INVESTMENT BANKING

I. How is it different from Asset Management and Wealth Management II. Working in Operations

i) Understand the function, role (Job description and Job Objectives) and responsibilities ii) Understand the upstream and downstream implications of actions performed iii) Asking relevant questions for getting clarity on the Trade Life Cycle iv) Sharing ideas, knowledge and technical expertise v) Building a wide network of contacts to support the operations role vi) Escalation of issues and handling exceptions vii) Understanding Team Performance viii) Team goals and ways to achieve to them

ix) Understanding Controls and procedures x) Specialised skills for process automation

Operations provide post trade execution services to internal and external clients, proprietary trading desks etc Static Data administration instrument and partner data set up, confirmation, funding, clearing, settlements, margining, payments, client relationship management and new product support Overall Operational risk management

III.

Trade Life cycle

Understanding the generic framework Characteristics and activities within each step in the life cycle Relationship and interaction between the steps in the life cycle Incorporate Key Control Standards in the life cycle

IV.

Products in Investment Banking

Equities (including program trades) Depositary Receipts (ADR, GDR) Convertible Bonds Exchange Traded Derivatives (Options, Futures) OTC Derivatives (Warrants, SES, ELN, SBL, BLOC, ESOS CFD trades, ETF,Equity Swaps, Equity Structured, AIS Structured Fixed Income( Credit Derivatives, Debt Capital Markets, Emerging Markets, High Yield Variety, Global Syndicated Finance) Mortgages (Residential Mortgages, Commercial Real Estate, Asset Backed Securities) Rates (Government Bonds, Interest Rate Derivatives, Energy Trading) FX (Foreign Exchange, Money Market,Repo) Commodities

TRADE EXECUTION is an activity managed my the Front Office business teams. Trader executes transactions as an Agent or Broker on an Exchange or Over the Counter. The sales team acts as an intermediary between the client and the market and charge a commission or spread on the transaction The trader executes transactions (buy/sell) in the market, manage the book positions (long, short, square), cover risks etc. Trade execution or order placement has nowadays been automated, thus leading to a greater opportunity to increase the volume of trades. Front office and sales teams are responsible for creating a win-win situation, enhancing the speed of trade execution, competitiveness of prices or commission, access to markets and supporting queries from operations. TRADE CAPTURE (What data is required to process a transaction ?)

Trader Transaction Specific data : relating to products and their strategies traded, counter party information, buy/sell direction, quantity, strike price, currency. Static Data in Central Data Repositories: Client Information, Instrument Information, Global Calendars and Holidays, Cross references, ISIN etc

Trade Life Cycle