Online Self-Study
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Online Self-Study
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The Collateral Management course is designed to provide a an solid understanding in the secure and controlled processing of collateral, with a focus on the operations aspects. Based on an element-by-element walk through of various stages of trade and collateral management processing the participants gains knowledge of and the ability to process trades such as Repo and Derivates transactions while managing the required collateral.
Learning Outcomes
- Describe collateral & the purpose it serves
- Identify the various transaction types requiring collateral
- Describe the causes of exposure for financial institutions
- Identify the different types of collateral & their characteristics
- Describe the reasons for legal protection & associated documentation
- Identify the components in collateral call calculation
- Understand the rationale for making & receiving collateral calls
- Describe the handling of collateral substitution & income payments
- Identify the primary risks and mitigating controls throughout.
Who should attend?
This course is intended to provide a solid foundation for all individuals wanting to gain understanding of collateral management either because they are pursuing employment in collateral management departments or wanting to expand their knowledge while already working with collateral management.
ICMA is a member of the CPD® Certification Service, an FCA-approved qualifications provider and approved by the Securities & Futures Commission of Hong Kong as provider of Continuous Professional Training (CPT).
ICMA recommends that 20 learning hours can be associated with this course, based on attended/undertaken hours of study required to successfully complete the learning outcomes.
A Certificate of Attendance will be awarded to those who meet the minimum attendance requirements for this course.
Please note that your course certificate of attendance or completion should be sufficient to satisfy any professional development requirements – if you require further evidence, please contact us at education@icmagroup.org.
Course Trainers
Hasse Brandt
The course content is divided into several topic areas, which are then broken down into multiple subtopics:
- Fundamental Collateral Concepts
Definition and purpose of collateral
Why the increased focus on collateral?
Overview of the collateral life-cycle - Types of Collateral
Cash
Bonds
Equity
Collateral impact on Regulatory Capital: Overview
- Transaction Types Necessitating Collateral: Repo
A. Repo: An Introduction
The Repo Market Place
Trade Execution
Rate Format
Interest Calculation
Terms
Trade Tenure
B. Repo: Eligible Collateral
Single and Multiple Collateral
General and Speicla Collateral
Margin
C. Repo: Confirmations and settlement
Trade confirmation
Settlement Method
Settlement Failure
Updating books and records
D. Repo; Valuation and Exposure
Revaluation of Collateral
Exposure Calculation
Making and receiving Margin Calls
Ownership of securities collateral
Holding securities collateral
E. Repo; Collateral Ownership - return and income events
Reuse of securities collateral
i. SFT Regulation
Return of Equivalent Assets
Collateral Substitutions
Income Events
F. The Global Master Repurchaser agreement: Overview
The Repo Trade Lifestyle - Trasaction Types Necessitating Collateral: OTC Derivatives
A. Introduction to OTC Derivatives
Initial Derivatives Concepts
Structural Aspects of OTC Derivatives
Legal Documentation - Ask risk mitigation component
B. OTC Products and Processing
Interest Rate Swap (IRS)
C. OTC Products and Processing
Credit Default Swaps (CDS)
D. Collateral Management for OTC Derivatives
Collateral Concepts for OTC Derivatives
Collateral Lifecycle: An Overview
Credit Support Annex
E. The OTC Derivative collateral Lifecycle
Introduction
Throughout Lifetime of Trade
Derivative Collateral Calculation
F. Central Clearning and impact of collateral
Central Clearning overview
Capital Requirements: An Overview
Central Clearning Primary Concepts
G. Central Clearing and Operational Impacts
Risk Management
Netting oppurtunities
Online Course
Delegates who sign up to online courses will have access for 6 months to enable them to take advantage of the additional online resources, discussion boards and other functions of our new digital learning platform.
Online courses start at the beginning of each month – please note that payment must be received BEFORE access to these courses are provided.
Online course fees
ICMA Members: EUR 1,300 (VAT not applicable)
Non Members: EUR 1,900 (VAT not applicable)
Costs include full access to the online campus, associated learning materials and the examination fee.
Please note that:
- Payment for online courses must be received before the start of the course.
- All payments must be made in Euro.
As an indicative guide, we would recommend a total of 20 study hours is required to go through the material. Please note this is an approximate guide only.
Contact
Should you have any queries, please contact education@icmagroup.org.
