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A 3 day course Securities Settlement and Global Custody
To provide a broad overview of the Securities Settlement
and Global Custody Industry in order to give confidence to
operations staff and middle office in their dealings with
the front office.
The course will cover the most important aspects of settlements
and link the process together from decision making to purchase
or sell a security to actual settlement and safekeeping.
It examines the way in which cross border settlements are
settled in the major markets, the players who operate in it
and the instruments that need to be settled. It will also
look at the impact of regulatory changes and considers the
current trends and developments in the industry.
Day 1
Session 1 - Introduction to Settlement
- What it is
- Anatomy of a trade
- Industry initiatives driving change in the market
Session 2 - The Role of the Exchanges, CSD's and ICSD's
- What is the role of the exchanges
- Order driven, electronic markets
- Overview of alternative trading systems and disintermediation
- What is a CSD and ICSD
- What is their role and the effect of regulatory controls
Session 3 - Role of the Settlements Department
- Importance of Settlement
- Relationships and Responsibilities
- Management Information
- Regulatory requirements
Session 4 - Equities
- Overview of types of equities
- Equity related securities
- How is equity used
- The importance of equity in global financial markets
- Settlement Conventions
Day 2
Session 1 - Bonds
- Types and features of Bonds
- Market participants and users and their expectations
- Credit Ratings
- Intro to Repos
Session 2 - Bonds
- The big 6 Bond markets
- Accrued Interest Conventions
- Settlement Conventions
Session 3 - Derivatives
- Overview of Futures
- Overview of Options
- Overview of FRA's, Swaps
- Settlement Conventions in the major markets
Session 4 - Corporate Actions
- What it is and what it affects
- What the problems are
- Industry Initiatives
Day 3
Session 1 - Risk
- Definition of Risk
- Examples of what can go wrong
- Emerging Markets
- Industry Initiatives G30, ISSA
Session 2 - Overview of Global Custody
- Users and Providers
- Sub-custodians
- Custodian selection
Session 3 - Global Custody Additional Services
- Proxy Voting
- Added Value Services
- Reporting
- Portfolio valuation
- Collateral Management
Session 4 - Industry Trends and the Future
Case Study and Course Review
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