[Oct-2021] Free SOFQ Exam Questions SOFQ Actual Free Exam Questions
Verified SOFQ dumps and 50 unique questions
NEW QUESTION 30
The divisors applicable to the calculation of bank interest are:
- A. EUR = 360, USD = 365, GBP = 360
- B. EUR = 360, USD = 360, GBP = 365
- C. EUR = 365, USD = 365, GBP = 360
- D. EUR = 365, USD = 360, GBP = 365
Answer: B
NEW QUESTION 31
The type of organisation that specializes in deposit-taking and cash loans is known as a:
- A. Private bank
- B. Investment bank
- C. Commercial bank
- D. Mutual fund
Answer: C
NEW QUESTION 32
The type of organisation that provides securities underwriting services is known as a
- A. Investment bank
- B. Insurance company
- C. Commercial bank
- D. Pension fund
Answer: A
NEW QUESTION 33
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
NEW QUESTION 34
A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:
- A. A zero interest bond
- B. A zero interest note
- C. A zero coupon bond
- D. A nil interest bond
Answer: C
NEW QUESTION 35
The two choices for the settlement method utilised within a securities market are:
- A. 'Account Settlement1 and Tumbling Settlement'
- B. 'Continuing Settlement'and'Account Settlement'
- C. Tumbling Settlement' and 'Continuing Settlement'
- D. 'Rolling Settlement' and 'Account Settlement'
Answer: D
NEW QUESTION 36
A S.W.I.FT. 'Bank Identifier Code' comprises::
- A. A bank code, a country code and a location code
- B. A region code, a country code and a city code
- C. A bank code, a continent code and a currency code
- D. A continent code, a country code and a municipality code
Answer: A
NEW QUESTION 37
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 38
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 39
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Callable bond
- B. Requestable bond
- C. Demandable bond
- D. Askable bond
Answer: A
NEW QUESTION 40
A 'put' option on a bond allows:
- A. The bondholder to redeem their bonds prior to the bond's scheduled maturity date
- B. The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date
- C. The stock exchange to force the bondholder to redeem the 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: A
NEW QUESTION 41
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 return some collateral to Firm B
- B. FirmB has exposure and must request additional collateral from Firm A
- C. Firm A has exposure and must request the return of some collateral from Firm B
- D. Firm B has exposure and must request the return of collateral from Firm A
Answer: C
NEW QUESTION 42
Where the term 'Ordinary Shares' is used in the UK, the equivalent term in the US is:
- A. Normal Shares
- B. Ordinary Stock
- C. Corporate Shares
- D. Common stock
Answer: D
NEW QUESTION 43
A bond which pays interest semi-annually quotes its interest rate:
- A. Relative to a period of 3 months
- B. Relative to a period of 12 months
- C. Relative to a period of 24 months
- D. Relative to a period of 6 months
Answer: B
NEW QUESTION 44
Grey market trading refers to:
- A. Trading in a new issue of bonds by parties not involved in the syndication process
- B. Trading of equity and bonds by investors aged 65 and over at the start of the tax year
- C. Trading in convertible and exchangeable bonds prior to their conversion
- D. Trading in corporate bonds following the bondholder's decision to take-up a put option
Answer: A
NEW QUESTION 45
The integrity of internal books & records for securities is proven by ensuring:
- A. The total settled position is equal to the sum of open and closed trades with counterparties
- B. The total settled position is equal to the sum of open trades and trades with a future value date
- C. The total ownership position is equal to the sum of the settled positions plus/minus open trades with counterparties
- D. The total ownership position is equal to the sum of open and closed trades with counterparties
Answer: C
NEW QUESTION 46
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