Securities Operations, Processing & Accounting

The Securities Operations, Processing & Accounting Seminar was created to address securities operations, processing and accounting for both buy side and sell side participants in the financial marketplace. We begin with an examination of the types of organizations that make up the “market” and then review the major products and their related processing requirements. The transaction lifecycle is followed in its entirety from order management through portfolio management. Since the United States and Canada continue to push for a one-day settlement cycle, there will be a thorough review that includes issues such as risk management and straight through processing issues on the road to T+1.

The Securities Operations, Processing & Accounting Seminar is specially designed for participants ranging from new hires to those desiring to broaden their understanding of securities operations and processing with a special focus on the accounting and reporting topics that effect institutional investors. All functions in the processing of securities will be discussed beginning with the brokerage and the custodian perspective all the way to the final settlement of a transaction at a buy side firm. This important seminar starts with a macro view of the products, where they trade, where they settle, and outlines the function of the depositories and clearing houses. Finally, the program concludes with a discussion of the global systems and the outlook for the future.

• How the Buy Side of the Business is Structured
• Types of Buy Side Businesses: Investment Managers and Advisors, Hedge Funds, Pension Plans, Corporations, etc. Who are the Sell Side Firms?
• The Brokers and Investment Bankers Custodians and Depositories
• DTC (Depository Trust Company)
• The Stock Markets
• NYSE
• ASE
• NASDAQ
• Global Markets
• The Bond Markets
• Government
• Corporate
• Municipal
• Corporate
• Mortgage Backed
• Corporate
• Structured Products (CMO, ABS, CMBS, CBO, CDO)
• The Derivative Markets
• Options
• Futures
• Forwards
• Swaps Trade Processing Requirements
• Order/Trade Management
• Regulatory and Compliance Issues
• Securities Borrowing and Lending
• Internal and External Management
• Valuation Accounting and Sources of Market Values
• Data Sources (Bloomberg, Telerate, etc.)
• Pricing Vendors
• Internal Modeling and Pricing Matrices
• Investment Performance Measurement
• Total Return
• Benchmarking
• Corporate Actions
• Definition of a Corporate Action
• Stock Splits
• Tender Offers
• Income Processing
• Interest Accruals
• Anticipate Expected Income
• Dividend Processing
• Accounting Issues and Concerns
• Amortization and Accretion
• Book Value
• FAS 91
• FAS 115
• FAS 133
• Risk and Control Issues
• Broker Master Agreements
• The Back Office
• Segregation of Duties
• Policies and Guidelines