Securities Operations

The only comprehensive account of operational risk in securities
settlements

Securities Operations focuses on the settlement aspects of a
securities transaction. As financial analysts make a greater effort
toward quantifying and managing operational risk, they are paying
more attention to securities transactions in general and to the
settlement phase in particular. While describing the practical
issues, this book enumerates the different "back office" related
risks potentially encountered throughout the settlement. Simmons
also covers more advanced topics such as derivatives, trade
compensation, internal allocation of funding costs, and operational
performance measurement.

Michael Simmons (London, UK) is currently Head of Business
Consultancy at Wilco International, a major software systems
provider to the financial markets.

Over the years, financial professionals around the world have
looked to the Wiley Finance series and its wide array of
bestselling books for the knowledge, insights, and techniques that
are essential to success in financial markets. As the pace of
change in financial markets and instruments quickens, Wiley Finance
continues to respond. With critically acclaimed books by leading
thinkers on value investing, risk management, asset allocation, and
many other critical subjects, the Wiley Finance series provides the
financial community with information they want. Written to provide
professionals and individuals with the most current thinking from
the best minds in the industry, it is no wonder that the Wiley
Finance series is the first and last stop for financial
professionals looking to increase their financial expertise.