ICMA SOFQ Exam Questions Instant Access - No Installation Required

Question 1

'ISO' stands for:

AInvention of Standards for Organisations

BIntercontinental Symposium of Organisations

CInternational Organisation for Standardisation

DIntraterritorial Organisation of Securities

Answer : C

Question 2

Internal trading systems typically do not:

AReflect the firm's settled positions at CSDs/custodians

BHave the capability to capture new trades

CHold the firm's current trading positions

DHave the capability to amend and cancel trades

Answer : A

Question 3

On a scale of 1,500,000 Microsoft Corporation shares at a price of USD 3.78 per share, the SEC Fee payable is::

AUSD 1.89

BUSD 18.90

CUSD 189.00

DUSD 1890.00

Answer : C

Question 4

A 'put' option on a bond allows:

AThe stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date

BThe regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date

CThe bondholder to redeem their bonds prior to the bond's scheduled maturity date

DThe bond issuer to force redemption of bonds prior to the bond's scheduled maturity date

Answer : C

Question 5

A firm executing a securities trade in the capacity of agency broker intends:

ATo take a securities position, and to remain market risk neutral

BNot to take a securities position, and not to remain market risk neutra

CNot to take a securities position, and to remain market risk neutral

DTo take a securities position, and not to remain market risk neutral

Answer : C

Question 6

A S.W.I.FT. MT541 instructs a custodian to:

AReceive securities on a Free of Payment basis

BReceive securities on a Delivery versus Payment basis

CDeliver securities on a Delivery versus Payment basis

DDeliver securities on a Free of Payment basis

Answer : B

Question 7

Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:

ACommon stock

BCorporate Shares

CNormal Shares

DOrdinary Stock

Answer : A

ICMA Securities Operations Foundation Qualification (SOFQ) SOFQ Exam Questions