Handbook Of Global Securities Operations

The authors, NealeSteiniger and Jerry O'Connell, have combined their expertise and experience to write the definitive reference book on global securities markets activities. Read this book for an easy to understand description of the clearance, settlement, and custody processes and flows. Gain an understanding of the roles of the participants in a global trade, entries as the trade progresses from execution to settlement and through corporate actions. Follow the flows of the markets in Brazil, Hong Kong and the United Kingdom and reference a glossary of terms.Table of ContentsAcknowledgements Forward by Chuck Wiley Introduction I Chapter Introduction: About This Book Part I Pre-Settlement Chapter 1 Setting the Stage Chapter 2 The Order Flow Chapter 3 The Confirmation Process Chapter 4 The Market-side Chapter 5 The Clearance Process Part II Settlement Chapter 6 The Settlement Process Chapter 7 Inventory Control and Registration Questions Part III Post-Settlement Chapter 8 Financing and Cash Management Chapter 9 Income Processing Chapter 10 Corporate Actions Chapter 11 Tax Withholding Chapter 12 Securities Lending Chapter 13 Custody Questions Part IV Beyond Settlement Chapter 14 Risk Management Chapter 15 Industry Organizations Answers to Sections 1, 2, & 3-289 Appendix A VMU Customer Value Proposition: Investment Managers Appendix B VMU Customer Value Proposition: Broker/Dealers Appendix C VMU Customer Value Proposition: Custodian Banks Glossary

As the industry-altering shift from Trade Date +5 to Trade Date +3 grows ever closer, securities operations executives and managers are looking for facts, figures and updates on new technology that will enable them to meet the new 3-day settlement periods. This text ties together much-needed information on the back office (operations) and the data processing (information systems) functions of international securities industries.

The only comprehensive account of operational risk in securities settlements Securities Operations focuses on the settlement aspects of a securities transaction. As financial analysts make a greater effort toward quantifying and managing operational risk, they are paying more attention to securities transactions in general and to the settlement phase in particular. While describing the practical issues, this book enumerates the different "back office" related risks potentially encountered throughout the settlement. Simmons also covers more advanced topics such as derivatives, trade compensation, internal allocation of funding costs, and operational performance measurement. Michael Simmons (London, UK) is currently Head of Business Consultancy at Wilco International, a major software systems provider to the financial markets. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.