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IT in investment Operations IOC > Glossary > Flashcards

Glossary Flashcards

(67 cards)

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0
Q

Accrual

A

Each item is entered as incurred

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1
Q

Accounting explosion table

A

Contains rules for general ledger posting

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2
Q

ACK/NACK

A

Swift network validation

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3
Q

Assets - current assets fixed assets and intangible assets

A

Current- cash, investment, money due
Buildings and machinery - fixed
Patents, goodwill - intangible

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4
Q

Availability management

A

Reliability, availability, resilience, maintain ability, serviceability for assets such as servers, networks and applications

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5
Q

Baseline control

A

System that allows monitoring and control of emerging project scope aka configuration control

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6
Q

Basis point

A

1/100 of 1%

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7
Q

Beneficial owner

A

Use and title belong to a person even though legally the property belongs to nominal owner. Nominal owner in a stock loan is the borrower. Beneficial owner is the lender.

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8
Q

Book or trading book

A

Portfolio of jnstruments held by a brokerage or bank. Sometimes called position.

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9
Q

Broker crossing network

A

Provided by investment banks to allow clients to match up / conduct crossing transactions without going through an investment exchange

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10
Q

Capacity management

A

Review of application sizing, workload, performance, demand and resource management

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11
Q

ICSD

A

CSD that settles trade to international securities in various domestic securities usually through links to local CSDs

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12
Q

Clearing

A

Financial institution that operates clearing,CCP or settlement services

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13
Q

Collateral

A

Security or guarantee pledged for the repayment of a loan

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14
Q

CFTC

A

Commodity futures trading commission has a mandate to regulate commodity futures and options markets on the US

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15
Q

Consideration

A

Sum of the principal amount plus accrued interest, commissions fees and charges

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16
Q

Continuity management

A

Review of continuity, risk analysis, risk management, defining assets, threats, vulnerabilities and countermeasures, development, testing and maintenance of the IT continuity plan, IT recovery options and management roles

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17
Q

CFD

A

Contract for Difference is an agreement between two parties to exchange the difference between the opening and closing value of an instrument. Short term. Exposure is controlled by margin requirements and collateral deposits

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18
Q

Critical path

A

Series of interdependent project activities connected end-to-end which determines the longest path and hence the shortest total duration

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19
Q

Dark pools

A

Allow traders to buy/sell large quantities without the risk of other traders being aware and adjusting prices to take a advantage

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20
Q

Deliverable

A

Measurable, tangible, verifiable item produced as part of a project

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21
Q

DvP

A

Simultaneous and irrevocable delivery of securities and payment of sale proceed on the settlement date

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22
Q

Derivatives

A

Three classes: derivative securities, ETDs and OTC derivatives

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23
Q

Digital certificate

A

Electronic credit card to establish credentials. Issued by a ÇA. Contains your name, serial no, exp date, copy of cert holders public key and the digital cert of the issuing authority

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24
DMA
Process of routing orders directly to an execution venue
25
Disindetermination
Cutting out the middle man
26
Dodd-Frank
US law implemented in 2012 includes requirements for LEIs and trade repositories
27
EUROCLEAR bank
ICSD for the international bond market
28
EUI
CSD for UK and Ireland
29
EUROSETS
Trading system operated by LSE
30
FATCA
Combat tax evasion by US persons holding investments in offshore accounts
31
Insourcing
Internal outsourcing where a company sets up an operation to carry out work that would otherwise have been contracted out. May imply that the service is now provided offshore
32
ICMA
Swiss based with the status of a DIE. Promotes by-laws, rules and recommends for market practices in the securities industry
33
ISDA master agreement
Contains general Ts and Cs. Provisions relating to payment netting, tax, basic corp represents, basic covenants, events of default and termination. Can be modified if desired/agreed
34
ISIN
International securities identification number. Most custodians and clearing houses use it.
35
ISO 28000
Methodology to manage projects of any kind
36
KPIs
Critic al items in an SLA that are capable of being measured
37
Liabilities
All the claims against a corporation
38
Margin
Cash or collateral that a holder of a position is required to post to cover potential adverse movements in the value of a position
39
Market maker
Sell side firm quoting but and sell prices hoping to make a profit in the bid/offer spread
40
Markit BOAT
Provides regulatory trade reporting and data services as a result of MiFID.
41
Nominal owner
Person that holds title to a security or piece of real estate but is not the true beneficial owner
42
Non disclosure agreement
Legal contract that outlines confidential materials which parties wish to share but restrict from general use. Creates a confidential relationship to protectant type of trade secret.
43
Operational risk
Resulting from failed internal processes, people and systems or from external events
44
Offshoring
The movement of a business process to another country
45
Outsourcing
Delegation to external entity
46
Position
The net total of purchases minus sales
47
Production outsourcing
The maintenance/support of already existing software
48
PTM Levy
Charged imposed on investors, collected by brokers when selling shares with an aggregate value in excess of £10000
49
Regulatory trade reporting
Broker dealers authorised by the FSA have an obligation to report all trades executed by them to the FSA
50
RFP
An invitation for suppliers to bid on a product or service. Usually part of a sales process known as enterprise sales
51
SOX
Gives the SEC the power to regulate, or require securities companies to adopt rules to protect investors and the public interest
52
Securities
Equities and bonds
53
SEDOL
Stock exchange daily official list. Serve as ISIN for all securities issued in the uk
54
SLA
Agreed level of services- has both a time and quality element. May also specify penalties
55
SLM
Defines service catalogue, identifying, negotiating, monitoring and reviewing SLAS
56
Settle within tolerance
Allows minor difference in cash consideration. The agent will settle using the cash figure supplied by the seller
57
Shareholders equity
Assets less liabilities
58
SPAN
Standardised portfolio analysis of risk - system for calculating initial margin requirements for futures and options on futures. Calculates the likely loss in a portfolio and sets this vale as the initial payment by the holder.
59
Stamp duty
Payable by the buyers but not the sellers of most UK listed shares
60
Stock lending
Governed by a securities lending agreement. As payment for the loan the parties agree a fee. If the collateral is cash then the fee is a rebate meaning that the lender will earn all the interest which accrues on the cash and will rebate an agreed rate of interest to the borrower
61
Stock record
System of Double entry bookkeeping that accounts on one side for ownership of securities and on the other side for the location of stock
62
Swaps
Derivative products used to alter exposure of investment portfolios,orang cash flows.
63
Swift
Industry owned utility that operates a secure telecoms network and designs message standards
64
Swift gateway
Software apps used to a access swift and which have SWIFTNet link embedded in them
65
Unrealised P & L
Arises as a result of mark-to-market
66
VaR
Measure of how the market value c an asset or portfolio is likely to decrease over a certain time frame (usually over one day or ten days)

IT in investment Operations IOC (12 decks)

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