Câu 118: CRCM: Certified Regulatory Compliance Manager

Which of the following credit arrangements would most likely be considered a purpose credit because it is indirectly secured by margin stock?

1. A. A loan made to purchase margin stock secured by nonmargin stock
2. B. A loan made to a company for various corporate purposes, including the purchase of margin stock, secured by the corporate assets, which from time to time include margin stock; on the date of the consummation of the transaction approximately 10 percent of the assets of the company are margin stock
3. C. A loan made to purchase margin stock, guaranteed by an individual who has pledged margin stock as security for the guarantee — đáp án hiện tại
4. D. Bank is the trustee for a qualified pension plan from which the participants may borrow and use their interest in the plan as security; a participant borrows money for the purpose of purchasing margin stock