Lifecycle of a Derivative Trade: Uncovering the Middle- and Back-Office Functions

Details

IFM's one-day course takes you "behind the scenes" to explore how brokers and investors on the buy-side and sell-side of the industry perform these functions for listed and OTC derivatives, as well as cleared and uncleared swaps.  The program explores the functional building blocks of middle- and back-office operations for trade lifecycle activity, the infrastructure that links together these functions, and the points of failure representing operational risk. 

After the course you will be able to:

  • Analyze the functional building blocks of the trade for account set-up, client on-boarding, master agreements, confirmation, clearing and settlement, and collateral management
  • Identify the participants and their roles, including the investment managers, end-users, swap dealers, FCM's, interdealer brokers, exchanges and SEF's (Swap Execution Facilities), clearing houses and CCP systems, custodians and prime brokers
  • Explain the links and plumbing that connect industry participants in the trade lifecycle, including standards and protocols and books and records systems
  • Distinguish the role of clearinghouses and CCP systems
  • Analyze the collateral management process in mitigating counterparty credit risk
  • Understand protections in place for customer collateral and assets
  • Be able to explain why novations are done and how they are processed
  • Consider throughout the program, the impact of industry regulatory changes, such as Dodd Frank regulation on derivative trade processing

Class Size:  Registration is limited to approximately 15 participants to promote student participation and interaction.

Who Should Attend:  Anyone who is interested in learning about the front-to-back functions of the trade lifecycle and OTC derivative trades, from the inception of an order through clearing and settlement.  Content is focused on middle- and back-office operations.  Attendees include operations, technology, audit, legal and compliance staff, as well as, third-party vendors and regulatory personnel.  

Level: Basic/Intermediate.  A prior understanding of derivatives is helpful.

Please read our terms and conditions before registering.


Registration Options

Date
Location
Chicago, IL
Early-bird
$695
Fee
$750
Instructor
Class Size
Registration is limited to approximately 15 participants to promote student participation and interaction.

Please arrive 30 minutes before the course to clear security and enter the building. Complimentary morning and afternoon refreshments are provided. Lunch on own.
Date
Location
New York, NY
Early-bird
$695
Fee
$750
Instructor
Class Size
Registration is limited to approximately 15 participants to promote student participation and interaction.

Please arrive 30 minutes before the course to clear security and enter the building. Complimentary morning and afternoon refreshments are provided. Lunch on own.

If you are unable to register online, please contact the IFM at 202-223-1528, or via e-mail at info@theIFM.org.