Free Online ICMA SOFQ Practice Test

Prepare Your ICMA SOFQ Exam Questions with Free online SOFQ Practice Test. Get Brilliant Securities Operations Foundation Qualification (SOFQ) Exam Results with Valid SOFQ Exam Dumps.

Page: 1 / 11

Total 51 Questions | Updated On: May 16, 2024

Add To Cart

Question 1

Thefollowing is an inaccurate statement:

A : Warrants have a variable exercise price

B : Warrants are exercisable by the warrant holder

C : Warrants will expire if not exercised by the expiry date

D : Warrants are detachable from the original security

Answer: A

Question 2

The US regulator 'SEC stands for:

A : Securities Exchange Corporation

B : Securities Enterprise Conglomerate

C : Securities and Exchange Commission

D : Securities Endeavour Company

Answer: C

Question 3

From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

A : Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

B : Simultaneously exchanging securities and cash with the counterparty

C : Delivering an asset to the counterparty following successful exchange of trade confirmations

D : Receiving the counterparty's asset before instructing release of the contra asset

Answer: D

Question 4

'ISO' stands for:

A : Invention of Standards for Organisations

B : Intercontinental Symposium of Organisations

C : International Organisation for Standardisation

D : Intraterritorial Organisation of Securities

Answer: C

Question 5

The divisors applicable to the calculation of bank interest are:

A : EUR = 360, USD = 360, GBP = 365

B : EUR = 365, USD = 360, GBP = 365

C : EUR = 365, USD = 365, GBP = 360

D : EUR = 360, USD = 365, GBP = 360

Answer: A

Page: 1 / 11

Total 51 Questions | Updated On: May 16, 2024

Add To Cart