Derivatives

Summary

Course Objective

  • Explore the role and function of the clearing house as a CCP
  • Examine the different markets and major products which are included in the clearing service of LCH
  • Get an overview of delivery management for Commodities physical deliveries
  • Find out how transaction and position management for listed derivatives works
  • Know the current account structure Post EMIR
Body

Intended Audience

This course is recommended as optional training for new and existing Clearing Members of LCH SA.

The qualification will be of particular interest for Clearing Members, who run processes to clear transactions, who reconcile systems by checking that the data flows, who monitor the activity and reports of daily transactions and maintain accounts

Prior Knowledge Required

This course assumes a good understanding of derivatives and the role and function of LCH SA.

Content

  •   Role of the Clearing House
  • Markets Infrastructures
  • Technical Architecture
  • Account Structure
  • Procedures on Derivatives Markets

Training Programme

Date

Time:

This training is arranged upon request.

1h - 1h30

Location:

LCH SA
Le Centorial
18, Rue du Quatre Septembre
75002 Paris
France

LCH Ltd Training Facility
Aldgate House
33 Aldgate High Street
London
EC3N 1EA
United Kingdom

 

  • Introduction
  1. Role of the Clearing House
  2. Markets Infrastructures
  3. Technical Architecture
  4. Account Structure
  • Origin of positions
  • Position accounts (PA)
  • ISA model
  • OSA Net model
  • OSA Gross model
  1. Procedures on Derivatives Markets
  • Trade Management
  • Position Management
  • American style options (short term)
  • European style options (long term)
  • Cut-off times
  • Pro rata method
  • Conclusion
  • Questions and Answers

Please note that the timings listed below are an approximation and actual session times may vary.

For further details, please contact the Member Training team:

For EquityClear T: +33 (0) 1 70 37 67 60 SAEquityClearBusinessDev&RM@lch.com

Knowledge Assessment

Once you have attended an LCH SA training course, you may also opt to register for a one and a half hour knowledge assessment, to take place within one month of attending a training session. The knowledge assessments can take place via email, or at our London or Paris offices.