Financial Markets Operations Management (The Wiley Finance Series) - Hardcover

Über die Autorin bzw. den Autor

KEITH DICKINSON is Director of The Settlement & Management Research Consultancy Limited, Principal of Financial Markets Training Limited and a Senior Teaching Fellow at the International Business School Suzhou at Xi'an Jiaotong-Liverpool University, Suzhou. His career has spanned twenty years as an industry practitioner in operations and over twenty years in executive education and academia.

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Filling a gap in the literature, Financial Markets Operations Management gives operations professionals a guide for navigating the settlement and post-settlement environment for securities and derivatives. Comprehensive in scope, the text covers the trade lifecycle for these financial products from trade capture, pre-settlement and settlement through to the custody of assets and asset servicing. Written by Keith Dickinson – a noted financial academic and practitioner – this important resource offers an understanding of operations as it pertains to financial instruments, data management, and various types of organisations.

Financial Markets Operations Management reviews the organisational structure of a typical investment company as well as the internal and external relationships that operations typically manage. The text explains the essential operational features and explores the transaction calculations, including accrued interest for bonds. The author then explores how the various intermediaries and market infrastructures enable lenders and borrowers to operate. The section on the post-trade processing phase contains the essentials on the clearing systems and distinguishes between clearing houses and central counterparties. Step by step, the text follows the initial post-trade processes of clearing and the pre-settlement forecasting of cash and securities and describes the different types of settlement including “Delivery versus Payment.” Dickinson gives a clear explanation for the reasons trades fail to settle and what actions can be taken to manage failures.

In this practical resource, Dickinson includes an analysis of the complexities, processing requirements, and information flow of the most risky area within operations – Corporate Actions. Financial Markets Operations Management also describes the different forms of securities financing and explains the associated risks and the ways these risks are mitigated. The author explains how the securities transactions impact the profit & loss statement and balance sheet. The concluding chapter, reviews the importance of efficient and timely asset reconciliation and reveals how it can be used as a predictive tool to prevent problems from occurring.

This essential text covers the most crucial information for operational staff working in financial services and contains a wealth of formulas, questions and problems within each chapter, along with helpful spreadsheet applications and exhibits.

Aus dem Klappentext

Filling a gap in the literature, Financial Markets Operations Management gives operations professionals a guide for navigating the settlement and post-settlement environment for securities and derivatives. Comprehensive in scope, the text covers the trade lifecycle for these financial products from trade capture, pre-settlement and settlement through to the custody of assets and asset servicing. Written by Keith Dickinson – a noted financial academic and practitioner – this important resource offers an understanding of operations as it pertains to financial instruments, data management, and various types of organisations.

Financial Markets Operations Management reviews the organisational structure of a typical investment company as well as the internal and external relationships that operations typically manage. The text explains the essential operational features and explores the transaction calculations, including accrued interest for bonds.The author then explores how the various intermediaries and market infrastructures enable lenders and borrowers to operate. The section on the post-trade processing phase contains the essentials on the clearing systems and distinguishes between clearing houses and central counterparties. Step by step, the text follows the initial post-trade processes of clearing and the pre-settlement forecasting of cash and securities and describes the different types of settlement including "Delivery versus Payment." Dickinson gives a clear explanation for the reasons trades fail to settle and what actions can be taken to manage failures.

In this practical resource, Dickinson includes an analysis of the complexities, processing requirements, and information flow of the most risky area within operations – Corporate Actions. Financial Markets Operations Management also describes the different forms of securities financing and explains the associated risks and the ways these risks are mitigated. The author explains how the securities transactions impact the profit & loss statement and balance sheet. The concluding chapter, reviews the importance of efficient and timely asset reconciliation and reveals how it can be used as a predictive tool to prevent problems from occurring.

This essential text covers the most crucial information for operational staff working in financial services and contains a wealth of formulas, questions and problems within each chapter, along with helpful spreadsheet applications and exhibits.