Operations and IT Training
The program will benefit middle office and operations personnel, and will also be invaluable for people working outside of securities operations including internal, legal and compliance personnel, financial controllers, IT, HR and junior trading and sales.
The principal objectives of this one-day seminar are to:
Show that securities borrowing and lending is a vitally important element in the working of the international securities markets and yet the basics concepts of the functions remain widely misunderstood.
Provide a comprehensive overview of ‘Securities Financing’ and explain who is involved in repo, lending and borrowing securities and why.
Use actual case studies to explain the economics of lending and borrowing.
Explore the risks and controls of the business.
De-mystify securities borrowing and lending to those not directly involved.
An Introduction to Securities Borrowing and Lending
What is securities and lending and borrowing
Who are the market participants?
The lenders; institutions, global custodians, the CSDs
The role of the Prime Broker
Automatic borrowing and fails coverage programmes
Who should lend and who should borrow
The economics of borrowing and lending
The basic transaction-a trade flow diagram
Repos versus securities borrowing and lending
Managing fails with securities borrowing
Collateral and collateral management
Are there any risks
Securities Borrowing Case
NB All practical sessions are highlighted like this:
means a Workshop or Simulation
means a Case study
"This seminar is probably the best professional training in my career. "
– Boris S.
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