Author Description

The book provides a clear picture, at a practical level, of all the major aspects of securities settlement. Whilst describing the practical issues involved in this process, the different settlement-related risks is also described and discussed at every step. Numerous examples and real-world case vignettes will be used throughout plus a glossary of terms. Advanced topics covered in the book are securities settlement, namely derivatives; trade compensation; internal allocation of funding costs; operational performance measurement. Essential Trading and Settlement Concepts The Securities Marketplace Bringing Securities to the Securities Marketplace Structure of a Securities Trading Organisation Transaction Types Security Forms Security Types Trade Cash Value Calculation Static Data The Trade Lifecycle and Straight through Processing Trade Execution and Capture Trade Enrichment Trade Validation Trade Confirmation Trade Agreement Transaction Reporting Settlement Instructions The Role of the Custodian Pre-Value Date Settlement Instruction Statuses Settlement Failure Trade Settlement Reflecting Trade Settlement Internally Position and Trade Related Operations Funding Securities Lending & Borrowing Safe Custody Corporate Actions Reconciliation Accounting Objectives and Initiatives