Life of a Trade - Part 3 (2023)


This eCourse consists of two modules. Module 1 explores some of the procedures where a trade can be viewed as completed. They are collectively referred to as clearing and settlement. The module also lists some of the key participants and intermediaries in the process, describing the roles they play.

Module 2 describes some of the essential management required of a position in the post-trade environment, including asset servicing, ongoing monitoring of markets, post-trade transaction cost analysis (TCA), profit and loss (P&L) tracking and reporting, and risk management.


On completion of this course, you will be able to:
- List the activities that take place after a trade is executed and the key participants in these activities
- Recognize the steps involved in the trade clearing process
- Identify the different trade settlement methods and the causes and consequences of settlement fails
- Recognize different types of post-trade administration that holding securities requires
- Define post-trade TCA and list some of the methods used
- Name some of the key market events that investors monitor to manage their positions
- Recognize some of the methods used to track P&L and the P&L reporting requirements different institutions must fulfil
- Identify key sources of risk and some of the methods commonly used to measure and control risk


Module 1: Life of a Trade – Clearing & Settlement
Topic 1: Key Features & Participants
Topic 2: Trade Clearing
Topic 3: Trade Settlement

Module 2: Life of a Trade – Post-Trade Position Management
Topic 1: Post-Trade Position Admin
Topic 2: Post-Trade TCA
Topic 3: Position Monitoring
Topic 4: P&L Tracking
Topic 5: Risk Management


Relevant Subject
Type 1 - Dealing in securities
SFC:2.00, PWMA:2.00
Chinese Securities Association of Hong Kong (HKCSA): HK$630
All Member: HK$600
Non-Member: HK$900
Staff of Corporate Member: HK$600