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 ActivitiesGuided independent studyPlacement / study abroad
32118

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning & Teaching Activities14 hours (2 days)Masterclass/workshops
Scheduled Learning & Teaching activities12 hoursOnline lectures and webinars
Scheduled Learning & Teaching activities6 hoursRevision
Guided independent study118 hoursReading and research, web-based activities

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Mock Exam2-hour exam1-6Marks and feedback
Online DiscussionOnline discussion contributions1-11Online discussion feedback from peers and lecturer
Weekly online quizzesFive quizzes, each taking about 20 minutes1-11Correct answers on ELE

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
50500

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Exam502-hour written exam1-6
Applied exercise Assignment502,000 words1-11
0
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Exam50% 2-hour written exam1-6Next available opportunity
Applied exercise Assignment50% 2,000 words1-11

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