This training program is designed to provide delegates with practical knowledge about the key concepts, systems, processes and procedures in international securities settlement and global custody services as well as operational risks involved.
You will have a chance to gain skills necessary to facilitate day-to-day transactions and communication processes between all parties involved as well as all stages about clearing and settlement process, the role of exchanges and clearing houses, functioning of the settlements department, role of payments in the settlements.
Day two focuses on the role and functioning of global custody, services provided, derivatives settlements, corporate actions and risk management. You will also learn about the latest sector’s trends and changes.
You will also learn about the impact of the MiFID and T2S - Target 2 Securities and upcoming T1S initiatives on the market.
The course is conducted by senior experts with many years of international experience and includes many international case studies and exercises.
What will you learn
By attending this program you will gain:
- Practical understanding of international securities settlement processes and custodial services, key players and concepts and relationships between them
- A clear understanding of the operational risks involved in these two services
- An update on recent developments of international securities settlement and custodial services including Target 2 Settlements and MiFID
- An understanding and appreciation of the communication processes between all the parties involved in a given transaction
Course Content
- Securities settlement - exploring key concepts and market context
- The relationship between exchanges and clearing houses
- Trade cycle stages
- Understanding the role of a settlement department
- The role of payment systems in securities settlements
- Settlement process including pre-settlement, settlement and reconciliation processes
- European switch to T2S (TARGET 2 Securities) and upcoming T1S settlement system
- Timing in cash management and Forex exchange
- The role and operations of CLS - Continuous Linked Settlement
- Global custody and derivatives clearing
- Core and value added services in global custody
- Identifying and managing risks in clearing, global custody and settlement
- The impact of ‘Corporate actions ‘ in custody services
- Key legal issues
- MiFID Directive
- Exploring industry trends
Speakers
Richard’s professional experience spans over 25 years. He started his career with Wells Fargo Bank, following by Fundtech and then moving to international advisory and consulting for the private and high-tech sectors providing high-level consulting, business analysis, project management and training to a wide range of banking clientele across the globe.
Over his career Richard was involved in International Trade Finance, Cross Border Payments and Settlements, Operational Risk, AML and Corporate Governance amongst others.
He has spent extensive time servicing a diversity of financial institutional clients in many countries including: UK, Ireland, China, Singapore, Hong Kong, Philippines, Korea, Malawi, Ghana, Nigeria, Kenya, South Africa, Poland, Sweden, Netherlands, Greece, Norway, Bermuda and across North America.
Clients that Richard has trained & consulted to include: JP Morgan, Abu Dhabi Commercial Bank, Qatar Exchange, Abu Dhabi Investment Authority, Central Bank of Egypt, Irish Gas, UBS, Central Bank of Ireland, Central Bank of Norway, Merrill Lynch, PGGM, BP, Asian Development Bank, African Development Bank, Instinet, Fundtech, European Central Bank, Brunei Investment Agency, British Steel Pension Fund, Salesforce and Tullet Prebon amongst others.
Who Should Attend
Professionals from Custodial and Investment Banks, Exchanges, Hedge Funds, Pension Funds and Endowments and other institutional investors from the following departments:
- Custody Services
- Settlements
- Transactions & Processing
- Compliance
- Risk Management
- Credit Risk
- Operations
- Reporting
- IT
- Customer Relationship
