{"product_id":"securities-operations-isbn-9780471497585","title":"Securities Operations","description":"The only comprehensive account of operational risk in securities settlements\u003cbr\u003e Securities Operations focuses on the settlement aspects of a securities transaction. As financial analysts make a greater effort toward quantifying and managing operational risk, they are paying more attention to securities transactions in general and to the settlement phase in particular. While describing the practical issues, this book enumerates the different \"back office\" related risks potentially encountered throughout the settlement. Simmons also covers more advanced topics such as derivatives, trade compensation, internal allocation of funding costs, and operational performance measurement.\u003cbr\u003e Michael Simmons (London, UK) is currently Head of Business Consultancy at Wilco International, a major software systems provider to the financial markets.\u003cbr\u003e Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.Dieses Buch befasst sich mit der Abwicklung von offenen Handelspositionen im Wertpapierhandel. Der Abschluss eines Wertpapiergeschäfts ist mit bestimmten Risiken verbunden, die sich aber durch gute Schulung und fundiertes Wissen minimieren lassen. \"Securities Operational Management\" ist das einzige Buch auf dem Markt, das die Abwicklung von Wertpapiergeschäften praxisnah, topaktuell und umfassend diskutiert. Autor Michael Simmons ist ein erfahrener Experte auf diesem Gebiet; er ist Leiter der Abwicklungsabteilung einer Großbank und bietet Trainingskurse für Back Office-Mitarbeiter an.  Essential Trading and Settlement Concepts.\u003cbr\u003e \u003cbr\u003e The Securities Marketplace.\u003cbr\u003e \u003cbr\u003e Bringing Securities to the Securities Marketplace.\u003cbr\u003e \u003cbr\u003e Structure of a Securities Trading Organisation.\u003cbr\u003e \u003cbr\u003e Transaction Types.\u003cbr\u003e \u003cbr\u003e Security Forms.\u003cbr\u003e \u003cbr\u003e Security Types\u003cbr\u003e \u003cbr\u003e Trade Cash Value Calculation\u003cbr\u003e \u003cbr\u003e Static Data\u003cbr\u003e \u003cbr\u003e The Trade Lifecycle and Straight Through Processing\u003cbr\u003e \u003cbr\u003e Trade Execution and Capture.\u003cbr\u003e \u003cbr\u003e Trade Enrichment.\u003cbr\u003e \u003cbr\u003e Trade Validation.\u003cbr\u003e \u003cbr\u003e Trade Confirmation.\u003cbr\u003e \u003cbr\u003e Trade Agreement\u003cbr\u003e \u003cbr\u003e Transaction Reporting.\u003cbr\u003e \u003cbr\u003e Settlement Instructions.\u003cbr\u003e \u003cbr\u003e The Role of the Custodian\u003cbr\u003e \u003cbr\u003e Pre-Value Date Settlement Instruction Statuses\u003cbr\u003e \u003cbr\u003e Settlement Failure\u003cbr\u003e \u003cbr\u003e Trade Settlement\u003cbr\u003e \u003cbr\u003e Reflecting Trade Settlement Internally\u003cbr\u003e \u003cbr\u003e Position and Trade Related Operations\u003cbr\u003e \u003cbr\u003e Funding.\u003cbr\u003e \u003cbr\u003e Securities Lending \u0026amp; Borrowing.\u003cbr\u003e \u003cbr\u003e Safe Custody\u003cbr\u003e \u003cbr\u003e Corporate Actions\u003cbr\u003e \u003cbr\u003e Reconciliation.\u003cbr\u003e \u003cbr\u003e Accounting\u003cbr\u003e \u003cbr\u003e Objectives and Initiatives \"…Securities Operations provides an accessible and thorough review of the world of securities processing…its language is clear and its structure is excellent…Importantly, the author compliments this overview with useful worked examples and diagrammatic representations that add greatly to the readers understanding…\" (GSCS Benchmarks, Vol.10, No.5)  MICHAEL SIMMONS has spent the majority of his working life within the operational areas of stockbroking and international investment banking firms, most notably with the S.G. Warburg group in London. Having gained a detailed understanding of various back office tasks through many years of hands-on experience, he assumed managerial responsibility for a number of operational areas.\u003cbr\u003e \u003cbr\u003e In recent years, Michael has worked for Wilco International in London (part of the ADP group of companies, headquartered in the U.S., suppliers of software systems to the global financial community), where he heads up a team of securities industry specialists. Michael's area of expertise includes the analysis of the business needs of companies operating in various capacities within the securities industry and in different geographical locations. In addition, he has created and runs training courses on the workings of the securities industry and associated operational aspects to audiences around the world.  As the securities industry becomes increasingly automated, understanding of the start-to-end operational processes and the underlying reasons as to why the tasks are performed is likely to diminish. Yet, knowledge of the 'bigger picture' is essential for implementing efficiencies and benefits. In this book, Michael Simmons clarifies the operational process from start to finish, highlighting appropriate risk management strategies.\u003cbr\u003e \u003cbr\u003e The book:\u003cbr\u003e * Introduces the reasons for the existence of securities and describes the roles of the various participants within the industry\u003cbr\u003e * Develops the reader's knowledge of the trade lifecycle and other operational activities in a logical sequence\u003cbr\u003e * Describes real-life events to illustrate topics\u003cbr\u003e * Conveys both the risks inherent in the various activities and the necessary controls to minimise such risks\u003cbr\u003e * Provides descriptions of typical automation in today's operational processing environment\u003cbr\u003e * Describes securities industry objectives and the initiatives being developed to achieve them.  \" A much needed work in the field. Simmons' book should become compulsory reading for those working in securities operations and settlements. This book is certainly one of the best references in the area.\" Dr Marcelo Cruz, CEO, RiskMaths\u003cbr\u003e \u003cbr\u003e \"A thorough and long overdue insight into the world of securities processing written in everyday language which will appeal to everyone from operations professionals to executive management. The book will find itself on many bookshelves in offices around the world.\" Kevin Milne, Executive Managing Director, Omgeo\u003cbr\u003e \u003cbr\u003e \"By applying a clear considered approach that draws upon the author's own experiences and offers real-life examples of the costs and risks of getting it wrong', this book gives the reader a solid foundation in all operational aspects of a high-profile and evolving industry.\" David Tarling, WestLB\u003cbr\u003e \u003cbr\u003e The operational activities that follow a trade are an important and essential part of the securities industry's business. Written by an author with many years experience within this sector, Securities Operations: A Guide to Trade Position Management sets out to demystify the subject and provides a thorough, step-by-step introduction to securities operations.\u003cbr\u003e \u003cbr\u003e Securities Operations: A Guide to Trade and Position Management is a comprehensive source for understanding operational processing of securities. Explaining in detail both the individual components their relation to each other within the operations process, the reader will gain a clear and thorough understanding of the subject, and in particular the potential risks involved and strategies to mitigate them.\u003cbr\u003e \u003cbr\u003e Securities Operations: A Guide to Trade and Position Management is essential reading for all those involved in the securities industry, from new recruits to those involved in both the day-to-day operations process and those within executive management. It will also be of value to those providing consultancy and software solutions to investment banks.","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989998485733,"sku":"NP9780471497585","price":171.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471497585.jpg?v=1761786159","url":"https:\/\/k12savings.com\/es\/products\/securities-operations-isbn-9780471497585","provider":"K12savings","version":"1.0","type":"link"}