STP: The Impact on a Broker/Dealer
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| Duration: One Day |
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Straight Through Processing (STP) is more than a phrase; it is a change in the way business is conducted. STP doesn't refer to a specific process but is more of a new culture of transaction processing. This change of culture requires automation, internal linkages, external interfaces and handoffs involving investors, counterparties, banks and various intermediaries involved in trading and settlement activities. This program will lead you through the process so that you can prepare your firm to compete in the future.
| Topics include: |
• Drivers for STP
• Challenges to implementation
• Agents of change |
• Future trends
• Benefits to participants
• Typical trade flow with linkages |
| Benefits of attendance: |
• Appreciate impact of STP
• Establish base of required skills
• Increase knowledge of process |
• Identify the risks associated with STP
• Gain insight into best practices
• Learn how to overcome roadblocks |
| Staff from the following areas should attend: |
• Information Technology
• Government or Ministry
• Accounting |
• Prime Brokerage
• Operations
• Investment Banking |
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