Online Access Free SOFQ Exam Questions

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

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

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

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

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 141,680.12
• B.45 days and GBP 139,739.30
• C.107 days and GBP 336,883.85
• D.76 days and GBP 236,004.15

Thefollowing is an inaccurate statement:

• A.Warrants are detachable from the original security
• B.Warrants have a variable exercise price
• C.Warrants are exercisable by the warrant holder
• D.Warrants will expire if not exercised by the expiry date

The ISIN stands for:

• A.International Secondary ID Notation; a 13-character alpha-numeric code
• B.International Securities Identification Number; a 12-character alpha-numeric code
• C.International Securities Identification Number; a 13-character alpha-numeric code
• D.International Secondary ID Notation; a 12-character alpha-numeric code