Tag Archives: Settlement
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...
Disputed derivative transactions – Santander and Pourtuguese Rail Operator
I happened to read today a news item on disputed derivatives transactions.
It is reported therein, the dealers settled a crop of disputed derivatives trades with Portuguese state owned entities last year with one exception – Santander...
LIBOR Revisited
Do you know?
When LIBOR was born?
Minos Zombanakis, born 88 years ago on a Greek island, remembers well the birth of the interest rate benchmark. “I was, more or less, if you excuse the lack of modesty, the one who started the whole thing,”...
Trade Repositories under European Market Infrastructure Regulation
Trade Repositories under European Markets Infrastructure Regulation will shortly become a reality once the European Securities and Markets Authority approves the registration application made by multiple trade repository aspirants. European...
BPO opportunities in investment banking
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. Originally, this was associated...
Equity index and Designing an Index
Equity indexes are weighted baskets of individual stocks. The Equity Index is a value that is proportional to the market value of the individual stocks underlying the index. The value of the index changes as the values of the individual stocks...
An Overview of Corporate Actions
A corporate action is an event initiated by a company that affects the securities (equity or debt) issued by the company. Some of them are mandatory; some of them are voluntary.
Mandatory Corporate Actions affect all shareholders alike in a...
Interest Rate Derivatives and their wrong sales to gullible customers
Banks are more in the news these days – for a variety of reasons with negative impact of course. Of all these, the one connected with mis-selling of interest rate derivative products is causing considerable damage.
The kind of allegations...
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
– ...
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