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Costs of complying with new and expansive regulations as well as ongoing operational and technology costs are driving many securities firms to revisit their processing capabilities. This is a critical issue for all firms and the outcome may be different for each one. Explore the correspondent clearing business, starting with a brief perspective of the drivers that created this business and how it supports the investment community. Learn about service providers, their objectives, as well as the standard services. Explore how to determine if this service are an appropriate solution for you, how to conduct a cost/benefit analysis and how to evaluate correspondent clearing service providers.
| Topics include: |
• Fully disclosed versus Omnibus
• Industry trends
• Firms providing correspondent clearing |
• Scope of correspondent clearing
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Selection criteria
• Typical services provided |
| Benefits of attendance: |
• Appreciate the role of a correspondent clearing agent
• Explore future of correspondent clearing
• Identify critical issues |
• Requirements for choosing an agent
• Learn how to differentiate clearing firms•
• Understand services provided |
| Staff from the following areas should attend: |
• Accounting
• Information Technology
• Internal Audit |
• Middle Office
• Operations
• Regulatory Reporting |
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