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Securities Operations Foundation Qualification (SOFQ)

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
    :May 15, 2024

ICMA Securities Operations Foundation SOFQ Questions & Answers

  • Question 21:

    A bond whose coupon rate increases at pre-specified dates and at a pre-specified interest rate is known as:

    A. A floating rate note

    B. A convertible bond

    C. A mortgage-backed security

    D. A step-up bond

  • Question 22:

    The physical substances of natural gas/ barley and zinc fall within the following financial heading:

    A. Cash

    B. Derivatives

    C. Commodities

    D. Securities

  • Question 23:

    The 3 largest centres for foreign exchange trading are:

    A. US, 2) Japan, 3) UK

    B. Hong Kong, 2) UK, 3) US

    C. US, 2) Singapore, 3) UK

    D. UK, 2) US, 3) Singapore

  • Question 24:

    'Sub-custodian' is a term that is applicable to:

    A. International central securities depositories

    B. Global custodians

    C. Local custodians

    D. National central securities depositories

  • Question 25:

    A bond which pays interest semi-annually quotes its interest rate:

    A. Relative to a period of 6 months

    B. Relative to a period of 24 months

    C. Relative to a period of 12 months

    D. Relative to a period of 3 months

  • Question 26:

    Bond types that are traded at a deeply discounted price are:

    A. Floating rate notes

    B. Zero coupon bonds

    C. Convertible bonds and Exchangeable bonds

    D. Fixed rate bonds

  • Question 27:

    DTC - the central securities depository for US equities is the abbreviation for:

    A. Depository Trust Company

    B. Depot Transaction

    C. Deposit and Trade Conglomerate

    D. Depot for Trades Corporation

  • Question 28:

    A European country that has not adopted the Euro is:

    A. Belgium

    B. Slovakia

    C. Slovenia

    D. Norway

  • Question 29:

    An example of an organisation classified as a sovereign wealth fund is:

    A. United Nations

    B. Xerox Corporation

    C. German Government

    D. China Investment Corporation

  • Question 30:

    The integrity of internal books and records for securities is proven by ensuring:

    A. The total ownership 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 settled position is equal to the sum of open and closed trades with counterparties

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