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ICMA SOFQ Exam is an online, multiple-choice exam that can be taken from anywhere in the world. It is designed to be accessible to individuals with little or no prior knowledge of securities operations. Candidates are given two hours to complete the exam, and a pass mark of 70% is required to obtain the qualification.
ICMA SOFQ (Securities Operations Foundation Qualification) Certification Exam is a globally recognized certification that focuses on the key areas of securities operations. Securities Operations Foundation Qualification (SOFQ) certification is designed for professionals seeking to enhance their knowledge and skills in securities operations and related activities. SOFQ exam covers a wide range of topics, including securities markets, trade settlement processes, corporate actions, and risk management.
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The SOFQ Certification Exam is a computer-based exam consisting of 100 multiple-choice questions. Candidates have two hours to complete the exam, and a passing score of 70% is required to earn the certification. SOFQ exam is available at testing centers around the world, and candidates can schedule their exam at a time and location that is convenient for them.
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ICMA SOFQ Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Corporate Actions | - Types of corporate actions - Processing and impact on securities |
| Topic 2: Market Infrastructure | - Settlement systems and intermediaries - Clearing houses and CSDs |
| Topic 3: Custody and Safekeeping | - Securities holding structures - Asset servicing and custody roles |
| Topic 4: Clearing and Settlement | - Settlement cycles and processes - Clearing mechanisms and counterparties |
| Topic 5: Securities Markets Overview | - Financial instruments and market participants - Market structure and infrastructure |
| Topic 6: Trade Lifecycle | - Trade execution and confirmation - Post-trade processing workflow |
| Topic 7: Risk and Compliance | - Operational risk in securities processing - Regulatory and compliance framework |
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