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Effective Product Control : Controlling for Trading Desks.
Improve financial product control operations with this comprehensive reference Effective Product Control provides detailed "how-to" guidance for the product control function, serving as a control standards primary reference for both internal and external stakeholders. Coverage includes tas...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Somerset :
John Wiley & Sons, Incorporated,
2017.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Effective Product Control; Contents; Preface; Acknowledgements; About the Author; PART ONE Working in Product Control; 1 An Introduction to Product Control; The Emergence of Product Control; The Purpose of Product Control; Different Types of Product Control; P & L Only; P & L: Balance Sheet and Financial Reporting Focus; Skills, Qualifications and Experience; Organizational Structure; The Desk; The Trading Floor; Pressures of Supporting the Desk; 2 Changing Landscape of Product Control; Offshoring; My View; Risky Choices; Benefits; XVA; Greater Levels of Capital; Greater Focus on Liquidity; Notes.
- 3 Key StakeholdersFront Office: Sales and Trading Desk; Chief Operating Officers (COOs); System Infrastructure; Onboarding New Products; Daily Operational Effectiveness; Forecasted Revenues, Costs, and Balance Sheet; Operational Risk Incident (ORI); Implement Firm-Wide Changes; Operations; Middle Office; Market Risk; Financial Reporting; Management Reporting; Finance Change; IT; Operational Risk; Regulatory Reporting; Accounting Policy; Tax; Audit; Internal Audit; External Audit; Finance Shared Service; Summary; Notes; PART TWO Technical Skills.
- 4 Accounting Standards: Recognition and MeasurementIAS 39 Financial Instruments: Recognition and Measurement; Recognizing a Financial Asset or Liability; Derecognizing a Financial Asset; Derecognizing a Financial Liability; IFRS 9: Financial Instruments; Recognition and De-recognition; Classification and Measurement; IFRS 13: Fair Value Measurement; Defining Fair Value; Arriving at Fair Value; U.S. GAAP and Fair Value Measurement; Notes; 5 Market Risk; What Is Market Risk and How Is It Generated?; How Is Market Risk Measured by a Bank?; The Greeks; VaR; Stress Testing; Note.
- 6 Pricing Financial InstrumentsHow to Approach the Pricing of a Financial Instrument; Special Features; Pricing examples; Spot FX; FX Forward; Bonds; Interest Rate Swap; FX Option; Pricing Add-ons; Notes; 7 Internal Control; What is Internal Control?; Establishing an Internal Control Framework; The Board and Senior Management; Regulatory Requirements; Market Practice; Type of Business; Example of Front to Back Internal Controls; Notes; PART THREE Profit and Loss Controls; 8 System Feeds, End of Day Rates and Profit and Loss Estimates; System Feeds; End of Day; End of Day Rates.
- Externally Sourced RatesTrader Sourced Rates; P & L Estimate; Note; 9 Review of New and Amended Trades; New Trades; Why New Trades Are Generated; Reviewing New Trades; Presentation of New Trade P Amended Trades; Why Are Trades Amended?; Avoidable vs. Unavoidable Amendments; Presentation of P & L from Amended Trades; Notes; 10 Review of Mark-to-Market P Defining Mark-to-Market P Attributing MTM P Waterfall Method; Restored Method; Other Sub-attributes; FX Revaluation; Fixings; Risk-Based P & L estimates; Fixings; Changes in the End of Day Prices.