Free Access ICMA.SOFQ.v2022-01-25.q16 Practice Test (Page 4)

Question 11

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 139,739.30

B.76 days and GBP 236,004.15

C.45 days and GBP 141,680.12

D.107 days and GBP 336,883.85

Question 12

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

A.The total ownership position is equal to the sum of open and closed trades with counterparties

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

C.The total settled position is equal to the sum of open and closed trades with counterparties

D.The total ownership position is equal to the sum of the settled positions plus/minus open trades with counterparties

Question 13

The price of a bond trade which excludes accrued interest is known as:

A.A cloudy price

B.A fresh price

C.A dirty price

D.A clean price

Question 14

A 'put' option on a bond allows:

A.The bondholder to redeem their bonds prior to the bond's scheduled maturity date

B.The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date

C.The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date

D.The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date

Question 15

The number of days of accrued interest, and the cash value of accrued interest - on a trade of USD 45,000,000 World Bank 4.37% Bonds 1st December 2032, paying interest semi-annually on 1st December and Ist June, trade date 22~d October, value date 25tl October, is:

A.144 days and USD 786,600.00

B.141 days and USD 770,212.50

C.171 days and USD 934,087-50

D.174 days and USD 950,475.00

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Question 11

Question 12

Question 13

Question 14

Question 15

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