Debt Instrument Transaction Processing

Students learn through interactive process exercises and leader-led discussions about all elements that comprise transaction processing.

08-Dec-2008 -- 09-Dec-2008New YorkUSD$2375
NY Institute of Finance - Downtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ David Weiss; ] Mon Tue Level: Basic
CPE Credits: 14

Back and middle office staff
No advance preparation required.
  • Mortgage Backed Securities - Day
  • Mortgage Backed Securities - Evening
  • Swaps I
  • Introducing Wall Street - Evening
    • Day 1

    Interfaces

    • Order
    • Report
    • Sow
    • Cow
    • Naow

    Trade Flow

    • Order Management Function
    • Trade Processing Function
    • Settlement
    • Client Account Maintenance
    • Book and Records
    • Stock Record
    • General Ledger

    Order Management Position

    • Client Master Database
    • Security Master Database
    • Order Match System

    Client Account Monitoring

    • Classification
    • Type

    Security Master Database

      Accrued Interest

      • Corporate Bonds and Notes
      • Municipal Debt
      • US Treasury Bonds and Notes
      • US Treasury Bills
      • Discounted Instruments

      Interest Calculation

      • Different Equations Used

      Municipal Bonds

      • Vs. Corporation and Government Debt
      • Trade on a “Yield to Maturity Basis”

      Present Value

      • Value of Future Cash Flows
      • Examples and Exercises

      Confirmation

      • Firm to Client Notification
      • Covered by Rule 10B10 of 1934 Act

      ID System

      • Trade Information
      • Settlement Information

    Day 2

    Treasury Auction

    • Fed to Government Dealers
    • Fed to Public

    NSCC/GSCC Comparison

    • Trade Input
    • Via CPU/CPU or Terminal

    Real Time Trade Match (RTMM)

    • Used by GSCC and MBSCC
    • Instant Comparison
    • Parties get Confirmation

    Mortgage Backed Security Clearing Corporation

    • GNMA
    • FNMA
    • FHLMC

    Margin

    • Exercises and Examples

    “Street Side” Location

    • Custody
    • Transfer
    • Corporate Actions

    Repos/Reverse Repos

    • Overnight
    • Term
    • Open

    Accounting

    • Asset
    • Liability
    • Expense
    • Revenue
    • Net Worth

    Books and Records

    • Stock Record
    • General Ledger

    Account Ranges

    • Stock Record
    • General Ledger

    Stock Record Activity

    • In Security Order
    • In Account Within Security Order
    • Only Those Accounts That had Activity in the Particular Security
    • Displays

    Stock Record Summary

    • In Security Order
    • In Account Order Within Security Order
    • All Accounts that Maintain Positions in a Given Security
    • Displays

    Trial Balance

    • Presented in Account Order
    • All Accounts that had Money Balances

    Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

    Lunch included for all students taking day classes.