SOFQ Exam Questions & Answers

Exam Code: SOFQ

Exam Name: Securities Operations Foundation Qualification (SOFQ)

Updated: Apr 23, 2024

Q&As: 50

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Practice These Free Questions and Answers to Pass the Securities Operations Foundation Exam

Questions 1

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

A. 'Account Settlement1 and Tumbling Settlement'

B. Tumbling Settlement' and 'Continuing Settlement'

C. 'Continuing Settlement'and'Account Settlement'

D. 'Rolling Settlement' and 'Account Settlement'

Show Answer
Questions 2

Where Firm A has borrowed a fixed cash amount on a secured basis from Firm B, an increase in the collateral value means that:

A. Firm A has exposure and must return some collateral to Firm B

B. FirmB has exposure and must request additional collateral from Firm A

C. Firm B has exposure and must request the return of collateral from Firm A

D. Firm A has exposure and must request the return of some collateral from Firm B

Show Answer
Questions 3

The number of days of accrued interest, and the cash value of accrued interest - on a trade of GBP 30,500,000 Barclays Bank GBP Floating Rate Notes November 2028, paying interest quarterly - the current coupon rate is 3.7162% for the period 21s' November to November 21s' February, trade date 3rd February, value date 5th February, is:

A. 45 days and GBP 139,739.30

B. 76 days and GBP 236,004.15

C. 107 days and GBP 336,883.85

D. 45 days and GBP 141,680.12

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Questions 4

A 'put' option on a bond allows:

A. The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date

B. The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date

C. The bondholder to redeem their bonds prior to the bond's scheduled maturity date

D. The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date

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Questions 5

FTM Levy is charged:

A. On US equity trades -where the gross consideration is in excess of USD 10,000.00

B. On UK equity trades where the gross consideration is GBP 10,000.00 and above

C. On US equity trades where the gross consideration is USD 10,000.00 and below

D. On UK equity trades where the gross consideration is in excess of GBP 10,000.00

Show Answer

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