Simmons Securities Operations

A Guide to Trade and Position Management
1. Auflage 2003
ISBN: 978-0-470-85715-1
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 486 Seiten, E-Book

Reihe: Wiley Finance Series

The only comprehensive account of operational risk in securitiessettlements
Securities Operations focuses on the settlement aspects of asecurities transaction. As financial analysts make a greater efforttoward quantifying and managing operational risk, they are payingmore attention to securities transactions in general and to thesettlement phase in particular. While describing the practicalissues, this book enumerates the different "back office" relatedrisks potentially encountered throughout the settlement. Simmonsalso covers more advanced topics such as derivatives, tradecompensation, internal allocation of funding costs, and operationalperformance measurement.
Michael Simmons (London, UK) is currently Head of BusinessConsultancy at Wilco International, a major software systemsprovider to the financial markets.
Over the years, financial professionals around the world havelooked to the Wiley Finance series and its wide array ofbestselling books for the knowledge, insights, and techniques thatare essential to success in financial markets. As the pace ofchange in financial markets and instruments quickens, Wiley Financecontinues to respond. With critically acclaimed books by leadingthinkers on value investing, risk management, asset allocation, andmany other critical subjects, the Wiley Finance series provides thefinancial community with information they want. Written to provideprofessionals and individuals with the most current thinking fromthe best minds in the industry, it is no wonder that the WileyFinance series is the first and last stop for financialprofessionals looking to increase their financial expertise.

Autoren/Hrsg.

Simmons, Michael

Inhaltsverzeichnis

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

Über Autor(innen)

MICHAEL SIMMONS has spent the majority of his working life withinthe operational areas of stockbroking and international investmentbanking firms, most notably with the S.G. Warburg group in London.Having gained a detailed understanding of various back office tasksthrough many years of hands-on experience, he assumed managerialresponsibility for a number of operational areas.
In recent years, Michael has worked for Wilco International inLondon (part of the ADP group of companies, headquartered in theU.S., suppliers of software systems to the global financialcommunity), where he heads up a team of securities industryspecialists. Michael's area of expertise includes the analysis ofthe business needs of companies operating in various capacitieswithin the securities industry and in different geographicallocations. In addition, he has created and runs training courses onthe workings of the securities industry and associated operationalaspects to audiences around the world.