Latest [Sep 07, 2021] ICMA SOFQ Exam Practice Test To Gain Brilliante Result
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NEW QUESTION 13
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:
- A. 45 days and GBP 139,739.30
- B. 76 days and GBP 236,004.15
- C. 107 days and GBP 336,883.85
- D. 45 days and GBP 141,680.12
Answer: B
NEW QUESTION 14
Bond types that are traded at a deeply discounted price are:
- A. Fixed rate bonds
- B. Floating rate notes
- C. Zero coupon bonds
- D. Convertible bonds and Exchangeable bonds
Answer: C
NEW QUESTION 15
The number of days of accrued interest, and the cash value of accrued interest - on a trade of USD 45,000,000 World Bank 4.37% Bonds 1st December 2032, paying interest semi-annually on 1st December and Ist June, trade date 22~d October, value date 25tl October, is:
- A. 141 days and USD 770,212.50
- B. 171 days and USD 934,087-50
- C. 174 days and USD 950,475.00
- D. 144 days and USD 786,600.00
Answer: D
NEW QUESTION 16
Grey market trading refers to:
- A. Trading in convertible and exchangeable bonds prior to their conversion
- B. Trading in corporate bonds following the bondholder's decision to take-up a put option
- C. Trading in a new issue of bonds by parties not involved in the syndication process
- D. Trading of equity and bonds by investors aged 65 and over at the start of the tax year
Answer: C
NEW QUESTION 17
Within internal books and records, the recording of the trading book on a securities trade facilitates:
- A. Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian
- B. Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian
- C. Reconciliation of settled positions, per trading book and per security - between the trading department and operations
- D. Reconciliation of trading positions, per trading book and per security - between the trading department and operations
Answer: D
NEW QUESTION 18
The type of organisation that specializes in deposit-taking and cash loans is known as a:
- A. Commercial bank
- B. Private bank
- C. Mutual fund
- D. Investment bank
Answer: A
NEW QUESTION 19
IPO' stands for:
- A. Inclusive Pre Offering
- B. Initial Public Offering
- C. International Private Offering
- D. Integrated Post Offering
Answer: B
NEW QUESTION 20
'ISO' stands for:
- A. Intercontinental Symposium of Organisations
- B. Intraterritorial Organisation of Securities
- C. International Organisation for Standardisation
- D. Invention of Standards for Organisations
Answer: C
NEW QUESTION 21
The type of organisation that provides securities underwriting services is known as a
- A. Investment bank
- B. Commercial bank
- C. Pension fund
- D. Insurance company
Answer: A
NEW QUESTION 22
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Demandable bond
- B. Callable bond
- C. Askable bond
- D. Requestable bond
Answer: B
NEW QUESTION 23
On a scale of 1,500,000 Microsoft Corporation shares at a price of USD 3.78 per share, the SEC Fee payable is::
- A. USD 189.00
- B. USD 1.89
- C. USD 1890.00
- D. USD 18.90
Answer: A
NEW QUESTION 24
The 3 largest centres for foreign exchange trading are:
- A. UK, 2) US, 3) Singapore
- B. US, 2) Singapore, 3) UK
- C. US, 2) Japan, 3) UK
- D. Hong Kong, 2) UK, 3) US
Answer: A
NEW QUESTION 25
The ISIN stands for:
- A. International Securities Identification Number; a 12-character alpha-numeric code
- B. International Secondary ID Notation; a 13-character alpha-numeric code
- C. International Secondary ID Notation; a 12-character alpha-numeric code
- D. International Securities Identification Number; a 13-character alpha-numeric code
Answer: A
NEW QUESTION 26
The International Monetary Fund is an example of:
- A. An investment bank
- B. A supranational organisation
- C. A sovereign wealth fund
- D. A securities market regulator
Answer: B
NEW QUESTION 27
The divisors applicable to the calculation of bank interest are:
- A. EUR = 365, USD = 360, GBP = 365
- B. EUR = 360, USD = 365, GBP = 360
- C. EUR = 365, USD = 365, GBP = 360
- D. EUR = 360, USD = 360, GBP = 365
Answer: D
NEW QUESTION 28
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 29
The following are examples of money market instruments:
- A. Convertible bonds and Mortgage-Backed Securities
- B. Fixed-rate bonds and Step-up bonds
- C. Zero coupon bonds and Floating-rate notes
- D. Commercial Paper and Certificate of Deposit
Answer: D
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
The 'settlement cycle' within a securities market refers to the number of days:
- A. Between a security's issue date and the value date of a trade
- B. Between a trade's trade date and its value date
- C. Between the trade date of a trade and the issue date of a security
- D. Between a trade's trade date and the actual settlement date of a trade
Answer: B
NEW QUESTION 32
Internal trading systems typically do not:
- A. Have the capability to amend and cancel trades
- B. Have the capability to capture new trades
- C. Reflect the firm's settled positions at CSDs/custodians
- D. Hold the firm's current trading positions
Answer: C
NEW QUESTION 33
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