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Exam Code : SOFQ
Exam Name : Securities Operations Foundation Qualification (SOFQ)
Vendor Name : "ICMA"







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ICMA


SOFQ


Securities Operations Foundation Qualification (SOFQ)


https://killexams.com/pass4sure/exam-detail/SOFQ


Question: 165


A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:


  1. Demandable bond

  2. Callable bond

  3. Requestable bond

  4. Askable bond




Answer: B
Question: 166

Within internal books and records, the recording of the trading book on a securities trade facilitates:


  1. Reconciliation of settled positions, per trading book and per security - between the trading department and operations

  2. Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian

  3. Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian

  4. Reconciliation of trading positions, per trading book and per security - between the trading department and operations




Answer: D
Question: 167

The divisors applicable to the calculation of bank interest are:


A. EUR = 360, USD = 360, GBP = 365 B. EUR = 365, USD = 360, GBP = 365 C. EUR = 365, USD = 365, GBP = 360 D. EUR = 360, USD = 365, GBP = 360




Answer: A
Question: 168

The market in which debt is issued over the long-term describes:


  1. The money market

  2. The foreign exchange market

  3. The capital market

  4. The equity market




Answer: C
Question: 169

The two choices for the settlement method utilised within a securities market are:


  1. 'Account Settlement1 and Tumbling Settlement'

  2. Tumbling Settlement' and 'Continuing Settlement'

  3. 'Continuing Settlement 'and' Account Settlement'

  4. 'Rolling Settlement' and 'Account Settlementâ




Answer: D
Question: 170

The date on which a securities trade is intended to settle is:


  1. The actual settlement date

  2. The contractual trade date

  3. The value date

  4. The trade date




Answer: C
Question: 171

The following are examples of money market instruments:


  1. Zero coupon bonds and Floating-rate notes

  2. Convertible bonds and Mortgage-Backed Securities

  3. Fixed-rate bonds and Step-up bonds

  4. Commercial Paper and Certificate of Deposit




Answer: D
Question: 173

Thefollowing is an inaccurate statement:


  1. Warrants have a variable exercise price

  2. Warrants are exercisable by the warrant holder

  3. Warrants will expire if not exercised by the expiry date

  4. Warrants are detachable from the original security




Answer: A
Question: 174

The type of organisation that provides securities underwriting services is known as a


  1. Investment bank

  2. Insurance company

  3. Commercial bank

  4. Pension fund




Answer: A
Question: 175

The Clearstream Group includes:


  1. The ICSD 'Clearstream Banking Paris' and the NSCD 'Clearstream Banking Munich'

  2. The ICSD 'Clearstream Banking Brussels' and the NCSD 'Clearstream Banking Berlin'

  3. The ICSD 'Clearstream Banking Luxembourg' and the NSCD 'Clearstream Banking Frankfurt'

  4. The ICSD 'Clearstream Banking Amsterdam' and the NSCD 'Clearstream Banking Luxembourg'




Answer: C