Free ICMA SOFQ Practice Test & Real Exam Questions

Exam Code/Number: SOFQ
Exam Name/Title: Securities Operations Foundation Qualification (SOFQ)
Certification Provider: ICMA
Corresponding Certification: Securities Operations Foundation

Exam Questions: 50
Updated On: Jun 11, 2026

Question #6

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. 174 days and USD 950,475.00

C. 144 days and USD 786,600.00

D. 171 days and USD 934,087-50

Discussion 0

Correct Answer: C Vote an answer

Question #7

The 'settlement cycle' within a securities market refers to the number of days:

A. Between a trade's trade date and the actual settlement 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 security's issue date and the value date of a trade

Discussion 0

Correct Answer: B Vote an answer

Question #8

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

A. Depository Trust Company

B. Depot for Trades Corporation

C. Deposit and Trade Conglomerate

D. Depot Transaction

Discussion 0

Correct Answer: A Vote an answer

Question #9

The physical substances of natural gas/ barley and zinc fall within the following financial heading:

A. Commodities

B. Securities

C. Derivatives

D. Cash

Discussion 0

Correct Answer: A Vote an answer

Question #10

The integrity of internal books & records for securities is proven by ensuring:

A. The total ownership position is equal to the sum of the settled positions plus/minus open trades with counterparties

B. The total ownership position is equal to the sum of open and closed trades with counterparties

C. The total settled position is equal to the sum of open and closed trades with counterparties

D. The total settled position is equal to the sum of open trades and trades with a future value date

Discussion 0

Correct Answer: A Vote an answer

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