Lifecycle of a Trade and Recent Regulations

Description

The Lifecycle of a Trade and Recent Regulations course is an intensive one-day foundation course that explains the mechanics of securities operations, from inception through to settlement and accounting.

What really sets our program apart is the way in which we take you, step-by-step – with plenty of real examples – through every stage of the trade lifecycle. The seminar will show you exactly how the whole process works, demystify the complexities, and really bring the topics to life.

Learning Outcomes

By attending this course, you will:

• Gain a comprehensive understanding of the processes involved in the life cycle of a securities transaction
• Explore the transaction flow from trade execution, through matching, settlement and accounting.
• Examine straight-through-processing (STP) and its importance in the international securities industry
• Discuss where STP can break down and where manual intervention is required
• Evaluate the costs of processing trades and the importance of bottom-line profitability
• Analyse the risks inherent in the securities business
• Examine the roles of the middle office and operations in controlling risk
• Study cash management, securities borrowing and lending
• Understand why securities transactions can fail, the impact and risks of failed trades, the steps that should be taken to minimise fails, and how to manage fails when they arise

Who Should Attend

The program will benefit middle-office and operations personnel, and will also be invaluable for people working outside of securities operations including internal, legal and compliance personnel, financial controllers, IT, HR and junior trading and sales.

Prerequisites

None

Seminar Content

Trades Processing and Settlement

• Trade execution and capture; exchange traded versus over the counter (OTC)
• How securities are priced and calculating the proceeds of a transaction
• Securities products, including fixed income securities, equities, derivatives
• Trading strategies and their impact on operations; long, short, arbitrage, hedge
• Primary versus secondary markets
• A new-issue timeline
• Securities administrations functions
• Roles and responsibilities of the Middle Office and operations
• The trades processing flowchart and how systems interact
• The trade to settlement timeline
• Reference data management
• The role of the centralised securities depository (CSD)
• The role of the Global Custodian
• Delivery versus payment (DVP) and free of payment (FOP) settlement
• Corporate action events

STP, Fails, and Fails Management

• Understanding STP and its importance
• How to ensure the highest level of STP
• Why securities transaction may fail
• How to avoid fails
• Why fails management is so important
• The cost and risks of fails
• Mark to market of fails
• An introduction to securities borrowing and lending
• Cash management
• Capital
• computer Fails Management Case

Risk and Controls

• What can go wrong with a securities transaction
• Understanding buy-ins
• Interest claims
• Fraud
• Money laundering
• Transaction costs
• Product control; P&L and inventory
• The mark to market process
• Cash and depo reconciliations
• computer Risk Management Case

When and Where
   7 Feb 2025
   09:00-17:00
   London
   Markets

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Other Dates and Locations
Search for Lifecycle of a Trade and Recent Regulations in our course schedule for alternative dates and locations where this course is offered.