Collateral Management - Livestreamed
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The use of collateral, for many years associated mainly with repo and securities lending transactions, has seen a rapid growth within the financial marketplace. The need to reduce exposure in these transactions, as well as the rise of the OTC derivatives market, has led to a significant increase in the degree of complication faced by operations departments.
Successful processing of collateral within an organisation requires knowledgeable staff that understand the component parts that lead to safe and secure processing, as well as awareness of the pitfalls that can result in unacceptable exposures.
Course Outcomes
By completing this course you will be able to:
- Understand the main collateral operational flow
- Learn how to derive collateral values and what impacts such values
- Be able to look at the risks in processing collateral and the controls to mitigate
- Appreciate the numerous collateral-related transaction types
Who should attend?
The course is suitable for collateral management personnel who would benefit from understanding the ‘big-picture’, those who have had limited exposure to collateral but who require a greater understanding of the relationships between their work and collateral and those who have recently been transferred to the collateral management department.
This course has been approved by the Securities & Futures Commission of Hong Kong for Continuous Professional Training (CPT).
ICMA is also a member of the CPD® Certification Service which helps organisations formalise knowledge into a structured and recognised approach to meet professional development expectations.
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.
The course is certified by ICMA and the ICMA Centre, Henley Business School, University of Reading. A Certificate of Completion will be awarded to those who meet minimum attendance requirements. Please note that while course recordings will be made available to delegates, it is a course requirement that delegates meet the minimum attendance requirements to be eligible for a certificate. Please contact education@icmagroup.org if you have any questions regarding certification.
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.
Pricing
Members: EUR 1,850 + VAT (if applicable)
Non-members: EUR 2,390 + VAT (if applicable)
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
Securities lending and borrowing
Repo
Secured cash borrowing and lending
OTC derivatives
Cash borrowing at CSDs and custodians
FX
Tri-party collateral services
- Legal Protection
Necessity of legal protection
Master agreements
Definitions
Credit support annexes
ECB valuation haircuts
Confirmations
- Static Data
Concepts of static data
Concepts of STP
Static data and STP in collateral management
- The Collateral Life-cycle
Pre-trading
Trading
Throughout lifetime of trade
Trade reconciliation
Marking-to-market
Collateral call calculation
Making and receiving collateral calls
Collateral substitution
Income and corporate actions
Trade termination
- The Collateral Management Function
Overview of responsibilities
Centralised collateral function
Cost centre vs. profit centre
- Current Initiatives
Clearing of OTC derivatives
The regulators’ perspective
Regulatory changes: overview
Central clearing and collateral management
Course Delivery
If you are taking the livestreamed course, you have six months to study the material.
If you’re taking the classroom-based course, the training is delivered on two consecutive days between Monday and Friday.
Livestreamed Course
ICMA courses are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.
The Collateral Management live sessions are delivered in four 3.5 hour sessions over the course of two weeks. You will be given access to the course materials before the live sessions, and will have access to those for a total of four weeks from the first live session. During these four weeks you will have the option to keep working through the course materials at your own pace.
Next dates TBC
Register your interest for this course at education@icmagroup.org.
Livestreamed course fees
Members: EUR 1,850 + VAT (if applicable)
Non-members: EUR 2,390 + VAT (if applicable)
For security reasons, delegates who have not registered in advance will not be admitted to the live sessions.
Please note:
- All payments must be made in Euro.
- Invoices for single registrations are subject to an additional Euro 50 to cover administration costs*. No administration fee applies for invoices covering two or more registrations
*Administration costs cover the provision of supporting documents, which are often requested along with the invoice, to become an approved supplier.
Contact
Should you have any queries, please contact education@icmagroup.org.
