Clearing, Settlement and Custody 2nd ed

Four new chapters and updates throughout help this second edition summarize worldwide changes in the process of concluding a financial transaction.

Noted consultant David Loader, Director of DSC Portfolio Ltd and Loader Associates Ltd, provides a highly detailed analysis of the central clearing counterparty (CCP) concept, the drivers behind it, and its effects on operations teams. He also clearly illustrates the 'lifecycle' of a series of transactions to broaden the comparison process.

Emphasizing changes in the regulatory environment stemming from the 2008 market crash and liquidity crisis, this edition uses new case studies and end-of-chapter quizzes to explore the transaction value chain of trading, clearing, settlement, and custody. Students and professionals in the financial field will benefit from the book's description of the industry and the details of financial innovation and regulatory response with their many implications.

• Supplements theorectical insights about risk with empirical data from current cases
• Provides the first algorithmic risk management technique that spans multiple asset classes
• End-of-chapter questions reinforce primary and secondary points