Exam Details

  • Exam Code
    :SOFQ
  • Exam Name
    :Securities Operations Foundation Qualification (SOFQ)
  • Certification
    :Securities Operations Foundation
  • Vendor
    :ICMA
  • Total Questions
    :50 Q&As
  • Last Updated
    :

ICMA Securities Operations Foundation SOFQ Questions & Answers

  • Question 11:

    Within the security entitled 'Exxon Mobil Corporation USD 1.00 Common Stock', the 'USD 1.00' is commonly known as the:

    A. issue value

    B. par value

    C. notional quantity

    D. share size

  • Question 12:

    The number of days of accrued interest, and the cash value of accrued interest - on a trade of GBP 30,500,000 Barclays Bank GBP Floating Rate Notes November 2028, paying interest quarterly - the current coupon rate is 3.7162% for the period 21s' November to November 21s' February, trade date 3rd February, value date 5th February, is:

    A. 45 days and GBP 139,739.30

    B. 76 days and GBP 236,004.15

    C. 107 days and GBP 336,883.85

    D. 45 days and GBP 141,680.12

  • Question 13:

    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. 144 days and USD 786,600.00

    B. 174 days and USD 950,475.00

    C. 141 days and USD 770,212.50

    D. 171 days and USD 934,087-50

  • Question 14:

    A firm executing a securities trade in the capacity of agency broker intends:

    A. 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. Not to take a securities position, and to remain market risk neutral

    D. To take a securities position, and not to remain market risk neutral

  • Question 15:

    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 A has exposure and must return some collateral to Firm B

    B. FirmB has exposure and must request additional collateral from Firm A

    C. Firm B has exposure and must request the return of collateral from Firm A

    D. Firm A has exposure and must request the return of some collateral from Firm B

  • Question 16:

    A S.W.I.FT. 'Bank Identifier Code' comprises::

    A. A region code, a country code and a city code

    B. A bank code, a country code and a location code

    C. A continent code, a country code and a municipality code

    D. A bank code, a continent code and a currency code

  • Question 17:

    The price of a bond trade which excludes accrued interest is known as:

    A. A dirty price

    B. A fresh price

    C. A clean price

    D. A cloudy price

  • Question 18:

    A S.W.I.FT. MT541 instructs a custodian to:

    A. Receive 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. Deliver securities on a Free of Payment basis

  • Question 19:

    The US regulator 'SEC stands for:

    A. Securities Exchange Corporation

    B. Securities Enterprise Conglomerate

    C. Securities and Exchange Commission

    D. Securities Endeavour Company

  • Question 20:

    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 1.89

    B. USD 18.90

    C. USD 189.00

    D. USD 1890.00

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