Giving IT professionals in financial services firms a rounded and comprehensive grounding in their knowledge of their industry, this book offers a primer on the major financial instruments, transactions, and processes, as well as a sound knowledge of the principles of good IT management in the industry. The book gives readers a clear understanding of equities, bonds, currencies, listed derivatives and OTC derivatives. It explains transactions in those instruments and the requirements of business systems that process these transactions. Transactions covered include (inter-alia) agency and…mehr
Giving IT professionals in financial services firms a rounded and comprehensive grounding in their knowledge of their industry, this book offers a primer on the major financial instruments, transactions, and processes, as well as a sound knowledge of the principles of good IT management in the industry.
The book gives readers a clear understanding of equities, bonds, currencies, listed derivatives and OTC derivatives. It explains transactions in those instruments and the requirements of business systems that process these transactions. Transactions covered include (inter-alia) agency and principal purchases and sales, loans and deposits, repos and reverse repos, stock loans; and also the Sharia-compliant 'Islamic' transactions that may be used as alternatives to interest bearing transactions.
Andrew Bradford gives an introduction to how investment firms are regulated; offers an understanding of the STP (Straight-through-Processing) concept following the trade cycle for the transactions from order through to execution through pre-settlement to final settlement; covers basic accounting procedures for the transactions; and conveys the basic principles of good IT management in the investment industry.
Andrew Bradford (Cheshunt, UK) is a Consultant and an Associate of the Securities and Investment Institute with expertise and background in back office operations, and systems analysis. He has contributed articles to a wide range of financial industry periodicals published in the UK, Europe and the United States including STP Magazine, Derivatives Report, Funds Europe, Journal of Securities Operations, Wall Street and Technology, Trading Technology Week and Futures & Options World. Andrew is the author of the SII IAQ Workbook IT in Investment Operations published in May 2007. Currently a freelance consultant, he has held positions in IT, Operations and Marketing for Merrill Lynch, ABN Amro, Sanwa Bank and ACT Financial Systems.
Inhaltsangabe
Contents Introduction Acknowledgements PART ONE 1 An Introduction to Financial Instruments 2 Equities 3 Debt Instruments 4 Cash 5 Derivatives 6 Common Attributes of Financial Instruments 7 Market Participants 8 How Investment Firms are Regulated 9 Straight-Through-Processing 10 The Role of Accurate Static Data in the STP Process 11 Communications Between Industry Participants 12 The Trade Agreement and Settlement Processes 13 Failed Trades - Causes, Consequences and Resolution 14 An Overview of Investment Accounting 15 The Stock Record -Using the double-entry Convention to Control Positions and Security Quantities 16 Example STP Flows of Equity Agency Trades - When Execution Venue the London Stock Exchange 17 The STP Flow of Debt Instrument Trades 18 The STP Flow of Foreign Exchange and Money Market Trades 19 The STP Flow of Futures and Options Transactions 20 The STP Flow of SWAP and other OTC Derivative Trades 21 Stock Lending, Repos and Funding 22 The Impact of Islamic Finance 23 The Management of Positions 24 The Management of Risk PART TWO 25 The Role of the IT Department in Daily Operations 26 The Role of the IT Department in Managing Business Change 27 Package and Vendor Selection, Outsourcing and Offshoring Appendix 1 Bond Market Price Calculations Straight bond calculations Simple yield to maturity Gross redemption yield FRN calculations Simple margin Discounted margin Valuation methodologies for other types of debt instrument Appendix 2 Summary of Contractual Documents Appendix 3 Further Reading Glossary of Terms Index
Contents Introduction Acknowledgements PART ONE 1 An Introduction to Financial Instruments 2 Equities 3 Debt Instruments 4 Cash 5 Derivatives 6 Common Attributes of Financial Instruments 7 Market Participants 8 How Investment Firms are Regulated 9 Straight-Through-Processing 10 The Role of Accurate Static Data in the STP Process 11 Communications Between Industry Participants 12 The Trade Agreement and Settlement Processes 13 Failed Trades - Causes, Consequences and Resolution 14 An Overview of Investment Accounting 15 The Stock Record -Using the double-entry Convention to Control Positions and Security Quantities 16 Example STP Flows of Equity Agency Trades - When Execution Venue the London Stock Exchange 17 The STP Flow of Debt Instrument Trades 18 The STP Flow of Foreign Exchange and Money Market Trades 19 The STP Flow of Futures and Options Transactions 20 The STP Flow of SWAP and other OTC Derivative Trades 21 Stock Lending, Repos and Funding 22 The Impact of Islamic Finance 23 The Management of Positions 24 The Management of Risk PART TWO 25 The Role of the IT Department in Daily Operations 26 The Role of the IT Department in Managing Business Change 27 Package and Vendor Selection, Outsourcing and Offshoring Appendix 1 Bond Market Price Calculations Straight bond calculations Simple yield to maturity Gross redemption yield FRN calculations Simple margin Discounted margin Valuation methodologies for other types of debt instrument Appendix 2 Summary of Contractual Documents Appendix 3 Further Reading Glossary of Terms Index
Es gelten unsere Allgemeinen Geschäftsbedingungen: www.buecher.de/agb
Impressum
www.buecher.de ist ein Shop der buecher.de GmbH & Co. KG Bürgermeister-Wegele-Str. 12, 86167 Augsburg Amtsgericht Augsburg HRA 13309