Securities operations : a guide to trade and position management / Michael Simmons.

Format:

Book

Author/Creator:

Simmons, Michael, 1951-

Series:

Wiley finance series.

Wiley finance series

Language:

English

Subjects (All):

Securities industry.

Financial services industry.

Physical Description:

1 online resource (488 p.)

Edition:

1st edition

Place of Publication:

Chichester, West Sussex, England ; New York, NY : J. Wiley, c2002.

Language Note:

English

System Details:

text file

Summary:

The only comprehensive account of operational risk in securities settlementsSecurities 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 compen

Contents:

Securities Operations; 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 Marketplace3.1 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 Types5.3 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 of Securities; 7.5 Derivatives; 7.6 Summary; 8 Trade Cash Value Calculation; 8.1 Introduction; 8.2 Gross Cash Value Calculation; 8.3 Additional Trade Amounts

8.4 Net Settlement Value8.5 Summary; 9 Static Data; 9.1 Introduction; 9.2 Trading Companies; 9.3 Counterparties; 9.4 Trading Books; 9.5 Currencies; 9.6 Securities; 9.7 Security Groups; 9.8 Timing of Static Data Set-Up; 9.9 Sources of Static Data; 9.10 Management of Static Data; 9.11 Summary; 10 The Trade Lifecycle and Straight Through Processing; 10.1 The Trade Lifecycle; 10.2 Straight Through Processing; 10.3 Summary; 11 Trade Execution and Capture; 11.1 Introduction; 11.2 Orders From Institutional Clients; 11.3 Trade Execution; 11.4 Trade Capture (Front Office)

11.5 Trade Capture (Settlement System)11.6 Summary; 12 Trade Enrichment; 12.1 Introduction; 12.2 Trade Enrichment Components; 12.3 Determining Factors in Trade Enrichment; 12.4 Static Data Defaulting; 12.5 Failure to Apply Static Data Defaults; 12.6 Enrichment of Counterparty Custodian Details; 12.7 Summary; 13 Trade Validation; 13.1 Introduction; 13.2 Straight Through Processing; 13.3 Fundamental Risks; 13.4 Basic Trade Validation; 13.5 Additional Trade Validation; 13.6 Methods of Trade Validation; 13.7 Summary; 14 Trade Agreement; 14.1 Introduction; 14.2 Reducing the STO's Risk

14.3 Trade Agreement Methods

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [455]) and index.

ISBN:

9786610270705

9781280270703

1280270705

9780470857151

0470857153

OCLC:

53862909