SOFE SOFA-CFE Exam - Topic 6 Question 2 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 2
Topic #: 6

[All SOFA-CFE Questions]

What represents balances due from brokers when a security has been sold, but the proceeds have not been received?

APayable for securities

BReceivable for securities

CSecurity balancing

DPremium security

Show Suggested Answer

Suggested Answer: B

by Cecily at May 05, 2022, 04:18 AM

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Ahmad

7 months ago

Yeah, I was surprised too!

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Tequila

7 months ago

I thought it was "Payable for securities."

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Lizette

7 months ago

Wait, is it really that simple?

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Coleen

7 months ago

Totally agree, that's the correct term!

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Glenn

7 months ago

It's definitely "Receivable for securities."

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Elfrieda

8 months ago

I feel like I’ve seen a question like this before, and I think "Receivable for securities" was the right answer then too.

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Junita

8 months ago

I’m a bit confused; I thought "Payable for securities" could also fit, but that seems more like what we owe rather than what we’re owed.

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Mabel

8 months ago

I think it might be "Receivable for securities," but I'm not entirely sure. It sounds familiar from the practice questions.

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Wendell

8 months ago

I remember something about balances due being classified as receivables, so I’m leaning towards option B as well.

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Aliza

8 months ago

Wait, isn't HTTP just the basic web protocol? I don't think that's considered secure.

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Leslee

8 months ago

This seems like a straightforward Splunk question. I'm going to go with B. Splunk definitely parses data and assigns metadata, so that part of the statement is accurate.

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Yolande

8 months ago

Hmm, I'm a bit unsure about this one. I'll need to review my notes on the RTN 910A CSHR board and its connectivity options.

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