After the Trade Is Made: Processing Securities

After the Trade Is Made: Processing Securities

After the Trade Is Made: Processing Securities Transactions by David M. Weiss

After the Trade Is Made: Processing Securities Transactions



Download After the Trade Is Made: Processing Securities Transactions




After the Trade Is Made: Processing Securities Transactions David M. Weiss ebook
ISBN: 1591841275, 9781591841272
Page: 411
Publisher: Portfolio Hardcover
Format: pdf


List: $55 Deal: $42.86 ($12.14 off) …firm, as well as their relationships with commercial banks, transfer agents, clearing corporations, and depositories. The fully updated classic guide to the mechanics of securities processing—a must for professional investors. Book Name: After the Trade is Made: Processing Securities Transactions, Second Edition Author: David M. DTCC's Tampa office is a key component of a larger business continuity strategy the company put in place after September 11, 2001 to decentralize the processing functions and operations support that DTCC provides to the global financial DTCC has operating facilities and data centers around the world and, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions for thousands of institutions worldwide. Net down more than 90 percent of the MBS trades it processes, but in its role as a CCP for these trades it will introduce not only a trade guaranty but an additional netting process—pool netting—that will further streamline settlement on the related delivery obligations. The European Commission has proposed that financial market participants should settle their securities transactions no later than two days after the date on which a trade is executed, referred to as a T+2 settlement cycle. €If you don't match a Beginning in 2015, securities transactions in European Union regulated markets will have to settle no later than the second business day after trading takes place. ISBN13: 9781591841272Condition: NEWNotes: Brand New from Publisher. Product Description The fully updated classic guide to the mechanics. After the Trade Is Made: Processing Securities Transactions List Price: $55.00. €The movement to T+2 is definitely bringing traction as people realize they have one less day to settle a trade, and therefore need to match the trade as early as possible in the process,” said Paul Taylor, director of global matching at financial messaging network Swift. Weiss Hardcover: 512 pages Publisher: Prentice Hall. Today, OTC trading is highly automated and most transactions are reported in well under 90 seconds. It will guarantee settlement of all matched MBS trades, a crucial step for the securities industry where the settlement of an MBS trade often does not take place until months after the trade itself was made. This 90-second reporting requirement has been in effect since 1982, when OTC trading was primarily a manual process. Indeed, FINRA Recognizing that members will require sufficient time to make necessary system changes, FINRA is proposing to delay the effective date of the new reporting requirements for six to nine months after SEC approval.