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Securities Operations Foundation Qualification (SOFQ) Questions 16–20 (page: 5)

Updated On: 10-Feb-2026

A bond whose coupon rate increases at pre-specified dates and at a pre-specified interest rate is known as:

  1. A floating rate note
  2. A convertible bond
  3. A mortgage-backed security
  4. A step-up bond

Answer(s): D



The divisors applicable to the calculation of bank interest are:

  1. EUR = 360, USD = 360, GBP = 365
  2. EUR = 365, USD = 360, GBP = 365
  3. EUR = 365, USD = 365, GBP = 360
  4. EUR = 360, USD = 365, GBP = 360

Answer(s): A



IPO' stands for:

  1. International Private Offering
  2. Inclusive Pre Offering
  3. Initial Public Offering
  4. Integrated Post Offering

Answer(s): C



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:

  1. 45 days and GBP 139,739.30
  2. 76 days and GBP 236,004.15
  3. 107 days and GBP 336,883.85
  4. 45 days and GBP 141,680.12

Answer(s): B



The type of organisation that provides securities underwriting services is known as a

  1. Investment bank
  2. Insurance company
  3. Commercial bank
  4. Pension fund

Answer(s): A



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