SOFQ Online Practice Questions and Answers

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'

IPO' stands for:

A. International Private Offering

B. Inclusive Pre Offering

C. Initial Public Offering

D. Integrated Post Offering

The ISO currency code 'CHF represents:

A. Ivory Coast Franc

B. Chinese Renminbi

C. Swiss France

D. Norwegian Krone

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

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

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

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

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

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

A. Depository Trust Company

B. Depot Transaction

C. Deposit and Trade Conglomerate

D. Depot for Trades Corporation

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

A. Cash

B. Derivatives

C. Commodities

D. Securities

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

A. A dirty price

B. A fresh price

C. A clean price

D. A cloudy price

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

A. issue value

B. par value

C. notional quantity

D. share size

A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:

A. A zero interest bond

B. A nil interest bond

C. A zero coupon bond

D. A zero interest note

The International Monetary Fund is an example of:

A. A supranational organisation

B. A sovereign wealth fund

C. An investment bank

D. A securities market regulator