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Dumps Real ICMA SOFQ Exam Questions [Updated 2021]
ICMA SOFQ Exam Syllabus Topics:
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NEW QUESTION 22
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 23
A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:
- A. A nil interest bond
- B. A zero interest note
- C. A zero interest bond
- D. A zero coupon bond
Answer: D
NEW QUESTION 24
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 25
The ISIN stands for:
- A. International Secondary ID Notation; a 13-character alpha-numeric code
- B. International Securities Identification Number; a 13-character alpha-numeric code
- C. International Secondary ID Notation; a 12-character alpha-numeric code
- D. International Securities Identification Number; a 12-character alpha-numeric code
Answer: D
NEW QUESTION 26
A European country that has not adopted the Euro is:
- A. Slovakia
- B. Belgium
- C. Norway
- D. Slovenia
Answer: C
NEW QUESTION 27
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 28
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 29
The ISO currency code 'CHF represents:
- A. Norwegian Krone
- B. Ivory Coast Franc
- C. Swiss France
- D. Chinese Renminbi
Answer: C
NEW QUESTION 30
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 31
'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 32
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 33
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 34
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 35
IPO' stands for:
- A. Integrated Post Offering
- B. Initial Public Offering
- C. Inclusive Pre Offering
- D. International Private Offering
Answer: B
NEW QUESTION 36
'Sub-custodian' is a term that is applicable to:
- A. National central securities depositories
- B. Global custodians
- C. Local custodians
- D. International central securities depositories
Answer: B
NEW QUESTION 37
DTC - the central securities depository for US equities is the abbreviation for:
- A. Depository Trust Company
- B. Deposit and Trade Conglomerate
- C. Depot Transaction
- D. Depot for Trades Corporation
Answer: A
NEW QUESTION 38
The following are examples of money market instruments:
- A. Zero coupon bonds and Floating-rate notes
- B. Fixed-rate bonds and Step-up bonds
- C. Commercial Paper and Certificate of Deposit
- D. Convertible bonds and Mortgage-Backed Securities
Answer: C
NEW QUESTION 39
The type of organisation that specializes in deposit-taking and cash loans is known as a:
- A. Mutual fund
- B. Investment bank
- C. Private bank
- D. Commercial bank
Answer: D
NEW QUESTION 40
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