市场基础设施从业资格认证

Section 1: The Financial Services Environment: Essential Concepts and Terminology

• Which financial products are traded and why incl. Cash; Securities (Equity, Bonds); Derivatives; Commodities
• How financial products are categorised incl. the Capital Market, the Money Market, the Foreign Exchange Market, the Derivatives Market, ehe Commodities Market
• Major Participants, their motivations and objectives

Section 2: Securities Products

• Equity and Debt Characteristics: Similarities and Differences
• Debt Types

Section 3: Bringing Securities to the Marketplace: Equity & Debt Primary Market

• Equity: IPO
• Government Debt: Auction
• Non-Government Debt: Syndication
• Trading venues, including investment exchanges and multilateral trading facilities

Section 4: The Front Office: Structure & Responsibilities of Trading and Sales

• Trading incl. Traders, trading capacity, trading books, taking positions, risk etc.
• Sales incl. relationships, order placements, identifying issues etc.
• Impact of automation, high-frequency and innovation

Section 5: The Middle Office: Typical Responsibilities of Trade Support/Confirmation, Risk Management, Reporting

• Trade capture
• Issues impacting settlement
• Risk management and P&L Calculation

Section 6: Back Office Operations: Key Responsibilities of Pre-matching, Settlements, Corporate Actions, Asset Servicing and Static Data

• Static Data
• Ensuring Trade Details Are Agreed by Counterparties
• Trade Settlement
• Securities and Cash Reconciliation
• Processing of Income, Withholding Tax and Corporate Actions

Section 7: Trading and Settling Securities Trades: Securities Trade Lifecycle Overview

• Trading Methods (Exchange trading versus OTC)
• Trade Execution (Legal contract and firm’s commitment)
• Trade Capture
• Trade Confirmation (SWIFT and Central Trade Manager)
• Trade Settlement
• Asset Reconciliation (Reconciling securities positions & cash balances at CSD/custodian)

Section 8: Overview of Repo, Securities Lending and Collateral

• Trade Finance and short-selling
• Use of repos and securities lending
• Collateralised trading and margin calls

Section 9: Key Regulation on marketplace

• Key regulation and objectives, covering Dodd Frank, EMIR, MiFID, CSDR, AIFMD
• Impact of regulation and anticipated future trends
• KYC requirements
• Anti-Money Laundering (AML)