Securities Operations

The only comprehensive account of operational risk in securitiessettlements Securities Operations focuses on the settlement aspects of asecurities transaction. As financial analysts make a greater efforttoward quantifying and managing operational risk, they are payingmore attention to securities transactions in general and to thesettlement phase in particular. While describing the practicalissues, this book enumerates the different "back office" relatedrisks potentially encountered throughout the settlement. Simmonsalso covers more advanced topics such as derivatives, tradecompensation, internal allocation of funding costs, and operationalperformance measurement. Michael Simmons (London, UK) is currently Head of BusinessConsultancy at Wilco International, a major software systemsprovider to the financial markets. Over the years, financial professionals around the world havelooked to the Wiley Finance series and its wide array ofbestselling books for the knowledge, insights, and techniques thatare essential to success in financial markets. As the pace ofchange in financial markets and instruments quickens, Wiley Financecontinues to respond. With critically acclaimed books by leadingthinkers on value investing, risk management, asset allocation, andmany other critical subjects, the Wiley Finance series provides thefinancial community with information they want. Written to provideprofessionals and individuals with the most current thinking fromthe best minds in the industry, it is no wonder that the WileyFinance series is the first and last stop for financialprofessionals looking to increase their financial expertise.