Unique Top-selling SOFQ Exams - New 2022 ICMA Pratice Exam
Securities Operations Foundation Dumps SOFQ Exam for Full Questions - Exam Study Guide
ICMA SOFQ Exam Syllabus Topics:
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NEW QUESTION 17
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 following successful exchange of trade confirmations
- C. Simultaneously exchanging securities and cash with the counterparty
- D. Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty
Answer: A
NEW QUESTION 18
The term 'SSI' stands for:
- A. Standard Securities Instruction
- B. Standing Settlement Instruction
- C. Securities Standing Instruction
- D. Settlement Standard Instruction
Answer: B
NEW QUESTION 19
FTM Levy is charged:
- A. On UK equity trades where the gross consideration is in excess of GBP 10,000.00
- B. On US equity trades where the gross consideration is USD 10,000.00 and below
- C. On UK equity trades where the gross consideration is GBP 10,000.00 and above
- D. On US equity trades -where the gross consideration is in excess of USD 10,000.00
Answer: A
NEW QUESTION 20
The US regulator 'SEC stands for:
- A. Securities Exchange Corporation
- B. Securities Enterprise Conglomerate
- C. Securities Endeavour Company
- D. Securities and Exchange Commission
Answer: D
NEW QUESTION 21
A European country that has not adopted the Euro is:
- A. Slovakia
- B. Belgium
- C. Norway
- D. Slovenia
Answer: C
NEW QUESTION 22
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 23
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 seller 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 earner, (but not paid) relating to the next coupon payment date
- D. Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date
Answer: B
NEW QUESTION 24
DTC - the central securities depository for US equities is the abbreviation for:
- A. Depot Transaction
- B. Depository Trust Company
- C. Deposit and Trade Conglomerate
- D. Depot for Trades Corporation
Answer: B
NEW QUESTION 25
The ISIN stands for:
- A. International Securities Identification Number; a 13-character alpha-numeric code
- B. International Secondary ID Notation; a 12-character alpha-numeric code
- C. International Secondary ID Notation; a 13-character alpha-numeric code
- D. International Securities Identification Number; a 12-character alpha-numeric code
Answer: D
NEW QUESTION 26
The 3 largest centres for foreign exchange trading are:
- A. Hong Kong, 2) UK, 3) US
- B. UK, 2) US, 3) Singapore
- C. US, 2) Japan, 3) UK
- D. US, 2) Singapore, 3) UK
Answer: B
NEW QUESTION 27
A S.W.I.FT. 'Bank Identifier Code' comprises::
- A. A bank code, a country code and a location code
- B. A bank code, a continent code and a currency code
- C. A continent code, a country code and a municipality code
- D. A region code, a country code and a city code
Answer: A
NEW QUESTION 28
The physical substances of natural gas/ barley and zinc fall within the following financial heading:
- A. Derivatives
- B. Securities
- C. Cash
- D. Commodities
Answer: D
NEW QUESTION 29
An example of an organisation classified as a sovereign wealth fund is:
- A. China Investment Corporation
- B. German Government
- C. United Nations
- D. Xerox Corporation
Answer: A
NEW QUESTION 30
Bond types that are traded at a deeply discounted price are:
- A. Zero coupon bonds
- B. Floating rate notes
- C. Convertible bonds and Exchangeable bonds
- D. Fixed rate bonds
Answer: A
NEW QUESTION 31
The divisors applicable to the calculation of bank interest are:
- A. EUR = 365, USD = 360, GBP = 365
- B. EUR = 365, USD = 365, GBP = 360
- C. EUR = 360, USD = 360, GBP = 365
- D. EUR = 360, USD = 365, GBP = 360
Answer: C
NEW QUESTION 32
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Demandable bond
- B. Requestable bond
- C. Askable bond
- D. Callable bond
Answer: D
NEW QUESTION 33
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. 9 days of interest and a cash interest amount of GBP 4392.35
- B. 7 days of interest and a cash interest amount of GBP 3369.48
- C. 11 days of interest and a cash interest amount of GBP 5294.89
- D. 13 days of interest and a cash interest amount of GBP 6344.51
Answer: C
NEW QUESTION 34
The following are examples of money market instruments:
- A. Zero coupon bonds and Floating-rate notes
- B. Fixed-rate bonds and Step-up bonds
- C. Commercial Paper and Certificate of Deposit
- D. Convertible bonds and Mortgage-Backed Securities
Answer: C
NEW QUESTION 35
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