The Securities Trade Lifecycle: Bringing it all Together

Orders
Define an order and workflow
Order types
Trade execution
- order-driven markets
- quote driven markets
- electronic trading (incl. ECNs)
Trade capture (front office to operations)
- Data flows and methods
- timeframes
- implications of successful capture
Trade enrichment
- purpose
- what’s added to basic trade details
- Calculating cash proceeds
- role of static data

EXERCISE - Calculate cash proceeds of on-exchange equity trades

Trade agreement
- purpose and methods
- trade confirmation (manual, electronic),
- trade affirmation (oasys global),
- implications of failing to agree
Settlement instructions
- deadlines and time-zone differences
- implications of failing to instruct
Trade statuses
- status types & meaning
- required action
- implications of unmatched instructions

EXERCISE - Identify matched and unmatched status and required actions

Failed trades
- definition & causes
- implications
- prevention & minimising impact
- enforcing settlement
- Settlement disciplines and buy ins
Trade settlement
- definition
- partial settlement
- securities only & cash only settlement
Updating internal records
- Definition and purpose
- implications of Successful Update
- implications of Unsuccessful Update

Cash Management

Reconciliation

Operational and Settlement Risk

EXERCISE - Identify measure and mitigate risks identified within your own processes/business unit

Regulatory and Developments in Securities Settlement

Regulations

Drivers of regulatory change
Overview of relevant regulation such as MiFiD !!, EMIR, CSDR, etc
- LCR/NSFR
- CSDR/SFTR
- Mandatory clearing
- T+1

Potential Advances Through Distributed Ledger Technology

Tokenisation of Securities and their impact on the current lifecycle
- Comparison of current structure and tokenised equivalent
Achieving Atomic settlement
- Definition and current status quo
- Applications in the Operational process
Central Bank Digital Currency (CBDC)
- Definition and current status quo
- Applications in the Operational process

Fundamentals of the Securities Trade Lifecycle Agenda

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