SOFQ Securities Operations Foundation Qualification (SOFQ)

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ICMA · SOFQ

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Question 1

Single choice

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

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Correct answerC

Question 2

Single choice

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

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Correct answerD

Question 3

Single choice

IPO' stands for:

A
International Private Offering
B
Inclusive Pre Offering
C
Initial Public Offering
D
Integrated Post Offering

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Correct answerC

Question 4

Single choice

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

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Correct answerB

Question 5

Single choice

The 'settlement cycle' within a securities market refers to the number of days:

A
Between a trade's trade date and the actual settlement date of a trade
B
Between a security's issue date and the value date of a trade
C
Between a trade's trade date and its value date
D
Between the trade date of a trade and the issue date of a security

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Correct answerC

Question 6

Single choice

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

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Correct answerD

Question 7

Single choice

The abbreviation WAC stands for:

A
Wheel and Calculate
B
Weighted Average Cost
C
West Against Charge
D
Wait About Control

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Correct answerB

Question 8

Single choice

Internal trading systems typically do not:

A
Reflect the firm's settled positions at CSDs/custodians
B
Have the capability to capture new trades
C
Hold the firm's current trading positions
D
Have the capability to amend and cancel trades

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Correct answerA