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Cover image for book Clearing, Settlement and Custody

Clearing, Settlement and Custody

By:David Loader
Publisher:Elsevier S & T
Print ISBN:9780128186909
eText ISBN:9780128186916
Edition:3
Copyright:2020
Format:Reflowable

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Clearing, Settlement, and Custody, Third Edition, introduces the post-trade infrastructure and its institutions. Author David Loader reduces the complexity of this environment in a non-technical way, helping students and professionals understand the complex chain of events that starts with securities trading and ends the settlement of cash and paper. The Third Edition examines the roles of clearing houses, central counterparties, central securities depositories, and custodians. The book assesses the impact on workflow and procedures in the operations function at banks, brokers, and institutions. In consideration of technological and regulatory advances, this edition adds 5 new chapters while introducing new case studies and updating examples.

  • Adds a new chapter while updating all chapters
  • Adds new case studies and end-of-chapter questions
  • Introduces current examples to illuminate important points