Pass ICMA SOFQ exam questions - convert Test Engine to PDF
Pass Your SOFQ Exam Easily - Real SOFQ Practice Dump Updated Dec 10, 2021
ICMA SOFQ Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
NEW QUESTION 15
'Sub-custodian' is a term that is applicable to:
- A. Local custodians
- B. Global custodians
- C. National central securities depositories
- D. International central securities depositories
Answer: B
NEW QUESTION 16
A S.W.I.FT. MT541 instructs a custodian to:
- A. Deliver securities on a Free of Payment basis
- B. Receive securities on a Delivery versus Payment basis
- C. Deliver securities on a Delivery versus Payment basis
- D. Receive securities on a Free of Payment basis
Answer: B
NEW QUESTION 17
Accrued interest is designed to:
- A. Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date
- B. Compensate the buyer 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 earned, (but not paid) since the previous coupon payment date
- D. Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date
Answer: C
NEW QUESTION 18
A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:
- A. A zero interest bond
- B. A zero interest note
- C. A zero coupon bond
- D. A nil interest bond
Answer: C
NEW QUESTION 19
Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:
- A. Normal Shares
- B. Ordinary Stock
- C. Corporate Shares
- D. Common stock
Answer: D
NEW QUESTION 20
The abbreviation WAC stands for:
- A. Wheel and Calculate
- B. West Against Charge
- C. Wait About Control
- D. Weighted Average Cost
Answer: D
NEW QUESTION 21
The ISIN stands for:
- A. International Secondary ID Notation; a 13-character alpha-numeric code
- B. International Secondary ID Notation; a 12-character alpha-numeric code
- C. International Securities Identification Number; a 13-character alpha-numeric code
- D. International Securities Identification Number; a 12-character alpha-numeric code
Answer: D
NEW QUESTION 22
The term 'SSI' stands for:
- A. Standard Securities Instruction
- B. Securities Standing Instruction
- C. Standing Settlement Instruction
- D. Settlement Standard Instruction
Answer: C
NEW QUESTION 23
'ISO' stands for:
- A. Invention of Standards for Organisations
- B. Intraterritorial Organisation of Securities
- C. International Organisation for Standardisation
- D. Intercontinental Symposium of Organisations
Answer: C
NEW QUESTION 24
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 1.89
- B. USD 1890.00
- C. USD 18.90
- D. USD 189.00
Answer: D
NEW QUESTION 25
The calculation of profit and loss for securities includes:
- A. Realised (potential) P&Land Unrealised (actual) P&L
- B. Realised (projected) P&L and Unrealised (authentic) P&L
- C. Realised (predicted) P&L and Unrealised (likely) P&L
- D. Realised (actual) P&Land Unrealised (potential) P&L
Answer: D
NEW QUESTION 26
FTM Levy is charged:
- A. On US equity trades where the gross consideration is USD 10,000.00 and below
- B. On UK equity trades where the gross consideration is GBP 10,000.00 and above
- C. On US equity trades -where the gross consideration is in excess of USD 10,000.00
- D. On UK equity trades where the gross consideration is in excess of GBP 10,000.00
Answer: D
NEW QUESTION 27
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. 11 days of interest and a cash interest amount of GBP 5294.89
- B. 7 days of interest and a cash interest amount of GBP 3369.48
- C. 13 days of interest and a cash interest amount of GBP 6344.51
- D. 9 days of interest and a cash interest amount of GBP 4392.35
Answer: A
NEW QUESTION 28
The ISO currency code 'CHF represents:
- A. Ivory Coast Franc
- B. Swiss France
- C. Norwegian Krone
- D. Chinese Renminbi
Answer: B
NEW QUESTION 29
The number of days of accrued interest, and the cash value of accrued interest - on a trade of USD 45,000,000 World Bank 4.37% Bonds 1st December 2032, paying interest semi-annually on 1st December and Ist June, trade date 22~d October, value date 25tl October, is:
- A. 174 days and USD 950,475.00
- B. 144 days and USD 786,600.00
- C. 171 days and USD 934,087-50
- D. 141 days and USD 770,212.50
Answer: B
NEW QUESTION 30
IPO' stands for:
- A. Initial Public Offering
- B. International Private Offering
- C. Inclusive Pre Offering
- D. Integrated Post Offering
Answer: A
NEW QUESTION 31
The integrity of internal books & records for securities is proven by ensuring:
- A. The total settled position is equal to the sum of open and closed 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 the settled positions plus/minus open trades with counterparties
- D. The total ownership position is equal to the sum of open and closed trades with counterparties
Answer: C
NEW QUESTION 32
The physical substances of natural gas/ barley and zinc fall within the following financial heading:
- A. Commodities
- B. Derivatives
- C. Securities
- D. Cash
Answer: A
NEW QUESTION 33
The two choices for the settlement method utilised within a securities market are:
- A. 'Account Settlement1 and Tumbling Settlement'
- B. 'Continuing Settlement'and'Account Settlement'
- C. Tumbling Settlement' and 'Continuing Settlement'
- D. 'Rolling Settlement' and 'Account Settlement'
Answer: D
NEW QUESTION 34
Within the security entitled 'Exxon Mobil Corporation USD 1.00 Common Stock', the 'USD 1.00' is commonly known as the:
- A. share size
- B. par value
- C. issue value
- D. notional quantity
Answer: B
NEW QUESTION 35
......
SOFQ Real Exam Questions and Answers FREE: https://www.exams4collection.com/SOFQ-latest-braindumps.html
