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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

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Collateral Management

  • Banking and Financial Markets, Banking Operations, Bonds & Fixed Income Markets, Derivatives, Risk and Credit
  • Duration: One day
  • Information

    This is a one-day collateral management training course, however the course duration and content can be tailored to suit specific requirements.

    For a number of years the financial marketplace has seen rapid growth in the use of collateral, which for some time was associated with repo and securities lending transactions, but is now of major importance towards reducing exposure in other transactions, particularly OTC derivatives.

    The degree of complication within operations departments has consequently multiplied greatly. Successful processing of collateral within an organisation requires knowledgeable staff that understand the component parts that lead to safe and secure processing and awareness of the pitfalls that can result in unacceptable exposures.

    The Collateral Management training course is designed to provide a fundamental grounding in the secure and controlled processing of collateral, with a particular focus on the operations aspects. The subject of collateral is becoming increasingly important. In fact, many firms attempt to gain maximum leverage from their assets whilst attempting to minimise risk by enrolling a representative in a collateral management training course.


    The objectives of the course are to provide participants with:

    • Awareness of the essential purpose of collateral

    • Appreciation of numerous collateral-related transaction types

    • Understanding of the main collateral operational flow

    • Knowledge of how to derive collateral values & what impacts such values

    • Appreciation of the primary content of legal agreements

    • Awareness of the need to operate within the parameters of legal agreements

    • Carry out meaningful dialogue on key collateral topics

    • Appreciation of the risks in processing collateral & the controls to mitigate

    Clients who would benefit from attending this course would be the following;

    • Existing collateral management personnel who would benefit from understanding the ‘big-picture’

    • Existing staff who have had limited exposure to collateral but who require a greater understanding of the relationships between their work and collateral

    • Employees who recently have been transferred to the collateral management department or who are interested in a transfer

    • Team leaders/management; to increase their awareness of and the risks involved in the processing of collateral.

    Delegates should possess a basic understanding of Securities Operations, including the basics of the Trade Lifecycle and position management.

    Each topic will be expanded and explained to the delegates in a structured manner (via linked building blocks), developing their knowledge through diagrams, ‘live’ drawings and on-the-spot explanations.

    Active participation of the delegates will be encouraged, and exercises will be introduced at frequent and appropriate points.


    Session 1: Fundamental Collateral Concepts

    • Definition & Purpose of Collateral
    • Why the Increased Focus on Collateral?
    • Overview of Collateral Lifecycle

    Session 2: Types of Collateral

    • Cash
    • Bonds

    Session 3: Transaction Types Necessitating Collateral

    • Securities Lending & Borrowing
    • Repo
    • OTC Derivatives

    Session 4: Legal Protection

    • Necessity of Legal Protection
    • Master Agreements
    • Credit Support Annexes
    • ECB Valuation Haircuts

    Session 5: Static Data

    • Concepts of Static Data
    • Static Data & STP in Collateral Management

    Session 6: The Collateral Lifecycle


    • Legal Documentation
    • Static Data


    • Trade Execution
    • Trade Confirmation

    Throughout Lifetime of Trade

    • Trade Reconciliation
    • Marking-to-Market
    • Collateral Call Calculation
    • Making & Receiving Collateral Calls
    • Collateral Substitution
    • Rehypothecation
    • Income & Corporate Actions

    Trade Termination

    • Trade Termination

    Session 7: Current Initiatives

    Session 8: Clearing of OTC Derivatives

    • The Regulators’ Perspective

    Session 9: Appendices

    • ISDA 2010 Preliminary Margin Survey Results
    • ISDA 2009 Margin Survey Results
    • Example Short-Form Trade Confirmation

    Register interest

    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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