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Free ICMA SOFQ Exam Braindumps (page: 2)

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50 Questions & Answers
Page 2 of 8

The two choices for the settlement method utilised within a securities market are:

  1. 'Account Settlement1 and Tumbling Settlement'
  2. Tumbling Settlement' and 'Continuing Settlement'
  3. 'Continuing Settlement'and'Account Settlement'
  4. 'Rolling Settlement' and 'Account Settlement'

Answer(s): D



The International Monetary Fund is an example of:

  1. A supranational organisation
  2. A sovereign wealth fund
  3. An investment bank
  4. A securities market regulator

Answer(s): A



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:

  1. 7 days of interest and a cash interest amount of GBP 3369.48
  2. 9 days of interest and a cash interest amount of GBP 4392.35
  3. 13 days of interest and a cash interest amount of GBP 6344.51
  4. 11 days of interest and a cash interest amount of GBP 5294.89

Answer(s): D



Within internal books and records, the recording of the trading book on a securities trade facilitates:

  1. Reconciliation of settled positions, per trading book and per security - between the trading department and operations
  2. Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian
  3. Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian
  4. Reconciliation of trading positions, per trading book and per security - between the trading department and operations

Answer(s): D



A 'put' option on a bond allows:

  1. The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date
  2. The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date
  3. The bondholder to redeem their bonds prior to the bond's scheduled maturity date
  4. The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date

Answer(s): C



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

  1. Common stock
  2. Corporate Shares
  3. Normal Shares
  4. Ordinary Stock

Answer(s): A



DTC - the central securities depository for US equities is the abbreviation for:

  1. Depository Trust Company
  2. Depot Transaction
  3. Deposit and Trade Conglomerate
  4. Depot for Trades Corporation

Answer(s): A



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

  1. To take a securities position, and to remain market risk neutral
  2. Not to take a securities position, and not to remain market risk neutra
  3. Not to take a securities position, and to remain market risk neutral
  4. To take a securities position, and not to remain market risk neutral

Answer(s): C






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