Securities Operations: A Guide to Trade and Position Management

Contents

Foreword

Introduction

Acknowledgements

1 Essential Trading and Settlement Concepts

1.1 Introduction

1.2 Terminology

1.3 Differences in Terminology

1.4 Differences in the Exchange of Goods/Securities and Cash

1.5 Methods of Exchanging Securities and Cash

1.6 Remaining in Control

1.7 Recording Details of Individual Trades

1.8 Summary

2 The Securities Marketplace

2.1 Introduction

2.2 Securities

2.3 Participants

2.4 Regulators

2.5 Custodians

2.6 Other Participants in the Securities Marketplace

2.7 Globalisation

2.8 Summary

3 Bringing Securities to the Marketplace

3.1 Introduction

3.2 Methods of Issuing Securities

3.3 Bond Issues via Syndication

3.4 Equity Issues via IPO and Public Offer for Sale

3.5 Post the Launch of Securities

3.6 Settlement of Trades in the Secondary Market

3.7 Further Issues of Equity

3.8 Summary

4 Structure of a Securities Trading Organisation

4.1 Introduction

4.2 The Group of Companies

4.3 Companies within a Group

4.4 Divisions within a Company

4.5 Departments within Divisions

4.6 Departments Independent of Divisions

5 Transaction Types

5.1 Introduction

5.2 Securities Transaction Types

5.3 Cash Transaction Types

5.4 Overview of Transaction Types

5.5 Automation

5.6 Summary

6 Security Forms

6.1 Introduction

6.2 Registered Securities

6.3 Bearer Securities

6.4 Methods of Transfer of Registered and Bearer Securities

6.5 Registered and Bearer Securities: Similarities and Differences

6.6 Summary

7 Security Types

7.1 Introduction

7.2 Equities

7.3 Bonds

7.4 Grouping ...