ICMA Securities Operations Foundation Qualification (SOFQ) SOFQ Exam Dumps: Updated Questions & Answers (October 2025)

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

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

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

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

The actual settlement date

The contractual trade date

The value date

The trade date

Receive securities on a Free of Payment basis

Receive securities on a Delivery versus Payment basis

Deliver securities on a Delivery versus Payment basis

Deliver securities on a Free of Payment basis

Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

Simultaneously exchanging securities and cash with the counterparty

Delivering an asset to the counterparty following successful exchange of trade confirmations

Receiving the counterparty's asset before instructing release of the contra asset

Warrants have a variable exercise price

Warrants are exercisable by the warrant holder

Warrants will expire if not exercised by the expiry date

Warrants are detachable from the original security

To take a securities position, and to remain market risk neutral

Not to take a securities position, and not to remain market risk neutra

Not to take a securities position, and to remain market risk neutral

To take a securities position, and not to remain market risk neutral

'Account Settlement1 and Tumbling Settlement'

Tumbling Settlement' and 'Continuing Settlement'

'Continuing Settlement'and'Account Settlement'

'Rolling Settlement' and 'Account Settlement’

To take a securities position, and to remain market risk neutral

Not to take a securities position, and not to remain market risk neutra

Not to take a securities position, and to remain market risk neutral

To take a securities position, and not to remain market risk neutral

Reflect the firm's settled positions at CSDs/custodians

Have the capability to capture new trades

Hold the firm's current trading positions

Have the capability to amend and cancel trades

United Nations

Xerox Corporation

German Government

China Investment Corporation