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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 31:

    The type of organisation that specializes in deposit-taking and cash loans is known as a:

    A. Mutual fund

    B. Commercial bank

    C. Investment bank

    D. Private bank

  • Question 32:

    The ISO currency code 'CHF represents:

    A. Ivory Coast Franc

    B. Chinese Renminbi

    C. Swiss France

    D. Norwegian Krone

  • Question 33:

    From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

    A. Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

    B. Simultaneously exchanging securities and cash with the counterparty

    C. Delivering an asset to the counterparty following successful exchange of trade confirmations

    D. Receiving the counterparty's asset before instructing release of the contra asset

  • Question 34:

    Grey market trading refers to:

    A. Trading of equity and bonds by investors aged 65 and over at the start of the tax year

    B. Trading in convertible and exchangeable bonds prior to their conversion

    C. Trading in corporate bonds following the bondholder's decision to take-up a put option

    D. Trading in a new issue of bonds by parties not involved in the syndication process

  • Question 35:

    The calculation of profit and loss for securities includes:

    A. Realised (potential) PandLand Unrealised (actual) PandL

    B. Realised (projected) PandL and Unrealised (authentic) PandL

    C. Realised (predicted) PandL and Unrealised (likely) PandL

    D. Realised (actual) PandLand Unrealised (potential) PandL

  • Question 36:

    The term 'SSI' stands for:

    A. Standing Settlement Instruction

    B. Standard Securities Instruction

    C. Settlement Standard Instruction

    D. Securities Standing Instruction

  • Question 37:

    The ISIN stands for:

    A. International Securities Identification Number; a 13-character alpha-numeric code

    B. International Secondary ID Notation; a 13-character alpha-numeric code

    C. International Securities Identification Number; a 12-character alpha-numeric code

    D. International Secondary ID Notation; a 12-character alpha-numeric code

  • Question 38:

    IPO' stands for:

    A. International Private Offering

    B. Inclusive Pre Offering

    C. Initial Public Offering

    D. Integrated Post Offering

  • Question 39:

    A cash amount of GBP 5,909,658.47 lent on a Thursday until the second Monday (just over 1 week later) at a rate of 2.973%, would attract:

    A. 7 days of interest and a cash interest amount of GBP 3369.48

    B. 9 days of interest and a cash interest amount of GBP 4392.35

    C. 13 days of interest and a cash interest amount of GBP 6344.51

    D. 11 days of interest and a cash interest amount of GBP 5294.89

  • Question 40:

    Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:

    A. Common stock

    B. Corporate Shares

    C. Normal Shares

    D. Ordinary Stock

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