Clearing, settlement, and custody

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1. Verfasser: Loader, David (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Oxford Butterworth-Heinemann 2002
Schriftenreihe:Operations management series (Securities Institute)
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MARC

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500 |a 'Clearing, Settlement and Custody' focuses on the clearing, settlement and custody functions by analyzing how they work and the interaction between the organizations involved. The author examines the roles of clearing houses, central counterparties, central securities depositories and the custodians, as well as, assessing the impact on the workflow and procedures in the operations function at banks, brokers and institutions. The changes that are taking place in the industry are explored and the impact for operations managers and supervisors assessed. Clearing, settlement and custody is at the heart of everything that happens in the financial markets. The evolution of clearing and settlement is one that is still happening and as such, it is impacting on the operations function through both new practices but also, increasingly, in terms of regulation, risk and reputation.  
500 |a In essence the efficient clearing and settlement operation is managing risk, not because it is a direct part of the process but more because it is a bi-product. The routine procedures relate to reconciliation and record keeping. If these are performed efficiently and accurately it will result in accurate records of activity and profit and loss. The settlement process is a key element in identifying and correcting errors made by dealers and traders. Failure to identify the error or act promptly will result in potentially serious financial loss, as well as worrying audit and the regulators. In addition to these concerns the financial service sector is also undergoing a massive rationalization of the structure of clearing and settlement and seeking the twin goals of automation and shortening settlement cycles.  
500 |a The challenge for operations managers is considerable: manage costs, eradicate inefficiencies, create an environment to be competitive, and implement the procedures to meet future changes that will occur. In this book the author looks at some of the different roles, the processes and procedures, and the key issues, in order to help those in operations meet the challenge. The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry. Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals. A comprehensive resource from a leading financial management consultant for global banks and institutions 
500 |a Includes bibliographical references (p. [179]-180) and index 
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999 |a oai:aleph.bib-bvb.de:BVB01-027753518 

Datensatz im Suchindex

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dewey-hundreds 300 - Social sciences
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spelling Loader, David Verfasser aut
Clearing, settlement, and custody David Loader
Oxford Butterworth-Heinemann 2002
1 Online-Ressource (xi, 235 p.)
txt rdacontent
c rdamedia
cr rdacarrier
Operations management series (Securities Institute)
'Clearing, Settlement and Custody' focuses on the clearing, settlement and custody functions by analyzing how they work and the interaction between the organizations involved. The author examines the roles of clearing houses, central counterparties, central securities depositories and the custodians, as well as, assessing the impact on the workflow and procedures in the operations function at banks, brokers and institutions. The changes that are taking place in the industry are explored and the impact for operations managers and supervisors assessed. Clearing, settlement and custody is at the heart of everything that happens in the financial markets. The evolution of clearing and settlement is one that is still happening and as such, it is impacting on the operations function through both new practices but also, increasingly, in terms of regulation, risk and reputation.
In essence the efficient clearing and settlement operation is managing risk, not because it is a direct part of the process but more because it is a bi-product. The routine procedures relate to reconciliation and record keeping. If these are performed efficiently and accurately it will result in accurate records of activity and profit and loss. The settlement process is a key element in identifying and correcting errors made by dealers and traders. Failure to identify the error or act promptly will result in potentially serious financial loss, as well as worrying audit and the regulators. In addition to these concerns the financial service sector is also undergoing a massive rationalization of the structure of clearing and settlement and seeking the twin goals of automation and shortening settlement cycles.
The challenge for operations managers is considerable: manage costs, eradicate inefficiencies, create an environment to be competitive, and implement the procedures to meet future changes that will occur. In this book the author looks at some of the different roles, the processes and procedures, and the key issues, in order to help those in operations meet the challenge. The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry. Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals. A comprehensive resource from a leading financial management consultant for global banks and institutions
Includes bibliographical references (p. [179]-180) and index
BUSINESS & ECONOMICS / Investments & Securities / General bisacsh
Wirtschaft
Clearing of securities
Clearinghouses (Banking)
Electronic books
http://www.sciencedirect.com/science/book/9780750654845 Verlag Volltext
spellingShingle Loader, David
Clearing, settlement, and custody
BUSINESS & ECONOMICS / Investments & Securities / General bisacsh
Wirtschaft
Clearing of securities
Clearinghouses (Banking)
title Clearing, settlement, and custody
title_auth Clearing, settlement, and custody
title_exact_search Clearing, settlement, and custody
title_full Clearing, settlement, and custody David Loader
title_fullStr Clearing, settlement, and custody David Loader
title_full_unstemmed Clearing, settlement, and custody David Loader
title_short Clearing, settlement, and custody
title_sort clearing settlement and custody
topic BUSINESS & ECONOMICS / Investments & Securities / General bisacsh
Wirtschaft
Clearing of securities
Clearinghouses (Banking)
topic_facet BUSINESS & ECONOMICS / Investments & Securities / General
Wirtschaft
Clearing of securities
Clearinghouses (Banking)
url http://www.sciencedirect.com/science/book/9780750654845
work_keys_str_mv AT loaderdavid clearingsettlementandcustody