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ICMA SOFQ (Securities Operations Foundation Qualification) Exam is a prestigious certification that aims to impart knowledge, skills, and expertise required to excel in the securities operations field. It is designed to help professionals understand the securities market's basic principles and functions and the role of different market participants in this complex ecosystem. Securities Operations Foundation Qualification (SOFQ) certification is suitable for professionals who work in operations and settlements, such as securities administrators, operations managers, and trade support staff.
ICMA SOFQ certification exam is a rigorous examination that requires extensive preparation and study. SOFQ exam is computer-based and consists of 70 multiple-choice questions, which must be completed within 2 hours. The pass mark is set at 70%, and candidates are provided with their results immediately after completing the exam. SOFQ exam is available in multiple languages and can be taken at various locations globally.
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The Securities Operations Foundation Qualification (SOFQ) is an entry-level certification exam offered by the International Capital Market Association (ICMA). SOFQ exam is designed to provide candidates with a solid foundation in securities operations, including the various aspects of the trade lifecycle, settlement, and risk management. The SOFQ exam is ideal for individuals who are new to the securities industry and want to establish a strong understanding of the key concepts and practices that underpin the market.
ICMA SOFQ Exam is suitable for anyone who is interested in working in the securities operations field, including those who are new to the industry and those who have some experience. SOFQ exam is particularly useful for those who want to develop their skills and knowledge in areas such as trade execution, investment management, and risk management. It is also a valuable qualification for those who want to demonstrate their commitment to professional development and career progression.
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| Section | Weight | Objectives |
|---|---|---|
| Clearing & Settlement | 25% | - Corporate actions processing - Settlement processes and STP - Custody and depository roles - Central vs bilateral clearing |
| Pre-Trade Environment | 15% | - Client onboarding and KYC - Master agreements and static data |
| Trade Execution & Post-Trade | 20% | - Trade capture, confirmation and matching - Middle office functions - Trading models and systems |
| Introduction to International Securities | 15% | - Primary and secondary markets - Equities vs debt securities - Market participants and roles |
| Regulatory & Operational Risk | 10% | - Key operational controls - Regulatory reporting |
| Position & Collateral Management | 15% | - Repo and securities lending - Funding and short covering - Position reconciliation |
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