Securities Operations

Securities administration

Securities

• Categories of securities: stocks, bonds, short-term debt instruments, trackers, certificates, warrants
• Form of instruments (bearer, registered)
• Securities codification
• Date of conveyance

Settlement and key players in securities operations

• International, European and domestic settlement
• Key-players: issuers, brokers, market authorities, custodians, (International) Central Securities Depositories

Mission and organisation of a Back Office

Settlement and delivery

• ESES
• Scope
• Sub-systems (SBI, SLAB, settlement)
• Link with Target 2
• International settlement and delivery.
• Local / regional / global custodian
• SWIFT messages (instructions, reporting)
• Focus on: CREST (Euroclear UK & Ireland), EXPRESS II (Monte Titoli), SIS SegaInterSettle, DTC
• Settlement and delivery via ICSD (Euroclear Bank and Clearstream)

Dealing with operations and securities administration

• Stock markets /OTC trades

• Practical workshop

• Stock orders flow management
• Repos

• Practical workshop

• Repo management
• Investments in UCITS

• Practical workshop

• Analysis of a prospectus, workflow of a subscription order
• Securities administration
• Managing corporate actions, tax treatment
• Issuers services

General principles of accounting for securities

Professional developments

Projects: Euroclear Single Platform, Link-up Markets, Target 2 Securities