Free Securities Operations Foundation Qualification (SOFQ) Exam SOFQ Exam Practice Test

The calculation of profit and loss for securities includes:

• Realised (potential) P&Land Unrealised (actual) P&L
• Realised (projected) P&L and Unrealised (authentic) P&L
• Realised (predicted) P&L and Unrealised (likely) P&L
• Realised (actual) P&Land Unrealised (potential) P&L

The Clearstream Group includes:

• The ICSD 'Clearstream Banking Paris' and the NSCD 'Clearstream Banking Munich'
• The ICSD 'Clearstream Banking Brussels' and the NCSD 'Clearstream Banking Berlin'
• The ICSD 'Clearstream Banking Luxembourg' and the NSCD 'Clearstream Banking Frankfurt'
• The ICSD 'Clearstream Banking Amsterdam' and the NSCD 'Clearstream Banking Luxembourg'

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'

Accrued interest is designed to:

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

The type of organisation that specializes in deposit-taking and cash loans is known as a:

• Mutual fund
• Commercial bank
• Investment bank
• Private bank

The price of a bond trade which excludes accrued interest is known as:

• A dirty price
• A fresh price
• A clean price
• A cloudy price

The term 'SSI' stands for:

• Standing Settlement Instruction
• Standard Securities Instruction
• Settlement Standard Instruction
• Securities Standing Instruction

An example of an organisation classified as a sovereign wealth fund is:

• United Nations
• Xerox Corporation
• German Government
• China Investment Corporation

The ISIN stands for:

• International Securities Identification Number; a 13-character alpha-numeric code
• International Secondary ID Notation; a 13-character alpha-numeric code
• International Securities Identification Number; a 12-character alpha-numeric code
• International Secondary ID Notation; a 12-character alpha-numeric code

The US regulator 'SEC stands for:

• Securities Exchange Corporation
• Securities Enterprise Conglomerate
• Securities and Exchange Commission
• Securities Endeavour Company