Clearing, Settlement and Custody

‘Clearing, Settlement and Custody’ focuses on the clearing, settlement
and custody functions by analyzing how they work and the interaction
between the organizations involved. The author examines the roles of
clearing houses, central counterparties, central securities
depositories and the custodians, as well as, assessing the impact on
the workflow and procedures in the operations function at banks,
brokers and institutions. The changes that are taking place in the
industry are explored and the impact for operations managers and
supervisors assessed.

Clearing, settlement and custody is
at the heart of everything that happens in the financial markets. The
evolution of clearing and settlement is one that is still happening and
as such, it is impacting on the operations function through both new
practices but also, increasingly, in terms of regulation, risk and
reputation.

Forex Banking And Trading - Clearing, Settlement and Custody (Securities Institute Operations Management)

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