Updated Nov-2021 Pass SOFQ Exam - Real Practice Test Questions
Download Free ICMA SOFQ Real Exam Questions
ICMA SOFQ Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
NEW QUESTION 26
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 27
The 'settlement cycle' within a securities market refers to the number of days:
- A. Between a trade's trade date and its value date
- B. Between the trade date of a trade and the issue date of a security
- C. Between a security's issue date and the value date of a trade
- D. Between a trade's trade date and the actual settlement date of a trade
Answer: A
NEW QUESTION 28
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 29
A 'put' option on a bond allows:
- A. The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date
- B. The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date
- C. The bondholder to redeem their bonds prior to the bond's scheduled maturity date
- D. The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date
Answer: C
NEW QUESTION 30
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 31
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 A has exposure and must request the return of some collateral from Firm B
- B. Firm B has exposure and must request the return of collateral from Firm A
- C. Firm A has exposure and must return some collateral to Firm B
- D. FirmB has exposure and must request additional collateral from Firm A
Answer: A
NEW QUESTION 32
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 33
A firm executing a securities trade in the capacity of agency broker intends:
- A. To take a securities position, and to remain market risk neutral
- B. Not to take a securities position, and to remain market risk neutral
- C. Not to take a securities position, and not to remain market risk neutra
- D. To take a securities position, and not to remain market risk neutral
Answer: A
NEW QUESTION 34
The date on which a securities trade is intended to settle is:
- A. The contractual trade date
- B. The value date
- C. The actual settlement date
- D. The trade date
Answer: B
NEW QUESTION 35
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 36
'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 37
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 38
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 39
Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:
- A. Ordinary Stock
- B. Corporate Shares
- C. Normal Shares
- D. Common stock
Answer: D
NEW QUESTION 40
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 41
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 42
Bond types that are traded at a deeply discounted price are:
- A. Convertible bonds and Exchangeable bonds
- B. Floating rate notes
- C. Fixed rate bonds
- D. Zero coupon bonds
Answer: D
NEW QUESTION 43
The 3 largest centres for foreign exchange trading are:
- A. Hong Kong, 2) UK, 3) US
- B. UK, 2) US, 3) Singapore
- C. US, 2) Singapore, 3) UK
- D. US, 2) Japan, 3) UK
Answer: B
NEW QUESTION 44
The physical substances of natural gas/ barley and zinc fall within the following financial heading:
- A. Derivatives
- B. Cash
- C. Securities
- D. Commodities
Answer: D
NEW QUESTION 45
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 46
......
SOFQ Dumps 100 Pass Guarantee With Latest Demo: https://testinsides.actualpdf.com/SOFQ-real-questions.html
