You are on page 1of 5

Includes The Latest Updates On Outsourcing,

Insourcing, Property Derivatives


And EU Directives!

Clearing, Settlement
And Custody
Gain a complete understanding of all aspects of clearing and settlement processes for
major products and learn how to manage the process with maximum effectiveness!

15 – 19 June 2008 • JW Marriott Hotel, Dubai, UAE

“It was excellent, both content


How will you benefit from this exciting
and presentation were new financial training programme?
exceptional. I think front and back
office staff would benefit • Gain a comprehensive overview of the securities,
attending this course no matter derivatives, over-the-counter and exchange money
how long they have been markets
in their roles”. • Understand the role of the key participants in the
Andrew Palmex, Financial Controller trading and investment environments
Abu Dhabi Retirement Pensions & • Follow the step-by-step settlement process from the
Benefits Fund, UAE pre-trade phase through to trade, settlement and
beyond
• Develop an appreciation for various types of
corporate actions, their impact on derivatives
positions and how to manage them
• Learn why settlements fail, how to handle failures
and potential solutions
• Analyse the regulatory environment and the role of
the settlements team in managing operational risk
issues

Who Should Attend?


This is a benchmark programme for individuals working
in operations and settlements. It is ideal for settlement
Official Regional Recruitment Partner Official IT Partner Official Media Monitoring Partner
officers in foreign exchange, securities and derivatives,
operations officers, custodians, clearing house staff,
compliance officers, risk controllers, auditors and
accountants.

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/clearing


Dear Finance Professional,
Meet Your Expert Programme Instructor
While the Middle East continues to become more
globally oriented in its trade and financial activities, industry
professionals dealing with the clearing, settlement and
custody function have become more and more burdened. In David Loader is an industry practitioner
order to stay competitive in this field and maintain an edge with a wealth of practical experience in
in the increasingly cluttered environment, you must learn to the fields of securities and derivatives
increase your accuracy, efficiency and flexibility in executing operations.
these complex functions.

Operating like clockwork, the complex and integrated As a senior manager in major organisations and as a
tasks required of all organisations involved demand a skilled consultant and trainer, David works with leading banks,
professional with an in-depth understanding of market brokers, fund management companies, exchanges and
structures, securities and derivatives settlements, corporate clearing houses in the UK and around the world.
actions, operational risk and various other processes.

This highly recommended and extremely beneficial His knowledge of the operational areas of both securities
course, Clearing, Settlement And Custody, is specifically and derivatives is extensive and covers investment banking,
catered to provide you with the tools necessary to execute fund management and clearing and custody provisions.
these essential tasks both smoothly and in a way that
maximises your profitability.
He will share his experience of many years in dealing with
We have ensured that, at the end of this course, you issues that arise in operations at organisations such as
will have gained a detailed knowledge on all aspects of the Warburgs, Eagle Star Investment Managers, Sumitomo and
clearing and settlement process, including the operations SBC.
functions at banks, brokers and institutions.

With David Loader, you and your industry peers will Using his current involvement in areas such as operational
canvass the securities and derivatives trade market from risk management, training and authoring books for
the pre-trade phase through to the final steps required companies such as the Securities Institute and in helping
to achieve settlement. Concurrently, you will develop an firms meet the challenges of consolidation of exchanges
understanding of why settlements fail and how to avoid the and clearing organisations, he will provide an interesting,
many roadblocks that can and will arise.
practical and informative training programme.
Finally, on your fifth day with David you will focus on
essential operational risk issues in settlement and clearing,
custody and client services followed by regulatory issues
and their impact on settlement terms.

As a professional striving to maintain a competitive edge What Delegates Said About David’s
in today’s financial marketplace, you can’t afford to be left Previous Programme
behind – Register for Clearing, Settlement And
Custody today to ensure your success!
“Excellent and informative!“
David and I look forward to meeting you in June!
Vivek Mohandas, Investments Officer
Kind regards, General Retirement And Pension Authority, Qatar

“I recommend this course to everyone in the financial


Keith Parker
services industry!”
Conference Manager
Abdel Wahab Mohamed Gadayel, Head of Operations
P.S: Register now and you will receive a free copy EFG-Hermes, UAE
of David’s CD ROM – Operations, Clearing,
Settlement and Custody! Recommended
retail price US$ 200.

www.iirme.com/clearing www.iirme.com/clearing
Clearing, Settlem
15 – 19 Ju

Introduction
This comprehensive programme has been specifically designed to provide you with detailed knowledge of the financial markets, the
key participants and their roles, the clearing and settlement processes for major products, risk and regulatory issues and best practice
in international markets.
Throughout the programme there will be exercises, case studies and tasks plus a comprehensive Glossary of Terms and supporting
material to provide you with the complete learning experience.
This programme is delivered from an international perspective but allows for comparison with domestic market structures in the Middle
East.

Programme Timings
Registration and coffee will be at 08:00 on Day One. All five days will commence at 08:30 and conclude at 14:30 followed by lunch.
Refreshments will be served at appropriate intervals during the day.

Day One: Sunday, 15 June 2008 Day Two: Monday, 16 June 2008

Market Structures Securities Settlement: From Trade


To Settlement
A comprehensive overview of the markets and products,
participants in the trading and investment environments and We follow a series of trades form the pre-trade phase, through
the agents for securities issuers. the trade itself, trade capture, matching, central clearing
counterparties and trade enrichment, pre-settlement validation,
• Securities markets instructions and finally to settlement.
• Derivatives markets
- Exchange traded futures and options The day includes examination of the structure and role of
- Over-The-Counter (OTC) products central securities depositories, clearing houses, matching
• Money markets systems, custodians and sub-custodians.
• Foreign exchange
• The OTC market versus exchange market structures Processes and procedures are identified and explained including
• Issuers of securities FX, position and cash management.
• Registrars
• Proprietary traders
- Trading books Day Three: Tuesday, 17 June 2008
- Arbitrage
- Market makers Derivatives Settlement: From Trade
• Fund management
- Mutual funds To Settlement
- Hedge funds
- Insurance We follow a series of trades from the pre-trade phase, through
the trade itself, trade capture, clearing, confirmations and trade
enrichment, pre-settlement validation, instructions and finally to
settlement including margin calls, collateral, exercise,
assignment and delivery. Processes and procedures are
identified and explained.

