Free ICMA SOFQ Exam Questions

Become ICMA Certified with updated SOFQ exam questions and correct answers

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Total 51 Questions | Updated On: Nov 11, 2024

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Question 1

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

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

B : multaneously exchanging securities and cash with the counterparty

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

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

Answer: D

Question 2

The US regulator 'SEC stands for:

A : curities Exchange Corporation

B : curities Enterprise Conglomerate

C : curities and Exchange Commission

D : curities Endeavour Company

Answer: C

Question 3

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

A : pository Trust Company

B : pot Transaction

C : posit and Trade Conglomerate

D : pot for Trades Corporation

Answer: A

Question 4

The divisors applicable to the calculation of bank interest are:

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

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

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

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

Answer: A

Question 5

'ISO' stands for:

A : vention of Standards for Organisations

B : tercontinental Symposium of Organisations

C : ternational Organisation for Standardisation

D : traterritorial Organisation of Securities

Answer: C

Page: 1 / 11

Total 51 Questions | Updated On: Nov 11, 2024

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