Overview
Choosing a CCP: Strategic, Credit and Operational considerations is a two part module looking at the criteria involved in selecting a CCP to work with.
The first part is the strategic discussion around the most important considerations involved (eg: one CCP to optimise netting benefits or multiple to diversify risk?) and ensuring it meets your institution’s requirements, together with the broader debate around where CCPs sit in the Capital Markets Infrastructure and how things might play out if things go wrong (recovery and resolution regime, importance of CCP to the smooth running of the markets).
The second part is about Credit and Operational issues. How traditional cash flow forecasting measures are of limited benefit compared to understanding the rigour of a CCPs margining process, it’s payment waterfall, and the mutualisation of risk from its members.
Then we look at some of the collateral issues arising from dealing with CCPs, as well as some of the potential operational problems.
Finally, we look at some of the topics you might want to cover at a due diligence meeting with a CCP.
Who should attend?
• Senior Managers from Front Office or Risk involved in selecting which CCPs to work with.
• Credit Analysts preparing credit reports on CCPs.
• Operations staff, either handling collateral calls or involved in CCP due diligence meetings
• Senior Risk Managers seeking a deeper understanding of the CCP market and how it differs from conventional credit analysis
Trainer
Key Topics
Learning Objectives
For detailed information
Get insight into a similar past event
Our Media Partners
Our events were attended by these companies
FAQ
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
- Get the timing right.
Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture. - Make a case for yourself
When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
1. Start by stating your accomplishments
2. Show that you’re ready for more responsibility and eager to learn
3. Describe:
a) How this event will increase your productivity?
b) How you will need less supervision
c) How you can bring back the knowledge to the company
4. Follow up