Capital Market Operations

Regulations

• International, European, Domestic
• Basel II and Basel III
• Impact on market organisation (listed and unlisted, OTC)
• Impact on investment banks: Front, Middle and Back offices
• Impact on financial products
• Organisation example

• Practical workshop

• Quizz

General processes

• Know your client (KYC)
• Life cycle of a trade: negotiation, validation, confirmation, clearing, collateral, settlement and delivery, corporate actions
• P&L calculation and control
• General accounting principles

Operational key-players and securities exchanges

• Data providers
• Brokers
• Regulated markets, multi-trading facilities
• Clearing houses
• Confirmation platforms: SWIFT, Markitserv, TRAX...
• Settlement in domestic or international currencies: central banks, correspondent banking, CLS

• Practical workshop

• Quizz

Back office operations of securities

• Buy / sell (equities, bonds, negotiable debt…)
• Repos
• Securities loans
• Settlement and delivery
• Corporate actions

• Practical workshop

• Trade example: from confirmation to delivery
• Quizz

Back office operations of financial products

• Listed derivatives
• OTC
• Cash loans
• FX (spot / forward)
• Derivatives : fixed-income, equity, FX, Credit commodities
• Issuance and matching of confirmations
• Events, collateralisation of OTC products
• Market place developments

• Practical workshop

• Issue and match confirmations
• Calculate the amount of collateral needed for a trade
• Quizz

General Accounting principles