Pass ICMA Securities Operations Foundation Qualification (SOFQ) Exam in First Attempt Guaranteed Updated Dump from Free4Torrent!
Pass SOFQ Exam with 50 Questions - Verified By Free4Torrent
NEW QUESTION 19
From the perspective of one party to a securities trade, Free of Payment settlement without risk means:
- A. Receiving the counterparty's asset before instructing release of the contra asset
- B. Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty
- C. Delivering an asset to the counterparty following successful exchange of trade confirmations
- D. Simultaneously exchanging securities and cash with the counterparty
Answer: A
NEW QUESTION 20
Bond types that are traded at a deeply discounted price are:
- A. Fixed rate bonds
- B. Floating rate notes
- C. Zero coupon bonds
- D. Convertible bonds and Exchangeable bonds
Answer: C
NEW QUESTION 21
A bond whose coupon rate increases at pre-specified dates and at a pre-specified interest rate is known as:
- A. A mortgage-backed security
- B. A convertible bond
- C. A step-up bond
- D. A floating rate note
Answer: C
NEW QUESTION 22
The calculation of profit and loss for securities includes:
- A. Realised (potential) P&Land Unrealised (actual) P&L
- B. Realised (predicted) P&L and Unrealised (likely) P&L
- C. Realised (actual) P&Land Unrealised (potential) P&L
- D. Realised (projected) P&L and Unrealised (authentic) P&L
Answer: C
NEW QUESTION 23
'ISO' stands for:
- A. Intercontinental Symposium of Organisations
- B. Intraterritorial Organisation of Securities
- C. International Organisation for Standardisation
- D. Invention of Standards for Organisations
Answer: C
NEW QUESTION 24
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. 141 days and USD 770,212.50
- B. 171 days and USD 934,087-50
- C. 174 days and USD 950,475.00
- D. 144 days and USD 786,600.00
Answer: D
NEW QUESTION 25
The Clearstream Group includes:
- A. The ICSD 'Clearstream Banking Amsterdam' and the NSCD 'Clearstream Banking Luxembourg'
- B. The ICSD 'Clearstream Banking Brussels' and the NCSD 'Clearstream Banking Berlin'
- C. The ICSD 'Clearstream Banking Paris' and the NSCD 'Clearstream Banking Munich'
- D. The ICSD 'Clearstream Banking Luxembourg' and the NSCD 'Clearstream Banking Frankfurt'
Answer: D
NEW QUESTION 26
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Demandable bond
- B. Callable bond
- C. Askable bond
- D. Requestable bond
Answer: B
NEW QUESTION 27
The type of organisation that provides securities underwriting services is known as a
- A. Investment bank
- B. Commercial bank
- C. Pension fund
- D. Insurance company
Answer: A
NEW QUESTION 28
Where Firm A has borrowed a fixed cash amount on a secured basis from Firm B, an increase in the collateral value means that:
- A. Firm B has exposure and must request the return of collateral from Firm A
- B. FirmB has exposure and must request additional collateral from Firm A
- C. Firm A has exposure and must return some collateral to Firm B
- D. Firm A has exposure and must request the return of some collateral from Firm B
Answer: D
NEW QUESTION 29
The divisors applicable to the calculation of bank interest are:
- A. EUR = 365, USD = 360, GBP = 365
- B. EUR = 360, USD = 365, GBP = 360
- C. EUR = 365, USD = 365, GBP = 360
- D. EUR = 360, USD = 360, GBP = 365
Answer: D
NEW QUESTION 30
Within internal books and records, the recording of the trading book on a securities trade facilitates:
- A. Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian
- B. Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian
- C. Reconciliation of settled positions, per trading book and per security - between the trading department and operations
- D. Reconciliation of trading positions, per trading book and per security - between the trading department and operations
Answer: D
NEW QUESTION 31
An example of an organisation classified as a sovereign wealth fund is:
- A. United Nations
- B. Xerox Corporation
- C. China Investment Corporation
- D. German Government
Answer: C
NEW QUESTION 32
The ISIN stands for:
- A. International Securities Identification Number; a 12-character alpha-numeric code
- B. International Secondary ID Notation; a 13-character alpha-numeric code
- C. International Secondary ID Notation; a 12-character alpha-numeric code
- D. International Securities Identification Number; a 13-character alpha-numeric code
Answer: A
NEW QUESTION 33
Accrued interest is designed to:
- A. Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date
- B. Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date
- C. Compensate the seller of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date
- D. Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date
Answer: C
NEW QUESTION 34
On a scale of 1,500,000 Microsoft Corporation shares at a price of USD 3.78 per share, the SEC Fee payable is::
- A. USD 189.00
- B. USD 1.89
- C. USD 1890.00
- D. USD 18.90
Answer: A
NEW QUESTION 35
The price of a bond trade which excludes accrued interest is known as:
- A. A clean price
- B. A dirty price
- C. A fresh price
- D. A cloudy price
Answer: A
NEW QUESTION 36
The date on which a securities trade is intended to settle is:
- A. The actual settlement date
- B. The contractual trade date
- C. The trade date
- D. The value date
Answer: D
NEW QUESTION 37
The market in which debt is issued over the long-term describes:
- A. The money market
- B. The equity market
- C. The foreign exchange market
- D. The capital market
Answer: D
NEW QUESTION 38
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. To take a securities position, and not to remain market risk neutral
- C. To take a securities position, and to remain market risk neutral
- D. Not to take a securities position, and not to remain market risk neutra
Answer: C
NEW QUESTION 39
......
Penetration testers simulate SOFQ exam: https://www.free4torrent.com/SOFQ-braindumps-torrent.html