Module
Advanced Global Securities Operations I
Module description
This module is intended for Financial Services Professional Degree Apprenticeship students who would like to develop a solid understanding of the global regulatory environment on a regulated UK firm’s securities operation. This module shows how the understanding of global securities operations can help support an organisation’s management in investment decision-making and control of the following aspects: the opening of client investment accounts in the UK, the market and stock exchange fees applicable to clients, the clearing and settlement, the custodians, and securities lending and borrowing.
Full module specification
| Module title: | Advanced Global Securities Operations I |
|---|---|
| Module code: | BEF3001DA |
| Module level: | 3 |
| Academic year: | 2019/0 |
| Module lecturers: | |
| Module credit: | 15 |
| ECTS value: | 7.5 |
| Pre-requisites: | None |
| Co-requisites: | None |
| Duration of module: |
Duration (weeks) - term 1: 11 |
Module aims
This module aims to provide students with an understanding of global securities operations in the following aspects: the opening of client investment accounts in the UK, the market and stock exchange fees applicable to clients, the clearing and settlement, the custodians and securities lending and borrowing.
Students will be able to analyse the impact of global regulatory environment on a regulated UK firm’s securities operation and support an organisation’s management in investment decision-making and control. You will be able to analyse the risks that arise at each stage of the settlement process and understand the direct impact of risks on the firm’s ability to be efficient in the settlement and clearing of trades. The module emphasises the need to maintain adequate organisational arrangements to minimise the risk of loss and take additional actions when mitigating customers.
This module also outlines some examples of the global structures where securities lending takes place in order to alleviate settlement failures. Benefits and risks to organisations that borrow/lend securities will be discussed, including the mechanics of the process and the methods of selection of the lender/borrower. Students will understand how the global regulatory environment impacts on securities lending and borrowing and in particular how the UK regulatory environment dictates processes for a regulated UK firm. Students are advised to become familiar with the rules laid down by the Financial Conduct Authority.
ILO: Module-specific skills
- 1. Understand the regulations and procedures for opening investment accounts
- 2. Identify the sources of market and exchange fees and tax when trading securities
- 3. Describe the life-cycle of a transaction through to the settlement in the UK and the other global markets
- 4. Analyse the risks that arise at each stage of the settlement process
- 5. Describe the due diligence process for the selection of custodians
- 6. Appraise the benefits and risks of stock lending and stock borrowing
ILO: Discipline-specific skills
- 7. Understand how the global regulatory environment impacts the processes of global securities operations
- 8. Understand the importance of gathering the correct data of clients and monitoring and operational controls
- 9. Keep up to date with sector relevant legal/regulatory changes
ILO: Personal and key skills
- 10. Demonstrate sound understanding of how and when data is used and the interaction with the global securities operations environment
- 11. Contribute to the development of strategic plans for the global securities operations
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 32 | 118 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning & Teaching Activities | 14 hours (2 days) | Masterclass/workshops |
| Scheduled Learning & Teaching activities | 12 hours | Online lectures and webinars |
| Scheduled Learning & Teaching activities | 6 hours | Revision |
| Guided independent study | 118 hours | Reading and research, web-based activities |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Mock Exam | 2-hour exam | 1-6 | Marks and feedback |
| Online Discussion | Online discussion contributions | 1-11 | Online discussion feedback from peers and lecturer |
| Weekly online quizzes | Five quizzes, each taking about 20 minutes | 1-11 | Correct answers on ELE |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 50 | 50 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Exam | 50 | 2-hour written exam | 1-6 | |
| Applied exercise Assignment | 50 | 2,000 words | 1-11 | |
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Exam | 50% 2-hour written exam | 1-6 | Next available opportunity |
| Applied exercise Assignment | 50% 2,000 words | 1-11 |
Re-assessment notes
Defer – as first time
Refer – capped at 40%
Syllabus plan
- Investment Account Openings
- Market and Stock Exchange Fees and Taxes
- Clearing and Settlement
- Custodians
- Stock Lending and Stock Borrowing
Indicative learning resources - Basic reading
Basic reading:
- Advanced Global Securities Operations (Diploma in Investment Operations Programme) Workbook Edition 6, Chartered Institute for Securities and Investment.
Module has an active ELE page?
Yes
Origin date
28/02/2019
Last revision date
15/03/2019