Finance - Technology, Security Brokers & Investment Managment, Securities - General & Miscellaneous
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Overview
Providing a much-needed global overview of financial instruments' trade processing, Global Securities Processing explains in simple, step-by-step terms exactly how the various parts of a brokerage firm work...how, collectively, they account for and process a trade...and how trades are made around the world. It illustrates the terminologies used and the functions of the various participants, entities, and agencies involved. For example, it shows...
-Just what foreign exchange is-and how multinational brokers and dealers accommodate its daily requirements
-How a financial market functions...how clearing corporations work...how books and records are developed and maintained
-How the amounts involved in trades are computed, including accruing of interest on national and international debt, and how the costs of options are calculated
-How the various clearing and depository facilities operate worldwide
-How margin is computed for equities, debt, options and futures
-How the Stock Record and General Ledger are maintained
-How firms manage security positions in their own vaults-as participants in a depository-or as customers of agent banks
Global Securities Processing provides up-to-date information on the many changes and developments that have occurred, both nationally and internationally, as a result of the flourishing new markets...new products...new technological innovations...new competitive strategies and breakthroughs...and new laws, rules, and regulatory modifications.
Book Details
Published
October 28, 1997
Publisher
New York Institute of Finance
Pages
518
Format
Hardcover
ISBN
9780133239652