Global Custody
Objectives
The course is aimed at developing both a broad and in-depth knowledge of the key aspects of Global Custody and is equally relevant to the buy-side and sell-side of the business.
Target Audience
This course is suitable for practitioners who have a good fundamental level of knowledge, and who are looking to develop their understanding to an advanced level. This course is an extension of the ICMA Operations Certificate Programme (OCP) but there are no formal pre-requisites to taking this course.
Length and Structure of the Course
The course consists of two days of lectures, case studies and group exercises. Each day typically consists of four 90 minute sessions with coffee breaks in the morning and afternoon and lunch break in the middle. There is no exam for this course but candidates will get a certificate of attendance.
Course Tutor
Keith Dickinson
Keith is a Visiting Fellow and Programme Director for ICMA Executive Education's Operations Certificate Programme (OCP) and an independent training and business consultant. Keith spent twenty years in the operations areas of the equities, fixed income and derivatives markets for securities houses and financial institutions in London followed by sixteen years preparing and delivering operational courses.
Course Outline
Session 1
- Introductory Session
- Historical Background and Problems/Solutions
- Global Custody Structures
- Regulatory Issues (Custody of Assets, etc.)
Session 2
- Participation
- The Buyers
- The Sellers
- The Intermediaries and Infrastructure
Session 3
- The Services Offered by the Global Custodians
- Main Activities in the Investment Cycle
- Types of Service
- Ways the Custodians add value
Session 4
- Communications and Processing Technology
- The Role of IT in the Operational Phases
- The Ways the Global Custodians communicate with Clients and Sub-Custodians, etc.
- SWIFT and its messaging system
Session 5
- The Selection Process
- Why Buyers change Suppliers
- How Buyers select new Supplier
- How Global Custodians select their Sub-Custodians
Session 6
- Network Management
- The Relationship between the Global Custodian and its sub-custodians
- The Responsibilities towards the Client
- Management of the Network
Session 7
- Risks and Rewards in Global Custody
- The Risks associated with the:
- Asset Management Function
- Banking Function
- Custody Function
- Rewards for the Global Custodians
Session 8
- The New Securities Landscape
- Discussion on the industry changes and initiatives
- New products under development
- Consolidation in the Global Custodian world
Details of the next seminar
Coming soon.
Costs
The cost will be £1,000.00 for ICMA Members and £1,300.00 for non-members. The following discount scale is offered:
2-4 candidates - 5% discount each*
5+ candidates - 10% discount each*
*Please note that discounts are applied by way of a refund to the organisation when registration has closed and the final number of candidates from the firm has been determined.
Note that anyone requiring accommodation to take the course will be required to arrange this on their own; it is a class-based but non-residential course.
For more information
This course is available on a group booking basis only, for more information please email gc@icmacentre.ac.uk.
