Settlement & Custody
Clearing, T+2 settlement, depository processes and the custody obligations of licensed intermediaries.
Programme overview
Explains the post-trade infrastructure operated by MCDR and the controls a firm needs to protect client assets, manage fails and service corporate actions.
Includes fail management drills and a corporate action processing workshop.
Key learning outcomes
- 01Trace the clearing and settlement cycle end to end
- 02Apply segregation rules for client assets
- 03Manage settlement fails, buy-ins and penalties
- 04Process dividends, rights issues and other corporate actions
- 05Reconcile depository and internal records
- 06Handle cross-border and omnibus account arrangements
Curriculum
Post-trade infrastructure
Depository roles, netting and settlement finality.
Client asset protection
Segregation, records and reconciliation duties.
Fails management
Causes, remedies, buy-ins and penalty regimes.
Corporate actions
Entitlements, elections, timelines and client notification.
Custody services
Safekeeping, sub-custody and reporting to clients.
Prerequisites, assessment & certification
Prerequisites
Trading Operations or equivalent experience.
Assessment
Written examination and reconciliation exercise.
Certification
Counts toward the Brokerage Professional Certification.
Other programmes in this track
Reserve a place on the next cohort
Member firms receive preferential rates and can nominate delegates directly through the secretariat. In-house delivery is available for cohorts of ten or more.