Sep 04, 2021 Step by Step Guide to Prepare for SOFQ Exam BrainDumps
Securities Operations Foundation SOFQ Real Exam Questions and Answers FREE Updated on 2021
NEW QUESTION 28
The following are examples of money market instruments:
- A. Convertible bonds and Mortgage-Backed Securities
- B. Fixed-rate bonds and Step-up bonds
- C. Zero coupon bonds and Floating-rate notes
- D. Commercial Paper and Certificate of Deposit
Answer: D
NEW QUESTION 29
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 ownership position is equal to the sum of open and closed trades with counterparties
- C. The total ownership position is equal to the sum of the settled positions plus/minus open trades with counterparties
- D. The total settled position is equal to the sum of open trades and trades with a future value date
Answer: C
NEW QUESTION 30
The type of organisation that specializes in deposit-taking and cash loans is known as a:
- A. Commercial bank
- B. Private bank
- C. Mutual fund
- D. Investment bank
Answer: A
NEW QUESTION 31
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Demandable bond
- B. Callable bond
- C. Askable bond
- D. Requestable bond
Answer: B
NEW QUESTION 32
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. 141 days and USD 770,212.50
- B. 171 days and USD 934,087-50
- C. 174 days and USD 950,475.00
- D. 144 days and USD 786,600.00
Answer: D
NEW QUESTION 33
The 'settlement cycle' within a securities market refers to the number of days:
- A. Between a security's issue date and the value date of a trade
- B. Between a trade's trade date and its value date
- C. Between the trade date of a trade and the issue date of a security
- D. Between a trade's trade date and the actual settlement date of a trade
Answer: B
NEW QUESTION 34
The ISIN stands for:
- A. International Securities Identification Number; a 12-character alpha-numeric code
- B. International Secondary ID Notation; a 13-character alpha-numeric code
- C. International Secondary ID Notation; a 12-character alpha-numeric code
- D. International Securities Identification Number; a 13-character alpha-numeric code
Answer: A
NEW QUESTION 35
'ISO' stands for:
- A. Intercontinental Symposium of Organisations
- B. Intraterritorial Organisation of Securities
- C. International Organisation for Standardisation
- D. Invention of Standards for Organisations
Answer: C
NEW QUESTION 36
The term 'SSI' stands for:
- A. Settlement Standard Instruction
- B. Standard Securities Instruction
- C. Standing Settlement Instruction
- D. Securities Standing Instruction
Answer: C
NEW QUESTION 37
The calculation of profit and loss for securities includes:
- A. Realised (potential) P&Land Unrealised (actual) P&L
- B. Realised (predicted) P&L and Unrealised (likely) P&L
- C. Realised (actual) P&Land Unrealised (potential) P&L
- D. Realised (projected) P&L and Unrealised (authentic) P&L
Answer: C
NEW QUESTION 38
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 prior to receipt of the contra asset from the counterparty
- C. Delivering an asset to the counterparty following successful exchange of trade confirmations
- D. Simultaneously exchanging securities and cash with the counterparty
Answer: A
NEW QUESTION 39
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. 45 days and GBP 139,739.30
- B. 76 days and GBP 236,004.15
- C. 107 days and GBP 336,883.85
- D. 45 days and GBP 141,680.12
Answer: B
NEW QUESTION 40
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 41
A S.W.I.FT. MT541 instructs a custodian to:
- A. Receive securities on a Delivery versus Payment basis
- B. Deliver securities on a Delivery versus Payment basis
- C. Receive securities on a Free of Payment basis
- D. Deliver securities on a Free of Payment basis
Answer: A
NEW QUESTION 42
Where Firm A has borrowed a fixed cash amount on a secured basis from Firm B, an increase in the collateral value means that:
- A. Firm B has exposure and must request the return of collateral from Firm A
- B. FirmB has exposure and must request additional collateral from Firm A
- C. Firm A has exposure and must return some collateral to Firm B
- D. Firm A has exposure and must request the return of some collateral from Firm B
Answer: D
NEW QUESTION 43
The date on which a securities trade is intended to settle is:
- A. The actual settlement date
- B. The contractual trade date
- C. The trade date
- D. The value date
Answer: D
NEW QUESTION 44
A firm executing a securities trade in the capacity of agency broker intends:
- A. Not to take a securities position, and to remain market risk neutral
- B. To take a securities position, and not to remain market risk neutral
- C. To take a securities position, and to remain market risk neutral
- D. Not to take a securities position, and not to remain market risk neutra
Answer: C
NEW QUESTION 45
The physical substances of natural gas/ barley and zinc fall within the following financial heading:
- A. Derivatives
- B. Cash
- C. Commodities
- D. Securities
Answer: C
NEW QUESTION 46
An example of an organisation classified as a sovereign wealth fund is:
- A. United Nations
- B. Xerox Corporation
- C. China Investment Corporation
- D. German Government
Answer: C
NEW QUESTION 47
IPO' stands for:
- A. Inclusive Pre Offering
- B. Initial Public Offering
- C. International Private Offering
- D. Integrated Post Offering
Answer: B
NEW QUESTION 48
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