Latest [Dec 18, 2021] SOFQ Exam Questions – Valid SOFQ Dumps Pdf
SOFQ Practice Test Questions Answers Updated 50 Questions
NEW QUESTION 15
The ISIN stands for:
- A. International Secondary ID Notation; a 13-character alpha-numeric code
- B. International Securities Identification Number; a 13-character alpha-numeric code
- C. International Secondary ID Notation; a 12-character alpha-numeric code
- D. International Securities Identification Number; a 12-character alpha-numeric code
Answer: D
NEW QUESTION 16
A bond whose coupon rate increases at pre-specified dates and at a pre-specified interest rate is known as:
- A. A convertible bond
- B. A step-up bond
- C. A mortgage-backed security
- D. A floating rate note
Answer: B
NEW QUESTION 17
Thefollowing is an inaccurate statement:
- A. Warrants will expire if not exercised by the expiry date
- B. Warrants have a variable exercise price
- C. Warrants are detachable from the original security
- D. Warrants are exercisable by the warrant holder
Answer: B
NEW QUESTION 18
The Clearstream Group includes:
- A. The ICSD 'Clearstream Banking Luxembourg' and the NSCD 'Clearstream Banking Frankfurt'
- B. The ICSD 'Clearstream Banking Brussels' and the NCSD 'Clearstream Banking Berlin'
- C. The ICSD 'Clearstream Banking Amsterdam' and the NSCD 'Clearstream Banking Luxembourg'
- D. The ICSD 'Clearstream Banking Paris' and the NSCD 'Clearstream Banking Munich'
Answer: A
NEW QUESTION 19
The divisors applicable to the calculation of bank interest are:
- A. EUR = 365, USD = 360, GBP = 365
- B. EUR = 360, USD = 360, GBP = 365
- C. EUR = 360, USD = 365, GBP = 360
- D. EUR = 365, USD = 365, GBP = 360
Answer: B
NEW QUESTION 20
The type of organisation that specializes in deposit-taking and cash loans is known as a:
- A. Mutual fund
- B. Investment bank
- C. Private bank
- D. Commercial bank
Answer: D
NEW QUESTION 21
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 18.90
- B. USD 1890.00
- C. USD 1.89
- D. USD 189.00
Answer: D
NEW QUESTION 22
The International Monetary Fund is an example of:
- A. A supranational organisation
- B. An investment bank
- C. A sovereign wealth fund
- D. A securities market regulator
Answer: A
NEW QUESTION 23
A European country that has not adopted the Euro is:
- A. Slovakia
- B. Belgium
- C. Norway
- D. Slovenia
Answer: C
NEW QUESTION 24
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Callable bond
- B. Askable bond
- C. Demandable bond
- D. Requestable bond
Answer: A
NEW QUESTION 25
The price of a bond trade which excludes accrued interest is known as:
- A. A cloudy price
- B. A dirty price
- C. A clean price
- D. A fresh price
Answer: C
NEW QUESTION 26
Within the security entitled 'Exxon Mobil Corporation USD 1.00 Common Stock', the 'USD 1.00' is commonly known as the:
- A. par value
- B. issue value
- C. share size
- D. notional quantity
Answer: A
NEW QUESTION 27
'ISO' stands for:
- A. Intraterritorial Organisation of Securities
- B. Intercontinental Symposium of Organisations
- C. International Organisation for Standardisation
- D. Invention of Standards for Organisations
Answer: C
NEW QUESTION 28
The calculation of profit and loss for securities includes:
- A. Realised (potential) P&Land Unrealised (actual) P&L
- B. Realised (actual) P&Land Unrealised (potential) P&L
- C. Realised (projected) P&L and Unrealised (authentic) P&L
- D. Realised (predicted) P&L and Unrealised (likely) P&L
Answer: B
NEW QUESTION 29
Internal trading systems typically do not:
- A. Have the capability to amend and cancel trades
- B. Have the capability to capture new trades
- C. Hold the firm's current trading positions
- D. Reflect the firm's settled positions at CSDs/custodians
Answer: D
NEW QUESTION 30
Grey market trading refers to:
- A. Trading in corporate bonds following the bondholder's decision to take-up a put option
- B. Trading in convertible and exchangeable bonds prior to their conversion
- C. Trading in a new issue of bonds by parties not involved in the syndication process
- D. Trading of equity and bonds by investors aged 65 and over at the start of the tax year
Answer: C
NEW QUESTION 31
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. Receiving the counterparty's asset before instructing release of the contra asset
- D. Delivering an asset to the counterparty following successful exchange of trade confirmations
Answer: C
NEW QUESTION 32
The integrity of internal books & records for securities is proven by ensuring:
- A. The total ownership position is equal to the sum of the settled positions plus/minus open 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 open and closed trades with counterparties
- D. The total settled position is equal to the sum of open and closed trades with counterparties
Answer: A
NEW QUESTION 33
The number of days of accrued interest, and the cash value of accrued interest - on a trade of GBP 30,500,000 Barclays Bank GBP Floating Rate Notes November 2028, paying interest quarterly - the current coupon rate is
3.7162% for the period 21s' November to November 21s' February, trade date 3rd February, value date 5th February, is:
- A. 76 days and GBP 236,004.15
- B. 107 days and GBP 336,883.85
- C. 45 days and GBP 139,739.30
- D. 45 days and GBP 141,680.12
Answer: A
NEW QUESTION 34
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. 13 days of interest and a cash interest amount of GBP 6344.51
- C. 9 days of interest and a cash interest amount of GBP 4392.35
- D. 11 days of interest and a cash interest amount of GBP 5294.89
Answer: D
NEW QUESTION 35
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