Settlements and Securities Operations: The ins and outs of the Back Office.
Back Office Operations personnel are often the “unsung” heroes of the financial markets. Their role in trade processing and pre and post trade settlement is vital to the functioning of any financial market. This course is directed at this sector of the market or anyone interested in getting involved in Securities Operations. Both On-Exchange and OffExchange trades are included and local and international examples are used.
Course 1. An overview of Securities Operations The importance and scope of Securities Operations Where Securities Operations fits into the Big Picture. Types of Securities and the deal ticket Settlement and Securities Operations jargon Legal Documentation – ISDA & ICMA 2. The Trade Lifecycle – From Front office to Back Office The front office and other departments involved in moving the trade to the back office (e.g. the role of risk, the role of compliance, static data etc) Trade Execution and Capture Trade Enrichment and Validation Trade Agreement and Reporting Settlement Instructions Reconciliation The Role of the Custodian The CSD (Included in this section will be international conventions, such as ISIN, CUSIP, SEDOL, SWIFT, BIC etc.) 3. Settlement Global Settlement systems and procedures Local Settlement systems and procedures Securities settlement, FOREX settlement as well as OTC derivative trade matching. (We will look at all types of settlement systems and jargon – from SFIDVP, RTGS, G30 to NPS, CLS and STRATE.) 4. Settlement Failure and its Prevention The impact of settlement failure Repos and securities lending. Collateral 5. Some of the common Corporate Actions 6. Operations Risk The scope of Operational Risk Policies, Procedures and Regulation Examples of Corporates where it went wrong! 7. An Overview of STP and some Global Initiatives. Course Details Duration: Level: Prerequisites: 1 Day Introductory A basic understanding of the financial markets is recommended but not necessary. All organisations Securities Operations Staff Compliance Staff Regulators & Auditors Treasury Consultants Junior Front Office Personnel Mark Raffaelli CFA, FRM R2,500 + vat = R 2,850 Send more than 3 delegates simultaneously and get 10% discount on the third and subsequent delegates 28th October 2008 (9h00 -16h30)
Suitable for:
Lead Tutor: Cost:
Dates (JHB):
Where (JHB):
Glenhove Conference Centre: 52 Glenhove Road, Melrose, JHB (refer to the web address below for a detailed map).
Tutor Profile Mark graduated with a Bachelor of Commerce from the University of Natal, South Africa in 1990. He is a CFA Charterholder and a member of the CFA Institute. He is also a fellow member of the Global Association of Risk Professionals (GARP) and has the Financial Risk Manager (FRM) qualification. Mark’s extensive experience ranges from trading in Spot & Derivative Products and Consulting, to the development of Risk Models, Pricing Software and Trading Systems. Those who have been to Mark’s courses will know about his passion for the financial markets and ability to cut through jargon, simplify technical issues and provide real life examples. He has been nicknamed the “Steve Irwin of the financial markets”. Easy ways to book ℡ Phone (011) 463 2721 Email info@geometricprogression.co.za Web www.geometricprogression.co.za Fax (011) 463 3353 Post P O Box 781792, Sandton, 2146 Terms and Conditions Apply
Phone (011) 463 2721
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