Book description
A comprehensive text on financial market operations management
Financial Market Operations Management offers anyone involved with administering, maintaining, and improving the IT systems within financial institutions a comprehensive text that covers all the essential information for managing operations. Written by Keith Dickinson—an expert on the topic—the book is comprehensive, practical, and covers the five essential areas of operations and management including participation and infrastructure, trade life cycle, asset servicing, technology, and the regulatory environment. This comprehensive guide also covers the limitations and boundaries of operational systems and focuses on their interaction with external parties including clients, counterparties, exchanges, and more.
This essential resource reviews the key aspects of operations management in detail, including an examination of the entire trade life cycle, new issue distribution of bonds and equities, securities financing, as well as corporate actions, accounting, and reconciliations. The author highlights specific operational processes and challenges and includes vital formulae, spreadsheet applications, and exhibits.
Offers a comprehensive resource for operational staff in financial services
Covers the key aspects of operations management
Highlights operational processes and challenges
Includes an instructors manual, a test bank, and a solution manual
This vital resource contains the information, processes, and illustrative examples needed for a clear understanding of financial market operations.
Table of contents
- Preface
- Acknowledgements
- PART ONE
- PART TWO
-
PART THREE
- CHAPTER 10 Custody and the Custodians
-
CHAPTER 11 Corporate Actions
- 11.1 Introduction
- 11.2 Types of Corporate Action Event
- 11.3 Participation in Corporate Actions
- 11.4 Entitlements, Key Dates and Claims
- 11.5 Corporate Action Event Processing
- 11.6 Information Flows
- 11.7 Corporate Action Risks
- 11.8 Industry Initiatives
- 11.9 Corporate Governance and Proxy Voting
- 11.10 Withholding Tax
- 11.11 Impact on Other Departments
- 11.12 Summary
- Appendix 11.1: Corporate Action Event Type Categories
- Appendix 11.2: Voluntary and Mandatory Events for Equities and Bonds
- Notes
-
CHAPTER 12 Securities Financing
- 12.1 Introduction
- 12.2 Types of Securities Financing
- 12.3 The Players and Their Motivations
- 12.4 Intermediaries
- 12.5 Agreements and Code of Guidance
- 12.6 Securities Lending Lifecycle
- 12.7 Repurchase Agreement Lifecycle
- 12.8 Collateral and Margin
- 12.9 Default and Close-Out Provisions
- 12.10 Central Counterparty (CCP) Services
- 12.11 Summary
- Appendix 12.1: Credit Ratings – Long Term
- Appendix 12.2: Delivery by Value (DBV) Class List
- Appendix 12.3: Technology Vendors
- Notes
- PART FOUR
- About the Author
- Index
- End User License Agreement
Product information
- Title: Financial Markets Operations Management
- Author(s):
- Release date: March 2015
- Publisher(s): Wiley
- ISBN: 9781118843918
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