Investment Funds Administration
Objectives
Investment Funds cover a broad range of fund types and asset classes. This course is designed to broaden attendees' knowledge and understanding of fund administration services.
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. 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 - The State of the Industry
- The complexities and problems faced by the industry today
- The changing nature of investment strategies and products
- The different settlement models
- The pressures on the distribution infrastructures
Session 2 - Investment Fund Structures
- Different Types of Funds
- Legal Structures of Funds
- Operational Structures
- Management Structures
Session 3 - Establishing a Fund
- Steps taken to launch a new fund
- Issuance of Shares
- Fund Distribution
- Redemption of a Fund
Session 4 - Roles and Responsibilities
- Key Operational Functions
- Roles of the various key organisations
- Regulatory Requirements
Session 5 - Investment and Borrowing Powers
- Permitted Investments and Limits
- Lending and Borrowing Money
- Securities Lending
Session 6 - Buying and Selling Shares/Units
- Single and Dual Pricing
- Pricing Basis
- The Dealing Process
Session 7 - Operational Issues
- Traditional Methods of Settlement
- Processing through domestic and international settlement systems
- Income Collection & Distributions
- Investor Communication
- Regulatory Controls
Session 8 - Accounting Issues
- Valuation
- Charges
- Taxation
Details of the next seminar
Coming soon.
Costs
The cost will be £1,000.00 for ICMA and ICE 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 ifa@icmacentre.ac.uk.
