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Securities Operations Foundation Qualification (SOFQ)

Last Update Dec 23, 2024
Total Questions : 50

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Securities Operations Foundation Qualification (SOFQ) Questions and Answers

Questions 1

The term 'SSI' stands for:

Options:

A.

Standing Settlement Instruction

B.

Standard Securities Instruction

C.

Settlement Standard Instruction

D.

Securities Standing Instruction

Questions 2

A S.W.I.FT. 'Bank Identifier Code' comprises::

Options:

A.

A region code, a country code and a city code

B.

A bank code, a country code and a location code

C.

A continent code, a country code and a municipality code

D.

A bank code, a continent code and a currency code

Questions 3

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

Options:

A.

Reconciliation of settled positions, per trading book and per security - between the trading department and operations

B.

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

C.

Reconciliation of trading positions, per trading book and per security - between the firm's counterparty and the firm's custodian

D.

Reconciliation of trading positions, per trading book and per security - between the trading department and operations