Securities clearing and settlement is an area that is changing constantly. It is essential for financial service providers to keep up with changes in this area, since an error or a failure in settlement can have significant consequences. This course provides participants with a solid understanding of what happens to securities “after the trade is made”.
Classification of securities according to the ISO standard 10962
Life cycle of a securities transaction
Differences between clearing and settlement
Net vs. gross clearing
Clearing and central counterparties
Approaches to settlement
Impact of instrument characteristics on settlement
Characteristics of central securities depositories, both domestic and international
Differences in market practice in diverse markets
Standardisation of clearing and settlement
Principal risk and regulatory issues affecting clearing and settlement
1 day for up to 12 participants
Financial service professionals who want to have a good understanding of securities clearing and settlement.