Securities Clearing and Settlement

Reference:

Technical training

Securities

Webinar

Incompany

1 day

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”.

Course Content

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
Characteristics of central securities depositories, both domestic and international
TARGET 2 Securities
Settlement criteria
Impact of instrument characteristics on settlement
Differences in market practice in diverse markets
Standardisation of clearing and settlement
Principal risk and regulatory issues affecting clearing and settlement

Target Audience

Financial service professionals who want to have a good understanding of securities clearing and settlement.