Objectives

The course is aimed at developing a foundation in the secure and controlled processing of collateral in a financial institution, with particular focus on the operations aspects.  This course is equally relevant to the buy-side and sell-side of the business.
This training course explores the essential purpose of collateral, its application in a number of transaction types, and the lifecycle of collateral (including valuation, margin calls, substitution, etc.).  Throughout the course, both primary risks and mitigating measures are highlighted.
 

Target Audience

This course is suitable for staff that are new to the subject of collateral, and for those that are currently working within a collateral function and who require a broad understanding of the transactions (e.g. repo) that necessitate collateral and the typical lifecycle of collateral.   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 receive a certificate of attendance.
 

Course Tutor

Mike Simmons

Mike is an independent training consultant and has been involved with the capital markets and operations throughout his career, focusing originally upon securities settlement and more recently on the broader aspects of operations (e.g. derivatives, trade finance, payments, corporate finance and corporate lending). Mike is the author of two books on Operations “Corporate Actions: A Guide to Securities Event Management” and “Securities Operations: A Guide to Trade & Position Management” both published by Wiley Finance.

Mike is also a regular instructor on the ICMA Operations Certificate Programme.


Course Brochure

Click here to download the course brochure.
 

Course Outline
 

Details of the next seminar

London, have a look at the venue
8-9 March 2012

  

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. ICE's diverse markets offer contracts based on crude oil and refined products, natural gas, power and emissions, agricultural commodities including canola, cocoa, coffee, cotton, orange juice and sugar, as well as credit derivatives, foreign exchange and Russell Index futures and options.

Costs
 

The cost is £1,000.00 for ICMA Members and £1,300.00 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

To learn more, please read Mike Simmons article about Collateral Management & how to adopt best market practice in Risk Mitigation.

This course is also available on a group booking basis. 
Should you have any queries about this seminar please contact:

Leanne Ley for general administration & finance queries

l.ley@icmacentre.ac.uk
Phone: +44 (0)118 378 6272

For other enquiries, please contact David Senior on +44 (0)20 7213 0329 or e-mail education@icmagroup.org.