Brokerage Operations Professional Certificate: Online
Gain CPE:20 Credits


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20 Hours


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Brokerage Operations Professional Certificate: Online

This course will provide you with the baseline knowledge of the entire trade lifecycle from the point of execution to clearance and settlement.

Program Details (NASBA) View
Program LevelIntroductory
Prerequisites None
Advance PreparationNo advance preparation required.
Recent Revision Date February 6, 2017
Instructional Delivery Method QAS Self Study
Field of StudySpecialized Knowledge
What You'll Learn
Who Should Take This
av_timer4 Hours

Module 1: Introduction to Brokerage Operations

  • Brokerage Operations: Overview
  • Type of Accounts
  • Client Requirements
  • Customer Identification Program
  • Security Types
  • Types of Issues
  • Processing Systems
  • The Players of the Financial Community
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av_timer2 Hours 45 Minutes

Module 2: The Marketplace

  • Introduction to the Marketplace
  • A Timeline of the U.S. Equity Market
  • Over the Counter Market
  • Order Management System
  • The New Order Trading Process
  • Bond Secondary Markets: Discussion
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av_timer1 Hour 45 Minutes

Module 3: Trade Processing

  • Trade Processing Function
  • Trade Confirmation Contents
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av_timer45 Minutes

Module 4: The Clearing Corporation

  • Introduction to Clearing Corporation
  • NSCC and Most Other Clearing Corps
  • Option Clearing Corporation
  • Government Security Division of FICC
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av_timer3 Hours

Module 5: Settlement

  • Trade Processing Function
  • Understanding Settlement
  • Settlement Financing Tools
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av_timer1 Hour

Module 6: Custody and Asset Servicing

  • Introduction to Custody and Asset Servicing
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av_timer2 Hours 30 Minutes

Module 7: Margin

  • Introduction to Margin
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av_timer30 Minutes

Module 8: Cash and Brokerage Accounting

  • Introduction to Cash and Brokerage Accounting
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av_timer1 Hour

Module 9: Stock Record

  • Introduction to Stock Record
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av_timer4 Hours 30 Minutes

Module 10: General Ledger

  • Introduction to General Ledger
  • FOCUS- Financial and Operational Combined Uniform Standard
  • Supplement eLearning Courses
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av_timer1 Hour 30 Minutes

Module 11: Brokerage Operations Professional Certificate Examination

  • Final Exam
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    Desk-Ready Skills

  • Identify the key roles of Brokerage Operations.
  • Recognize the different types of accounts.
  • Recognize the key tasks a client is required to perform in Brokerage Operations.
  • Identify the salient features of the Customer Identification Program.
  • Recognize the differences between the main types of securities in Brokerage Operations.
  • Recognize the main characteristics of the various types of Issues.
  • List the key components of the Security Reference File.
  • Recognize the key roles of the various players within the Financial Community.
  • Recognize the characteristics of the marketplace to settle and clear instruments and how it interacts with the operation process.
  • Trace the evolution of the U.S Equity Market.
  • Identify the difference between Dark Pools and ECNs.
  • Recognize the functions of an Order Management System in the Equity Markets.
  • Identify the various ways to operate a Bond Secondary Market.
  • Identify the steps to process a trade.
  • Identify the components of the trade processing cycle.
  • Recognize the definition of clearing corporations and identify their role.
  • Recognize the definition of NSCC and other clearing corporations.
  • Identify the steps involved in the workings of Option Clearing Corporation (OCC).
  • Identify the steps involved in the workings of Mortgage Backed
  • Securities Clearing.
  • Identify the responsibilities of the Purchase and Sales Department.
  • Recognize the definition of Fail Control.
  • Identify the causes of Fail Control.
  • Recognize the steps involved in the working of the buy in process.
  • Recognize the different types of financing tools.
  • Identify where securities are located for custody and asset servicing.
  • List the two forms using which registration of the client securities can be maintained.
  • Recognize the process to transfer securities.
  • Recognize the definition of a Beneficial Owner.
  • Recognize the role of operational groups in the calculation of margins in customer accounts.
  • List the three components of an equities market account.
  • Identify the difference between a cash account and a margin account.
  • Recognize the definition of a Special Memorandum Account.
  • List the 3 types of calls a firm can issue.
  • Recognize the definition of a Short Sale.
  • Compute Option Margin.
  • Recognize the purpose for Accounting and Brokerage Accounting.
  • List the 5 categories of Accounting.
  • Identify the definition of the Profit and Loss Statement.
  • List the four categories of accounts in a brokerage operation.
  • Recognize the two primary records kept in a brokerage firm.
  • List the 3 ranges of accounts for a stock record.
  • Recognize the purpose of the general ledger.
  • Recognize the definition of the FOCUS Report.
  • List the contents of the general ledger.

Recommended for:

Securities Industry Professionals
Traders and Support Staff
Operations and Systems Staff
Research Analysts
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