Programme
This course concerns a 1-day online workshop covering the following topics:
- Trade confirmations
- Exchange trade & bilateral deal confirmations
- Manual & electronic confirmations
- Trade validations
- Trade enrichment
- Dispute resolution
- Clearing
- Risks involved with CCPs and clearing banks
- Accounts and related risks (individual seggregated, omnibus)
- Default fund, defaults and close outs
- Collateralisation & margining
- Settlement
- Settlement processes
- Delivery versus payment vs. cash settlement
- Alternative delivery procedure (ADP)
- Trading at settlement (TAS)
- Exchange of futures for physicals (EFP)
- Withdrawal of deposits
- Contracts with a delivery moment vs. delivery period
- The nomination process
- Electronic message with instruction to operator of transport facility
- Timely nomination
- Re-nomination
