The derivatives industry continues to grow at a significant pace and this creates
considerable challenges to those charged with the settlement and administration of
trades in these products. The clearing and settlement of derivatives is very much
driven by the type of product and so this book looks at both the exchange traded
and over the counter environments to analyse what is needed to provide an efficient
and controlled process in support of derivatives trading.
Having worked in the industry since financial derivatives started in the UK back
in 1978, David Loader has witnessed not only a massive growth in activity but also
a continuing development of new products, wider participation by organisations in
derivatives use and the occasional ‘disaster’. The author’s background in both derivatives
and securities also enables him to know where the fundamental differences in the
processes occurs and to highlight the particular skills needed to successfully clear
and settle derivatives trades.
This book will be useful for anyone connected with the workflow for a derivative
trade either in the process itself, in the support areas like IT. or by virtue of
oversight responsibilities such as risk management, compliance or audit plus anyone
who just has an interest in knowing what goes on ‘post’ the trade.