SOFQ

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

The date on which a securities trade is intended to settle is:A . The actual settlement dateB . The contractual trade dateC . The value dateD . The trade dateView AnswerAnswer: C

The type of organisation that provides securities underwriting services is known as aA . Investment bankB . Insurance companyC . Commercial bankD . Pension fundView AnswerAnswer: A

The Clearstream Group includes:A . The ICSD 'Clearstream Banking Paris' and the NSCD 'Clearstream Banking Munich'B . The ICSD 'Clearstream Banking Brussels' and the NCSD 'Clearstream Banking Berlin'C . The ICSD 'Clearstream Banking Luxembourg' and the NSCD 'Clearstream Banking Frankfurt'D . The ICSD 'Clearstream Banking Amsterdam' and the NSCD 'Clearstream...

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’View AnswerAnswer: D

The following are examples of money market instruments:A . Zero coupon bonds and Floating-rate notesB . Convertible bonds and Mortgage-Backed SecuritiesC . Fixed-rate bonds and Step-up bondsD . Commercial Paper and Certificate of DepositView AnswerAnswer: D

A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:A . Demandable bondB . Callable bondC . Requestable bondD . Askable bondView AnswerAnswer: B

The market in which debt is issued over the long-term describes:A . The money marketB . The foreign exchange marketC . The capital marketD . The equity marketView AnswerAnswer: C

The divisors applicable to the calculation of bank interest are:A . EUR = 360, USD = 360, GBP = 365B . EUR = 365, USD = 360, GBP = 365C . EUR = 365, USD = 365, GBP = 360D . EUR = 360, USD = 365, GBP = 360View...

Thefollowing is an inaccurate statement:A . Warrants have a variable exercise priceB . Warrants are exercisable by the warrant holderC . Warrants will expire if not exercised by the expiry dateD . Warrants are detachable from the original securityView AnswerAnswer: A