Overview of Global Securities Services
The process of the global security trade flow and execution and its participants is the focus of this two (2) day course. The student will examine the execution, the booking, the clearing and the settlement of a global transaction. The reliance of each party involved is discussed along with how they cooperate and complete the transactions.
Trade information and instructions, "matched trade" information, and the reporting of open and settled trades is also explored. 

All course materials are provided. Upon confirmation of registration, the student will receive a free one-year subscription to Investment Executive, Canada's Newspaper for Financial Advisors.

Overview of Global Securities Services
Day 1 Day 2
  • Issuers, Transfer Agents and Registrars
  • Investors
  • Brokers
  • Banks
  • Clearing and Settlement Organizations
Execution of International Transactions:  Trades Processing
  • Trade Confirmation and Trade Instructions
  • Standard Settlement Instructions
  • Instruction Flow and the VMU 
Clearance Process
  • Compare Clearing Organizations
  • Vendors
  • Role of the Clearing House
  • International Clearing Depositories 
Settlement Process
  • Physical vs Book Based Settlement (BBS)
  • Instruction Matching
  • Securities Transfer
  • Funds Transfer
Post Settlement
  • Close Out
  • "No Fail" Market Settlement

The Custodian Bank

  • Trade Instruction Processing
  • Receive, Deliver and Safekeeping
  • Cash Management
  • Capital Changes: Notification and Processing 
  • Redemptions, Conversions, Exchanges, Tender Offers
  • Exercise of Rights Issues
  • Dividend and Interest Income
  • Tax Withholding and Reclaims
  • Proxy Voting
  • Securities Lending
  • Risk Assessment
  • Risk Management

Day 2 Afternoon


  • Exam


Overview of Global Securities Services
This course should be of particular interest to:
  • Persons presently outside the industry looking to increase specific financial knowledge or seek entry to the industry
  • Employees of mutual fund buy side and sell side
  • Operational and administrative staff new to the financial and/or securities industry
  • Investment firm IT staff new to the financial and/or securities industry
  • Investment firm staff with limited knowledge of the entire operations process
  • Investment firms' counter parties at banks
  • Clearing corporation and depository staff 
  • Employees of regulatory agencies
  • Institutional client personnel
  • Industry vendors' employees
  • Investment and financial firms' settlement, corporate action and custody staff in the financial and/or securities industry
  • Investment and financial firms' program and product developers
  • Investment and financial firms' customer service representatives
Overview of Global Securities Services
The benefit to the student is:
  • Acquire a better understanding of the trade process from order entry to post settlement
  • Gain awareness of the risks involved in the process of trading and settlement 
  • Describe the functions of the Investment Firm, Broker, Investment/Fund Manager, Trading Exchanges (National and International), Automated Trading Exchanges, Virtual Matching Utilities, Clearing Organizations, Global Custodian, Counterparties, and the Canadian Depository for Securities
Overview of Global Securities Services
No sessions currently available. Contact client services to get the next available city and date.


Overview of Global Securities Services