Tag Archives: Back office
Dealing Room Operation and Deal Process
A dealing room is a centralized establishment, usually of a commercial bank, which is willing to offer a two way dealing price for different currencies (and asset classes instruments) at all times even when they may not wish to deal, all but...
Foreign Exchange Risk Management
The peculiarities of foreign exchange markets are
– An Over The Counter market
– Only market open 24 hours, seven days a week, 365 days a year
– No single location; no barriers
– ...
Foreign Exchange Dealing Operations
If you buy a Binny Silk Saree for your wife (or girl friend!) at T.Nagar Chennai Nalli Silks, you will naturally want to pay for it with Indian Rupees and the Nalli Silks will want to be paid in Rupees because he pays all his bills with Rupees.
Likewise,...
Bilateral and Triparty Collateral Management
The recent financial markets crises have heightened and increased focus on collateralization.
Collateralization is a process where a borrower pledges an asset as recourse or cover or a security to the lender for facilities or limits or credits...
Investment banking and revenue pressures – ways to go
Setting: One of the purposes of any business is to make money. And banking is no exception to this cardinal objective of any business.
Normally the bank’s income portfolio comprises fund based income and fee based income.
Fund based income...
Options Symbology Initiative – OSI
The OSI is a plan to overhaul the existing method of identifying exchange-listed options contracts to decrease the current limitations in today’s marketplace. This will be accomplished with the elimination of OPRA codes and fractional...
The business of prime broking – an overview of opportunities
To understand better the business of prime broking, there is a felt need to understand the business of hedge funds first, as prime brokers are in their business only because of these hedge funds!
According to Goldman Sachs & Co, the term...
Collateral management – Latest Developments
Collateral management is no more a back office function.
Thanks to the recent crises in financial markets, it has graduated itself to a core function status driving the very front office function.
Gone are the days of cost centre approach to...
Foreign Exchange: Relationships do matter
Relationships do matter in any market – leave alone foreign exchange market. Without such relationship transactions cannot take place. One can easily assign relationship as a key contributor to any increase or decrease in volumes handled by...
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