A well-trained and efficiently organised financial market operations department is essential to complete every transaction. The operations department provides a vital service to the front office by ensuring that all funds flow in a timely and correct manner and that all the necessary documentation is completed.
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Agenda
09
00
-
15
00
Day 1
Overall View of Financial Markets
Role of dealers
Role of operations for both back office and middle office
Generic transaction workflow
Straight-through processing
Deal Capture, Trade Entry and Confirmations
Input of deals
Deal confirmation and matching
Over-the-counter and exchange settlement overview
The SWIFT messaging system
Reconciliations
Correspondent banking accounts – Nostro and Vostro accounts
Position keeping and stock reconcilliation
Risk Management and Compliance
Key Financial Market risks and risk mitigation
Market risk
Credit risk
Operational risk
Other financial market risks
Overview of the Compliance function
Anti-money laundering regulations
Static data management
Standardized market documentation for OTC products
Equity Market
Equity instruments jargon and charateristics
Ordinary shares or common equity
Preference shares
Debentures
Warrants
Equity settlement process
09
00
-
15
00
Day 2
Foreign Exchange Market
Foreign exchange market jargon and instrument characteristics
Spot and forward exchange settlement calculation
Foreign Exchange settlement for non-CLS settlement
CLS Bank settlement
Money Market
Money market instruments jargon and characteristics
Deposits – call and term
Negotiable Certificates of Deposit
Discount Instruments
Repurchase Agreements
Money market settlement process
Bond Market
Bonds Jargon and characteristics
Repo market conventions
Bond exchange settlement process
Clean and Dirty price
Accrued interest conventions and Calculations
Cum and Ex interest settlement convention
Derivatives Market
FRAs, Swaps, futures, and options jargon and instrument characteristics
Settlement calculations for FRAs and Swaps
Futures Exchange mechanism and margining process
Speakers
Andre Kurten
André holds BCom Honours degree from UNISA and is a CAIB (SA) with the Institute of Bankers in SA.
André is a Fellow of the South African Institute of Financial Markets and has served as a Governor on the board for over 17 years. He has extensive knowledge of banking, treasury and finance products.
André worked in the treasury at Nedcor for 9 years, where he traded money and bond markets. While at Nedcor, he was instrumental in establishing the interest rate derivative trading desk. André worked at two major interdealer brokers as a Director responsible for Interest rate derivative broking.
André worked at ABSA as Head of their agricultural derivatives trading desk in 1994. During his time at ABSA, André sat on the executive committee of the SA futures Exchange Agricultural Markets Division.
André worked for the SA Futures Exchange for a year as Assistant General Manager responsible for interest rate product development.
The ACI Financial Markets Association recognizes André as a training provider for both the ACI Dealing and Operations Certificate programs.
André has been training for 16 years and is extensively traveled having facilitated workshops and training interventions for many of the large multinational financial institutions from introductory to advanced level in Singapore, Hong Kong, Dubai, Oman, KSA, Malaysia, China, Sri Lanka, India, Pakistan, Uganda, Malawi, Zimbabwe, Zambia, Namibia, Kenya, Nigeria, Ghana, and South Africa. He consults to a number of companies on treasury product implementation and hedging.
André has conducted over 100 ACI Workshops internationally with an outstanding first time pass rate for both the ACI Dealing and Operations certificate.
André authored a book titled “Introduction to Derivatives – A South African Perspective”.
Sponsors and Partners
Tickets
Full membership
R 6,491.75
Member Price
Buy TicketFull members of SAIFM will receive a discount for this workshop