Valid SOFQ Study Guide Are Available For Passing Securities Operations Foundation Qualification (SOFQ) Exam

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1. A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:

Demandable bond

Callable bond

Requestable bond

Askable bond

2. Within internal books and records, the recording of the trading book on a securities trade facilitates:

Reconciliation of settled positions, per trading book and per security - between the trading department and operations

Reconciliation of settled positions, per trading book and per security - between operations and the firm's custodian

Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian

Reconciliation of trading positions, per trading book and per security - between the trading department and operations

3. The divisors applicable to the calculation of bank interest are:

EUR = 360, USD = 360, GBP = 365

EUR = 365, USD = 360, GBP = 365

EUR = 365, USD = 365, GBP = 360

EUR = 360, USD = 365, GBP = 360

4. The market in which debt is issued over the long-term describes:

The money market

The foreign exchange market

The capital market

The equity market

5. The two choices for the settlement method utilised within a securities market are:

'Account Settlement1 and Tumbling Settlement'

Tumbling Settlement' and 'Continuing Settlement'

'Continuing Settlement 'and' Account Settlement'

'Rolling Settlement' and 'Account Settlement’

6. The date on which a securities trade is intended to settle is:

The actual settlement date

The contractual trade date

The value date

The trade date

7. The following are examples of money market instruments:

Zero coupon bonds and Floating-rate notes

Convertible bonds and Mortgage-Backed Securities

Fixed-rate bonds and Step-up bonds

Commercial Paper and Certificate of Deposit

8. Thefollowing is an inaccurate statement:

Warrants have a variable exercise price

Warrants are exercisable by the warrant holder

Warrants will expire if not exercised by the expiry date

Warrants are detachable from the original security

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