Free SOFQ Braindumps Download Updated on Oct 26, 2021 with 50 Questions
ICMA SOFQ Exam Practice Test Questions
ICMA SOFQ Exam Syllabus Topics:
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NEW QUESTION 17
The type of organisation that specializes in deposit-taking and cash loans is known as a:
- A. Private bank
- B. Investment bank
- C. Commercial bank
- D. Mutual fund
Answer: C
NEW QUESTION 18
The date on which a securities trade is intended to settle is:
- A. The contractual trade date
- B. The actual settlement date
- C. The value date
- D. The trade date
Answer: C
NEW QUESTION 19
Thefollowing is an inaccurate statement:
- A. Warrants will expire if not exercised by the expiry date
- B. Warrants are detachable from the original security
- C. Warrants have a variable exercise price
- D. Warrants are exercisable by the warrant holder
Answer: C
NEW QUESTION 20
IPO' stands for:
- A. Initial Public Offering
- B. International Private Offering
- C. Inclusive Pre Offering
- D. Integrated Post Offering
Answer: A
NEW QUESTION 21
The following are examples of money market instruments:
- A. Convertible bonds and Mortgage-Backed Securities
- B. Zero coupon bonds and Floating-rate notes
- C. Commercial Paper and Certificate of Deposit
- D. Fixed-rate bonds and Step-up bonds
Answer: C
NEW QUESTION 22
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. Not to take a securities position, and not to remain market risk neutra
- C. To take a securities position, and not to remain market risk neutral
- D. To take a securities position, and to remain market risk neutral
Answer: D
NEW QUESTION 23
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 24
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 25
The divisors applicable to the calculation of bank interest are:
- A. EUR = 360, USD = 365, GBP = 360
- B. EUR = 360, USD = 360, GBP = 365
- C. EUR = 365, USD = 365, GBP = 360
- D. EUR = 365, USD = 360, GBP = 365
Answer: B
NEW QUESTION 26
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 floating rate note
- D. A mortgage-backed security
Answer: B
NEW QUESTION 27
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. 107 days and GBP 336,883.85
- C. 76 days and GBP 236,004.15
- D. 45 days and GBP 141,680.12
Answer: C
NEW QUESTION 28
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 29
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 30
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 31
The Clearstream Group includes:
- A. The ICSD 'Clearstream Banking Paris' and the NSCD 'Clearstream Banking Munich'
- B. The ICSD 'Clearstream Banking Luxembourg' and the NSCD 'Clearstream Banking Frankfurt'
- C. The ICSD 'Clearstream Banking Amsterdam' and the NSCD 'Clearstream Banking Luxembourg'
- D. The ICSD 'Clearstream Banking Brussels' and the NCSD 'Clearstream Banking Berlin'
Answer: B
NEW QUESTION 32
The type of organisation that provides securities underwriting services is known as a
- A. Investment bank
- B. Insurance company
- C. Commercial bank
- D. Pension fund
Answer: A
NEW QUESTION 33
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 34
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 35
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 36
A European country that has not adopted the Euro is:
- A. Slovenia
- B. Slovakia
- C. Norway
- D. Belgium
Answer: C
NEW QUESTION 37
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