Failed Trades Management
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To identify the causes and impact of failed trades. Discuss how we can manage and measure the process more effectively to prevent and minimise failed trades.
Target audience
Those that are 1) new to failed trades management, and 2) those that are currently involved in the financial marketplace but require a detailed picture of failed trades management.
By the end of the module the participant will be able to understand:
- The points of impact of failed trades
- How failed trades are identified
- The various causes of failed trades
- How failed trades can be minimised or prevented
- Measures to enforce trade settlement
- Procedures for recovering lost interest
- Definition of a Failed Trade
- Dates associated with each trade
- Trade Date
- Value Date
- Settlement Date
- Settlement Failure impacts
- Identifying Failed Trades
- Awareness of Failed Trades
- Failed Status meaning
- Causes of Failed Trades
- Prevention of Failed Trades
- Enforcing Trade Settlement
- Interest Claims
Mike Simmons is a specialist in the field of financial services operations. He was previously Head of Fixed Income Operations at Warburg Securities, and has been delivering operations focused training courses to buy-side firms, sell-side firms, management consultants and custodians to those within both operations and technology divisions, for over 15 years. He teaches on a wide range of operations topics, including elementary banking operations through securities operations, collateral management, credit default swap post trade processing and syndicated loan trade processing. He is the author of two books: ‘Securities Operations: A Guide to Trade and Position Management’ and ‘Corporate Actions: A Guide to Securities Event Management’, and is currently writing book #3 namely ‘Collateral Management: A Guide to Mitigating Counterparty Risk’.
60 minutes 57 seconds
Prerequisites
A basic understanding of equity and debt securities operations would be beneficial.