Practice SOFQ Exam Online

Question 1

'ISO' stands for:

A : vention of Standards for Organisations

B : tercontinental Symposium of Organisations

C : ternational Organisation for Standardisation

D : traterritorial Organisation of Securities

Answer: C

Question 2

The US regulator 'SEC stands for:

A : curities Exchange Corporation

B : curities Enterprise Conglomerate

C : curities and Exchange Commission

D : curities Endeavour Company

Answer: C

Question 3

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

A : livering an asset to the counterparty prior to receipt of the contra asset from the counterparty

B : multaneously exchanging securities and cash with the counterparty

C : livering an asset to the counterparty following successful exchange of trade confirmations

D : ceiving the counterparty's asset before instructing release of the contra asset

Answer: D

Question 4

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

A : pository Trust Company

B : pot Transaction

C : posit and Trade Conglomerate

D : pot for Trades Corporation

Answer: A

Question 5

Thefollowing is an inaccurate statement:

A : rrants have a variable exercise price

B : rrants are exercisable by the warrant holder

C : rrants will expire if not exercised by the expiry date

D : rrants are detachable from the original security

Answer: A

Name:	Securities Operations Foundation Qualification (SOFQ)
Exam Code:	SOFQ
Certification:	Securities Operations Foundation
Vendor:	ICMA
Total Questions:	51
Last Updated:	Nov 07, 2025

ICMA SOFQ Answers