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/clearing


ment And Custody
une 2008

The day includes examination of the structure and role of Day Five: Thursday, 19 June 2008
clearing houses, clearing brokers, global clearing plus
custodians and sub-custodians in the delivery process. Operational Risk, Regulation And
Funding and OTC requirements are also covered.
Compliance In The Operations
Environment
Day Four: Wednesday, 18 June 2008 Focus on the operational risk issues in settlement and clearing,
custody and client services, followed by the regulatory issues
Corporate Actions, Stock Lending, and the impact on settlement teams.
Prime Brokerage And Fund • What is operational risk?
Administration: Settlement • Basel II
And Beyond • The role of settlement teams in managing operational risk
issues
A comprehensive exploration of the issues surrounding • The regulatory environment including European Directives,
settlement failures, solutions, the securities lending the structure of regulation in the US
environment, corporate actions (what they are, management • Guidelines issued by G30, ISSA, FOA and so on
and settlement), claims, prime brokerage and fund • Emerging market risk issues
administration services and the impact of corporate actions on • Future developments in clearing, custody and settlement and
derivatives positions. their impact
• Agreements and documentation
Client services, internal and external reporting as well as - Broker agreements
valuations will be discussed. - Custody
- Stock Lending
• Why settlement can fail - ISDA Agreements for derivatives
• Management of settlement fails - Client documentation
• Corporate action types
- Rights issues
- Capitalisations Forthcoming Relevant Events
- Mergers and take-overs
- Buy backs BC2594 Essential Finance And Accounting
- Dividends 18 – 22 May 2008
- Voting and AGMs www.iimre.com/essfinance
• Procedures, processes and controls for managing corporate
actions successfully BC2692 Due Diligence
• Market claims - what, when, how? 31 May – 4 June 2008
• Withholding tax www.iirme.com/duediligence
• Position and cash management
For more information on any of the above events please contact us
on Tel: 971-4-3352483 or email: info@iirme.com

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/clearing


IIR Middle East certified by

Clearing Settlement And Custody


15 – 19 June 2008 • JW Marriott Hotel, Dubai, UAE ISO 9001:2000

FIVE EASY WAYS TO REGISTER


971-4-3352437 971-4-3352438 register@iirme.com

IIR Holdings Ltd. GCS/IIR Holdings Ltd.


PO Box 21743, Dubai, UAE P O Box 13977, Muharraq, Kingdom of Bahrain

www.iirme.com/clearing

For further information and Group Discounts


contact 971-4-3352483 or email: info@iirme.com
WEB BC2688
Yes, I want to register for:

Event Dates Price before Price between Price after


16 March 2008 16 March and 13 April 2008 13 April 2008

Clearing, Settlement And 15 – 19 June 2008 US$ 4,250 US$ 4,550 US$ 4,750
Custody (Save US$ 500) (Save US$ 200)

If you have eight or more delegates who need this training, contact IIR In-House on 971-4-3352439 or inhouse@iirme.com
Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

Personal Details:
Title First Name Surname Job Title Department Email
1st Delegate
2nd Delegate
3rd Delegate
4th Delegate
To assist us with future correspondence, please supply the following details:
Head of Department
Training Manager
Booking Contact

Company: .......................................................................................................................................................................................................................................................................................
Address (if different from label above): ............................................................................................................................................................................................................................................
.............................................................................................................................. Postcode: .................................................. Country: .......................................................................................
Tel: ......................................................... Fax: .....................................................
Yes! I would like to receive information about future events & services via email.
No. of employees on your site:
My email address is: .....................................................................................................................
0-49 50-249 250-499 500-999 1000+
Nature of your company’s business: .................................................................................................................................................................................................................................................

Payments Cancellation
Event Venue
A confirmation letter and invoice will be sent upon receipt of your registration. Please note If you are unable to attend, a substitute
that full payment must be received prior to the event. Only those delegates whose fees have delegate will be welcome in your place. If this
is not suitable, a US$ 200 service charge will JW Marriott Hotel, Dubai, UAE
been paid in full will be admitted to the event. You can pay by company cheques or bankers
be payable. Registrations cancelled less than Tel: 971-4-2624444
draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a
New York bank and an extra amount of US$ 6 per payment should be added to cover bank seven days before the event must be paid in Accommodation Details
clearing charges. All payments should be in favour of IIR Holdings Ltd. full. We highly recommend you secure your room
reservation at the earliest to avoid last minute
Avoid Visa Delays – Book Now
Card Payment Delegates requiring visas should contact the
inconvenience. You can contact the IIR
Please charge my credit card: Visa Mastercard American Express Hospitality Desk for assistance on:
hotel they wish to stay at directly, as soon as
Name on Card: ..................................................................................................................... possible. Visas for non-GCC nationals may take Tel: 971-4-4072693
several weeks to process. Fax: 971-4-4072517
Card Number: ....................................................................... Exp. Date: ............................... Due to unforeseen circumstances, the programme Email: hospitality@iirme.com
may change and IIR reserves the right to alter the
venue and/or speakers.
Signature: .............................................................................................................................
SZ PG F150 Finance © Copyright I.I.R. HOLDINGS B.V.