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ICMA SOFQ - Securities Operations Foundation Qualification (SOFQ)

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Total 50 questions

'ISO' stands for:

A.

Invention of Standards for Organisations

B.

Intercontinental Symposium of Organisations

C.

International Organisation for Standardisation

D.

Intraterritorial Organisation of Securities

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.

9 days of interest and a cash interest amount of GBP 4392.35

C.

13 days of interest and a cash interest amount of GBP 6344.51

D.

11 days of interest and a cash interest amount of GBP 5294.89

'Sub-custodian' is a term that is applicable to:

A.

International central securities depositories

B.

Global custodians

C.

Local custodians

D.

National central securities depositories

Accrued interest is designed to:

A.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

B.

Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date

C.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date

D.

Compensate the seller of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

The 3 largest centres for foreign exchange trading are:

A.

US, 2) Japan, 3) UK

B.

Hong Kong, 2) UK, 3) US

C.

US, 2) Singapore, 3) UK

D.

UK, 2) US, 3) Singapore