[Jan 26, 2022] SOFQ Exam Dumps 100% Same Q&A In Your Real Exam
SOFQ Test Engine Dumps Training With 50 Questions
ICMA SOFQ Exam Syllabus Topics:
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NEW QUESTION 30
The type of organisation that specializes in deposit-taking and cash loans is known as a:
- A. Private bank
- B. Investment bank
- C. Commercial bank
- D. Mutual fund
Answer: C
NEW QUESTION 31
From the perspective of one party to a securities trade, Free of Payment settlement without risk means:
- A. Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty
- B. Simultaneously exchanging securities and cash with the counterparty
- C. Delivering an asset to the counterparty following successful exchange of trade confirmations
- D. Receiving the counterparty's asset before instructing release of the contra asset
Answer: D
NEW QUESTION 32
Within internal books and records, the recording of the trading book on a securities trade facilitates:
- A. Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian
- B. Reconciliation of trading positions, per trading book and per security - between the trading department and operations
- C. Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian
- D. Reconciliation of settled positions, per trading book and per security - between the trading department and operations
Answer: B
NEW QUESTION 33
Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:
- A. Normal Shares
- B. Ordinary Stock
- C. Corporate Shares
- D. Common stock
Answer: D
NEW QUESTION 34
FTM Levy is charged:
- A. On US equity trades where the gross consideration is USD 10,000.00 and below
- B. On UK equity trades where the gross consideration is GBP 10,000.00 and above
- C. On US equity trades -where the gross consideration is in excess of USD 10,000.00
- D. On UK equity trades where the gross consideration is in excess of GBP 10,000.00
Answer: D
NEW QUESTION 35
The following are examples of money market instruments:
- A. Convertible bonds and Mortgage-Backed Securities
- B. Zero coupon bonds and Floating-rate notes
- C. Commercial Paper and Certificate of Deposit
- D. Fixed-rate bonds and Step-up bonds
Answer: C
NEW QUESTION 36
The integrity of internal books & records for securities is proven by ensuring:
- A. The total settled position is equal to the sum of open and closed trades with counterparties
- B. The total settled position is equal to the sum of open trades and trades with a future value date
- C. The total ownership position is equal to the sum of the settled positions plus/minus open trades with counterparties
- D. The total ownership position is equal to the sum of open and closed trades with counterparties
Answer: C
NEW QUESTION 37
The 'settlement cycle' within a securities market refers to the number of days:
- A. Between a security's issue date and the value date of a trade
- B. Between a trade's trade date and its value date
- C. Between the trade date of a trade and the issue date of a security
- D. Between a trade's trade date and the actual settlement date of a trade
Answer: B
NEW QUESTION 38
Bond types that are traded at a deeply discounted price are:
- A. Convertible bonds and Exchangeable bonds
- B. Zero coupon bonds
- C. Fixed rate bonds
- D. Floating rate notes
Answer: B
NEW QUESTION 39
A cash amount of GBP 5,909,658.47 lent on a Thursday until the second Monday (just over 1 week later) at a rate of 2.973%, would attract:
- A. 11 days of interest and a cash interest amount of GBP 5294.89
- B. 7 days of interest and a cash interest amount of GBP 3369.48
- C. 13 days of interest and a cash interest amount of GBP 6344.51
- D. 9 days of interest and a cash interest amount of GBP 4392.35
Answer: A
NEW QUESTION 40
Internal trading systems typically do not:
- A. Have the capability to amend and cancel trades
- B. Have the capability to capture new trades
- C. Hold the firm's current trading positions
- D. Reflect the firm's settled positions at CSDs/custodians
Answer: D
NEW QUESTION 41
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Callable bond
- B. Requestable bond
- C. Demandable bond
- D. Askable bond
Answer: A
NEW QUESTION 42
A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:
- A. A zero interest bond
- B. A zero interest note
- C. A zero coupon bond
- D. A nil interest bond
Answer: C
NEW QUESTION 43
The abbreviation WAC stands for:
- A. Wheel and Calculate
- B. West Against Charge
- C. Wait About Control
- D. Weighted Average Cost
Answer: D
NEW QUESTION 44
IPO' stands for:
- A. Initial Public Offering
- B. International Private Offering
- C. Inclusive Pre Offering
- D. Integrated Post Offering
Answer: A
NEW QUESTION 45
The date on which a securities trade is intended to settle is:
- A. The contractual trade date
- B. The actual settlement date
- C. The value date
- D. The trade date
Answer: C
NEW QUESTION 46
A European country that has not adopted the Euro is:
- A. Slovenia
- B. Slovakia
- C. Norway
- D. Belgium
Answer: C
NEW QUESTION 47
Thefollowing is an inaccurate statement:
- A. Warrants will expire if not exercised by the expiry date
- B. Warrants are detachable from the original security
- C. Warrants have a variable exercise price
- D. Warrants are exercisable by the warrant holder
Answer: C
NEW QUESTION 48
The ISO currency code 'CHF represents:
- A. Ivory Coast Franc
- B. Swiss France
- C. Norwegian Krone
- D. Chinese Renminbi
Answer: B
NEW QUESTION 49
A firm executing a securities trade in the capacity of agency broker intends:
- A. Not to take a securities position, and to remain market risk neutral
- B. Not to take a securities position, and not to remain market risk neutra
- C. To take a securities position, and not to remain market risk neutral
- D. To take a securities position, and to remain market risk neutral
Answer: D
NEW QUESTION 50
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