CISI Global Securities Operations case studies
CISI Global Securities Operations · Put your knowledge to work in context.
The CISI Global Securities Operations (GSO) qualification is a professional certification from the Chartered Institute for Securities & Investment aimed at people who work - or want to work - in the back and middle office of securities businesses. It suits settlement analysts, custody and asset servicing staff, reconciliations and controls officers, trade support teams, and operations staff at banks, brokers, fund managers and custodians, including those moving from retail or advisory roles into operations. The CISI Global Securities Operations case studies are 5 cases and about 3,632 words.
1Block Trade Confirmation Breaks Before Tokyo Affirmation
On Tuesday 12 March a London-based investment manager executes a sale of 450,000 shares in a Japanese listed company on the Tokyo Stock Exchange at an average price of ¥2,345. The order is a block allocation across three sub-funds: 200,000 / 150,000 / 100,000.
775 words, about 4 min2CSDR Buy-In Threat After a Late Internal Transfer
A Paris-based asset manager sells €18,000,000 nominal of an Italian government bond. The trade is executed on 8 April and is due to settle on 10 April, T+2, through Monte Titoli.
681 words, about 3 min3Late Rights Issue Instruction and CHF Funding
A Luxembourg-domiciled fund holds 1,200,000 shares in a Swiss listed company. The company announces a 5-for-7 rights issue at CHF 4.20 per new share.
709 words, about 4 min4Unexplained Nostro Debit and a Duplicate Redemption
At 08:00 on Monday 3 June the operations team of a UK broker-dealer runs the daily nostro reconciliation for its USD account at a New York correspondent. The bank statement shows a debit of USD 2,400,000 that the ledger does not explain.
703 words, about 4 min5Onboarding a Cayman Fund With a PEP and Layered Ownership
A Cayman Islands fund applies to open a custody and brokerage account with a UK firm. The fund is managed by a UK investment manager and its general partner is in the BVI.
764 words, about 4 min