Free ICMA SOFQ Practice Test & Real Exam Questions

Question #1

Within the security entitled 'Exxon Mobil Corporation USD 1.00 Common Stock', the 'USD 1.00' is commonly known as the:

A. share size

B. par value

C. notional quantity

D. issue value

Discussion 0

Correct Answer: B Vote an answer

Question #2

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

A. Local custodians

B. National central securities depositories

C. International central securities depositories

D. Global custodians

Discussion 0

Correct Answer: D Vote an answer

Question #3

IPO' stands for:

A. Integrated Post Offering

B. Initial Public Offering

C. Inclusive Pre Offering

D. International Private Offering

Discussion 0

Correct Answer: B Vote an answer

Question #4

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

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

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

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

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

Discussion 0

Correct Answer: B Vote an answer

Question #5

The divisors applicable to the calculation of bank interest are:

A. EUR = 360, USD = 360, GBP = 365

B. EUR = 365, USD = 365, GBP = 360

C. EUR = 365, USD = 360, GBP = 365

D. EUR = 360, USD = 365, GBP = 360

Discussion 0

Correct Answer: A Vote an answer

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