Securities Operations (PDF)

The only comprehensive account of operational risk in securities
settlements

Securities Operations focuses on the settlement aspects of a
securities transaction. As financial analysts make a greater effort
toward quantifying and managing operational risk, they are paying
more attention to securities transactions in general and to the
settlement phase in particular. While describing the practical
issues, this book enumerates the different "back office" related
risks potentially encountered throughout the settlement. Simmons
also covers more advanced topics such as derivatives, trade
compensation, internal allocation of funding costs, and operational
performance measurement.

Michael Simmons (London, UK) is currently Head of Business
Consultancy at Wilco International, a major software systems
provider to the financial markets.

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