Derivatives Trade Lifecycle
March 14, 2012 June 14, 2012
Registration Fee: US$895.00 Register Location Instructor
Many classes sell out; we suggest registering at least one week in advance to ensure availability.
Beginner/Intermediate Level, 7 CPE Credits
Instructor: Douglas C. Carroll
Hours: 9:00 am - 5:00 pm; Registration/Breakfast begins at 8:30 am
Location: New York City, Bayard's, One Hanover Square
Attend this interactive class for an up-to-date presentation of this flexible investment asset. Follow the activities supporting trading and settlement of listed and over-the-counter instruments including, forwards, futures, options and swaps. Topics include the roles of the exchanges, clearing organization, trading practices, margin and settlement processing and the associated risks.
The presentation is split into two sections; listed and over-the-counter contracts. This permits each to be presented in a clear, concise format and supports the understanding of the similarities and differences in, and use of, each type of contract. We conclude with a recap of regulatory changes and their impact.
Type of Contracts
- Forwards
- Futures
- Options
- Swaps
Listed Contracts Infrastructure
- Participants
- MarketPlace
- Membership agreements
Listed Contracts Trade Processing
- Confirmation
- Clearance activities
- Margin
- Collateral requirements
Listed Contracts Settlement
- Cash & Underlying settlement process
- Assignments / Exercise
- Reconciliation
Over-the-Counter (OTC) Contracts Infrastructure
- Participants
- Marketplace
- ISDA agreement
OTC Contracts Trade Processing
- Confirmation
- Industry utility interfaces
- Collateral management
Settlement / Payment
- Netting agreements
- Payment flows
Impact of Regulatory Changes
- Dodd-Frank Act (DFA)
- Commodity Futures Trading Commission (CFTC)
- European Market Infrastructure Regulation (EMIR)
- Financial Accounting Standards Board (FASB)
- International Accounting Standards Board (IASB)