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Provided by: Fintuition Global Collateral ManagementAccounting and Finance |
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Intermediate-level course covering business drivers, risk, regulatory capital, legal framework, margining strategies, and optimisation of collateral against securities loans and repos as well as both OTC and exchange-traded derivatives.
This course explains the rationale and current best-practice functioning of collateral management programmes for financial institutions. It is designed to build up a sufficient level of expertise to give attendees a good grasp of the legal, technical, process and economic issues and drivers affecting the profession. It is therefore suited to individuals who are either starting up a collateral management function or seeking to improve their unit's capability to add value to the front and middle offices through adoption of more efficient collateral management processing.
This course explains the rationale and current best-practice functioning of collateral management programmes for financial institutions. It is designed to build up a sufficient level of expertise to give attendees a good grasp of the legal, technical, process and economic issues and drivers affecting the profession. It is therefore suited to individuals who are either starting up a collateral management function or seeking to improve their unit's capability to add value to the front and middle offices through adoption of more efficient collateral management processing.
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Training
Provided by Fintuition
- D asked: Hello, I am basedin the US. Are these seminars ever offered in perhaps NY or via webcast?
- J asked: When is the training conducted and what are the charges...do you have a weekene option?
- C asked: Do you have any collateral management training that can be done 'on-line'? Do you have any collateral management materials/ reference works that can be purchased? Regards Chris
- M asked: am currently a rd year taking Actuarial science in kenya..i want to start a collateral management course with you this time that am on break..what can you advise me.can i go ahead and if so, which is the best course for me and in which firms will i apply my knowledge.Am very confused and i urgently need your help?thank you and be blessed.
- R asked: Global Collateral Management by Fintuition
Global Collateral Management
Course Content:
Definitions of Collateral and Exposure
Collateral as a concept
The basic economic impact
Exposure sources
Securities lending
Repos
Loans
OTC derivatives
Exchange-traded derivatives
Equities settlements
FX
Commodity financing
Overdrafts
Exposure types
Counterparty
Mark-to-market
Potential future exposure
Business Drivers and Risks
Improving deal terms
Expanding dealing volumes
Generating additional revenues
Legal risk
Correlation risk
Market risk
Concentration risk
Counterparty risk
Operational risk
The effect of collateral on risk
Regulatory Capital
Regulatory guidelines
Regulatory capital treatment with and without collateral
Sample capital cost savings with collateral
Capital adequacy calculations
Current and future regulatory capital requirements
Exercise: Regulatory Capital
The Legal Framework for Global Collateralisation
Choice of law issues
Perfection
Enforceability
Law reform and regulator's requirements for collateral legal opinions
Title transfer and rehypothecation
Setting up the Function
Organisational requirements
Single operations centre
Distributed processing
Infrastructure priorities
Staffing and productivity
Systems requirements
"Buy" versus "Build" decisions
Vendors
Bilateral versus tri-partite
Policies and procedures
Agreement parameters
Risk management
Tri-Partite Collateral Management
Development of tri-party collateral
Mechanics of tri-party collateral in securities lending and tri-party repos
Fixed income versus equity
Legal aspects
Infrastructure requirements
Exercise: Collateral Allocation
Volatility, VAR Aan Margining Strategies
Volaility
VaR and VaR-span scenarios
Margin bases
Flat
Exposure-based
Value-at-risk
OTC versus exchange-traded margining
Margin timing
The ISDA Credit Support Annex
Agreement parameters
Haircuts
Thresholds
Minimum transfer amounts
Independent amounts
Rounding
The OTC Collateral Process
Portfolio identification and reconciliation
Exposure calculation
Margin calls
Receiving collateral
Posting collateral
Substitutions
Optimisation
Locating the "Cheapest-to-Deliver"
Pooling of collateral assets
Collateral opportunity cost
Trading the collateral market
Tracking rehypothecation
Operational Risks
The implications of different forms of collateral
Operational risk techniques
Process decomposition and point of failure analysis
Self assessment
Statistical analysis
Managing operational risk
Summary and Questions
Definitions of Collateral and Exposure
Collateral as a concept
The basic economic impact
Exposure sources
Securities lending
Repos
Loans
OTC derivatives
Exchange-traded derivatives
Equities settlements
FX
Commodity financing
Overdrafts
Exposure types
Counterparty
Mark-to-market
Potential future exposure
Business Drivers and Risks
Improving deal terms
Expanding dealing volumes
Generating additional revenues
Legal risk
Correlation risk
Market risk
Concentration risk
Counterparty risk
Operational risk
The effect of collateral on risk
Regulatory Capital
Regulatory guidelines
Regulatory capital treatment with and without collateral
Sample capital cost savings with collateral
Capital adequacy calculations
Current and future regulatory capital requirements
Exercise: Regulatory Capital
The Legal Framework for Global Collateralisation
Choice of law issues
Perfection
Enforceability
Law reform and regulator's requirements for collateral legal opinions
Title transfer and rehypothecation
Setting up the Function
Organisational requirements
Single operations centre
Distributed processing
Infrastructure priorities
Staffing and productivity
Systems requirements
"Buy" versus "Build" decisions
Vendors
Bilateral versus tri-partite
Policies and procedures
Agreement parameters
Risk management
Tri-Partite Collateral Management
Development of tri-party collateral
Mechanics of tri-party collateral in securities lending and tri-party repos
Fixed income versus equity
Legal aspects
Infrastructure requirements
Exercise: Collateral Allocation
Volatility, VAR Aan Margining Strategies
Volaility
VaR and VaR-span scenarios
Margin bases
Flat
Exposure-based
Value-at-risk
OTC versus exchange-traded margining
Margin timing
The ISDA Credit Support Annex
Agreement parameters
Haircuts
Thresholds
Minimum transfer amounts
Independent amounts
Rounding
The OTC Collateral Process
Portfolio identification and reconciliation
Exposure calculation
Margin calls
Receiving collateral
Posting collateral
Substitutions
Optimisation
Locating the "Cheapest-to-Deliver"
Pooling of collateral assets
Collateral opportunity cost
Trading the collateral market
Tracking rehypothecation
Operational Risks
The implications of different forms of collateral
Operational risk techniques
Process decomposition and point of failure analysis
Self assessment
Statistical analysis
Managing operational risk
Summary and Questions
About The Training Provider: Fintuition
Fintuition - FinTuition is an international training company based in London specialising in the securities finance business: securities lending, equity finance, hedge funds, prime brokerage, repo and collateral management.
We offer a regular schedule of open-enrolment courses from introductory to advanced levels as well as on-site training.
FinTuition training relies heavily on exercises, role plays...
