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Global Custody
 
Objectives

The course is aimed at developing both a broad and in-depth knowledge of the key aspects of Global Custody and is equally relevant to the buy-side and sell-side of the business.


Target Audience

This course is suitable for practitioners who have a good fundamental level of knowledge, and who are looking to develop their understanding to an advanced level. This course is an extension of the ICMA Operations Certificate Programme (OCP) but there are no formal pre-requisites to taking this course.


Length and Structure of the Course

The course consists of two days of lectures, case studies and group exercises. Each day typically consists of four 90 minute sessions with coffee breaks in the morning and afternoon and lunch break in the middle. There is no exam for this course but candidates will get a certificate of attendance.


Course Tutor

Keith Dickinson
Keith is a Visiting Fellow and Programme Director for ICMA Executive Education’s Operations Certificate Programme (OCP) and an independent training and business consultant. Keith spent twenty years in the operations areas of the equities, fixed income and derivatives markets for securities houses and financial institutions in London followed by almost twenty years preparing and delivering operational courses.







Course Outline
Session 1 Contents
Introductory Session • Historical Background & Problems/Solutions
• Global Custody Structures
• Regulatory Issues (Custody of Assets, etc.)
Session 2 Contents
Participation • The Buyers
• The Sellers
• The Intermediaries & Infrastructure
Session 3 Contents
The Services Offered by the Global Custodians • Main Activities in the Investment Cycle
• Types of Service
• Ways the Custodians add value
Session 4 Contents
Communications & Processing Technology • The Role of IT in the Operational Phases
• The Ways the Global Custodians communicate with Clients & Sub-Custodians, etc.
• SWIFT and its messaging system
Session 5 Contents
The Selection Process • Why Buyers change Suppliers
• How Buyers select new Supplier
• How Global Custodians select their Sub-Custodians
Session 6 Contents
Network Management • The Relationship between the Global Custodian and its sub-custodians
• The Responsibilities towards the Client
• Management of the Network
Session 7 Contents
Risks & Rewards in Global Custody • The Risks associated with the:
o Asset Management Function
o Banking Function
o Custody Function
• Rewards for the Global Custodians
Session 8 Contents
The New Securities Landscape • Discussion on the industry changes and initiatives
• New products under development
• Consolidation in the Global Custodian world





ICE EducationDetails of the next seminar

  

London
3-4 June 2013

ICE Education
5th Floor Milton Gate
60 Chiswell Street
London EC1Y 4SA
United Kingdom

Based at ICE Education London offices: IntercontinentalExchange® (NYSE: ICE), is a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets.


Costs

The cost is £1,000.00 for ICMA Members and £1,300.00 for non-members for the seminar on 3-4 June in London.
Subsequent seminars will be charged at the new price of £1,250.00 for ICMA Members and £1,650.00 for non-members.

The following discount scale is offered:
2-4 candidates – 5% discount each*
5+ candidates – 10% discount each*

*Please note that discounts are applied by way of a refund to the organisation when registration has closed and the final number of candidates from the firm has been determined.

Payment can be made by secure online credit card or by invoice. Please note that the BACS invoice method has an additional £50 admin fee.


Note that anyone requiring accommodation to take the course will be required to arrange this on their own; it is a class-based but non-residential course.


For more information

This course is also available on a group booking basis.

Should you have any queries about this seminar please contact David Senior on +44 20 7213 0329 or at education@icmagroup.org





 
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