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SOFQ - Securities Operations Foundation Qualification (SOFQ)

ICMA SOFQ Last Week Results!

10

Customers Passed
ICMA SOFQ

95%

Average Score In Real
Exam At Testing Centre

85%

Questions came word by
word from this dump

50

Total Questions
ICMA SOFQ Questions Answers

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SOFQ Questions and Answers

Question # 1

Thefollowing is an inaccurate statement:

A.

Warrants have a variable exercise price

B.

Warrants are exercisable by the warrant holder

C.

Warrants will expire if not exercised by the expiry date

D.

Warrants are detachable from the original security

Question # 2

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

Question # 3

From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

A.

Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

B.

Simultaneously exchanging securities and cash with the counterparty

C.

Delivering an asset to the counterparty following successful exchange of trade confirmations

D.

Receiving the counterparty's asset before instructing release of the contra asset

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