Series 50: SIFMA Index

Taken from our Series 50 Online Guide

SIFMA Index

The SIFMA Index is a national rate based on a composite of 250 issuers of tax-exempt VRDOs of $10 million or more. This index was created as a floating-rate benchmark for swap transactions. A swap transaction is where two parties swap fixed interest rate payments and floating-rate payments.

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Many thanks to the fine staff at Solomon Exam Prep. I'm happy to report that I passed the Series 50 Municipal Advisor exam on my first attempt. The written material is extremely thorough and comprehensive. With respect to the online quizzes and final exams, the questions are very comparable in difficulty to the actual exam, thus providing the foundation for success. A special word of thanks to Carson for his encouragement and support.

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