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

Dickinson, Keith

Hardcover

ISBN 10: 1118843916 ISBN 13: 9781118843918

Publisher: Wiley, 2015

Synopsis

A comprehensive text on financial market operations management

Financial Market Operations Management offers anyone involved with administering, maintaining, and improving the IT systems within financial institutions a comprehensive text that covers all the essential information for managing operations. Written by Keith Dickinson―an expert on the topic―the book is comprehensive, practical, and covers the five essential areas of operations and management including participation and infrastructure, trade life cycle, asset servicing, technology, and the regulatory environment. This comprehensive guide also covers the limitations and boundaries of operational systems and focuses on their interaction with external parties including clients, counterparties, exchanges, and more.

This essential resource reviews the key aspects of operations management in detail, including an examination of the entire trade life cycle, new issue distribution of bonds and equities, securities financing, as well as corporate actions, accounting, and reconciliations. The author highlights specific operational processes and challenges and includes vital formulae, spreadsheet applications, and exhibits.

• Offers a comprehensive resource for operational staff in financial services
• Covers the key aspects of operations management
• Highlights operational processes and challenges
• Includes an instructors manual, a test bank, and a solution manual

This vital resource contains the information, processes, and illustrative examples needed for a clear understanding of financial market operations.

About this title

About the Author

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.

From the Back Cover

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.

From the Inside Flap

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.

Edition details

• Publisher: Wiley
• Publication date: 2015
• ISBN 10: 1118843916
• ISBN 13: 9781118843918
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 480