[Dec-2021] Updated Securities Operations Foundation SOFQ Exam Questions BUNDLE PACK
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NEW QUESTION 30
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 31
'ISO' stands for:
- A. Invention of Standards for Organisations
- B. Intraterritorial Organisation of Securities
- C. International Organisation for Standardisation
- D. Intercontinental Symposium of Organisations
Answer: C
NEW QUESTION 32
A 'put' option on a bond allows:
- A. The bondholder to redeem their bonds prior to the bond's scheduled maturity date
- B. The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date
- C. The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date
- D. The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date
Answer: A
NEW QUESTION 33
A European country that has not adopted the Euro is:
- A. Slovenia
- B. Slovakia
- C. Norway
- D. Belgium
Answer: C
NEW QUESTION 34
The ISIN stands for:
- A. International Secondary ID Notation; a 13-character alpha-numeric code
- B. International Secondary ID Notation; a 12-character alpha-numeric code
- C. International Securities Identification Number; a 13-character alpha-numeric code
- D. International Securities Identification Number; a 12-character alpha-numeric code
Answer: D
NEW QUESTION 35
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 36
A S.W.I.FT. MT541 instructs a custodian to:
- A. Deliver securities on a Free of Payment basis
- B. Receive securities on a Delivery versus Payment basis
- C. Deliver securities on a Delivery versus Payment basis
- D. Receive securities on a Free of Payment basis
Answer: B
NEW QUESTION 37
The price of a bond trade which excludes accrued interest is known as:
- A. A cloudy price
- B. A clean price
- C. A fresh price
- D. A dirty price
Answer: B
NEW QUESTION 38
The market in which debt is issued over the long-term describes:
- A. The capital market
- B. The money market
- C. The foreign exchange market
- D. The equity market
Answer: A
NEW QUESTION 39
Within the security entitled 'Exxon Mobil Corporation USD 1.00 Common Stock', the 'USD 1.00' is commonly known as the:
- A. share size
- B. par value
- C. issue value
- D. notional quantity
Answer: B
NEW QUESTION 40
'Sub-custodian' is a term that is applicable to:
- A. Local custodians
- B. Global custodians
- C. National central securities depositories
- D. International central securities depositories
Answer: B
NEW QUESTION 41
A S.W.I.FT. 'Bank Identifier Code' comprises::
- A. A bank code, a country code and a location code
- B. A region code, a country code and a city code
- C. A bank code, a continent code and a currency code
- D. A continent code, a country code and a municipality code
Answer: A
NEW QUESTION 42
The number of days of accrued interest, and the cash value of accrued interest - on a trade of USD 45,000,000 World Bank 4.37% Bonds 1st December 2032, paying interest semi-annually on 1st December and Ist June, trade date 22~d October, value date 25tl October, is:
- A. 174 days and USD 950,475.00
- B. 144 days and USD 786,600.00
- C. 171 days and USD 934,087-50
- D. 141 days and USD 770,212.50
Answer: B
NEW QUESTION 43
The physical substances of natural gas/ barley and zinc fall within the following financial heading:
- A. Commodities
- B. Derivatives
- C. Securities
- D. Cash
Answer: A
NEW QUESTION 44
The two choices for the settlement method utilised within a securities market are:
- A. 'Account Settlement1 and Tumbling Settlement'
- B. 'Continuing Settlement'and'Account Settlement'
- C. Tumbling Settlement' and 'Continuing Settlement'
- D. 'Rolling Settlement' and 'Account Settlement'
Answer: D
NEW QUESTION 45
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ICMA SOFQ Exam Syllabus Topics:
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