IDACS Operator/Coordinator Certification Practice Exam

Making inquiries about stocks and bonds involves using specific codes that correspond to different types of data. The correct combination for this inquiry is the usage of OWN and SOC.

OWN refers to the ownership of a particular security and is crucial when you need to pull up information that pertains to the ownership status or details about the stocks or bonds in question. It helps in identifying the details regarding who holds certain shares or bonds.

SOC stands for security ownership and is essential for pulling information that quantifies and qualifies the ownership status of various financial instruments, specifically stocks and bonds. It encompasses a broader subset of data, facilitating a comprehensive inquiry into stock and bond ownership.

Understanding how these two codes interrelate allows operators to effectively query the necessary details concerning stocks and bonds in their records. The combination of these terms provides a more robust inquiry compared to using other codes that may not be as relevant or specific to securities.