Description
The ICMA Operations Certificate Programme (OCP) is regarded as an essential qualification for professionals intending to develop their knowledge of financial market operations. The syllabus has been specifically designed to convey the information necessary for candidates to develop their understanding of operations relating to a) equity and debt securities, b) OTC derivatives and c) tokenized securities. This includes detailed training on subjects such as (for securities) the trade lifecycle, repos, securities lending & borrowing, corporate actions, and (for OTC derivatives) collateral management, centrally cleared and non-centrally cleared trades under EMIR.
Additionally, the course provides the candidates with an introduction to tokenized securities and their impact on the traditional settlement model. Further, a thorough training is provided in defining static data and understanding of static data’s impact on risk within settlement.
What you will learn
By completing the training course, delegates will be able to:
- Describe and perform the post-trade processing steps of key financial products such as bonds, equities, repo and security loans
- Describe and perform the processing steps necessary to mitigate internal and external risks associated with clearing and settlement
- Understand and perform processing steps as result of mandatory external regulation as it relates to the central clearing of OTC derivatives
- Identify the operational impacts of optimised settlement cycles and perform the necessary activities to ensure correct and timely settlement
- Understand and describe the importance of static data in settlement processing and apply corrective action when processing exceptions in the settlement process
- Identify and describe tokenised securities and their settlement models
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