Offset transaction

d. Swap arrangement

e. Barter

f. Countertrade

g. Counterpurchase

X is a Philippine corporation that plans to own and operate an airline. X enters into a contract with Y, wherein X will purchase 100 units of aircraft from Y amounting to USD 50 billion, and Y will purchase such units of telecommunications equipment that will be equal to USD 50 billion. The contract described in this example is a type of:

a. Buy-back arrangement

b. Production sharing arrangement

c. Offset transaction

d. Swap arrangement

e. Development agreement

f. Joint venture agreement

g. Licensing agreement

X is a Philippine corporation that plans to own and operate a power plant. Y, a foreign lender bank, provides a USD 50 billion loan to X. The loan has a term of 10 years. On the third year of operation, X has become insolvent and files for bankruptcy. X and Y agreed that instead of paying the outstanding balance of the USD 50 billion loan to Y, the loan will just be converted to shares of stock in X. This is an example of:

a. Buy-back arrangement

b. Production sharing arrangement

c. Direct offset transaction

d. Swap arrangement

e. Indirect offset transaction

f. Joint venture agreement

g. Licensing agreement

On the one hand, X can export corn to Y. On the other hand, Y can export sugar to X. The import agreement on the corn is documented through a "contract of sale of corn" with a price of USD 10 million. The import agreement on the sugar is documented through a "contract of sale of sugar" with a price of USD 10 million. These are two separate contracts. X and Y will not actually exchange money, since the price of the corn import can simply be offset against the price of the sugar import. This is an example of ______, and in order to document this, they enter into a third contract, called the ______.

a. Swap arrangement; swap contract

b. Direct offset transaction; UNCITRAL model contract

c. Indirect offset transaction; UNCITRAL model contract

d. Countertrade; countertrade document

John, the owner of a franchised driving school, electronically pays franchise fees to its franchisor using Electronic Fund Transfer System (EFTS). In this example, EFTS is:

X committed insider trading in the United States. To escape conviction, he went to the Philippines. How can U.S. enforcers arrest and bring X to American jurisdiction?

a. Treaty with the Philippines

b. Convention with the Philippines

c. Memorandum of Understanding with Philippine Government

d. Extra-territorial arrest

Company X has ten renewable power plants producing solar, wind and geothermal energy. It is currently owned by Companies Y and Z. Company X plans to expand its operations by constructing additional twenty power plants. Companies Y and Z can no longer fund the expansion. Hence, Company X approaches an investment bank. What is the role of the investment bank?

a. To underwrite the issuance

b. To conduct bookrunning in the determination of a fair offer price

c. To register the security with the SEC

d. To list the security with the PSE

e. All of the above

f. Some of the above

g. None of the above