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IT in investment Operations IOC > Glossary > Flashcards

Glossary Flashcards

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
Q

DMA

A

Process of routing orders directly to an execution venue

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25
Q

Disindetermination

A

Cutting out the middle man

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26
Q

Dodd-Frank

A

US law implemented in 2012 includes requirements for LEIs and trade repositories

27
Q

EUROCLEAR bank

A

ICSD for the international bond market

28
Q

EUI

A

CSD for UK and Ireland

29
Q

EUROSETS

A

Trading system operated by LSE

30
Q

FATCA

A

Combat tax evasion by US persons holding investments in offshore accounts

31
Q

Insourcing

A

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
Q

ICMA

A

Swiss based with the status of a DIE. Promotes by-laws, rules and recommends for market practices in the securities industry

33
Q

ISDA master agreement

A

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
Q

ISIN

A

International securities identification number. Most custodians and clearing houses use it.

35
Q

ISO 28000

A

Methodology to manage projects of any kind

36
Q

KPIs

A

Critic al items in an SLA that are capable of being measured

37
Q

Liabilities

A

All the claims against a corporation

38
Q

Margin

A

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
Q

Market maker

A

Sell side firm quoting but and sell prices hoping to make a profit in the bid/offer spread

40
Q

Markit BOAT

A

Provides regulatory trade reporting and data services as a result of MiFID.

41
Q

Nominal owner

A

Person that holds title to a security or piece of real estate but is not the true beneficial owner

42
Q

Non disclosure agreement

A

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
Q

Operational risk

A

Resulting from failed internal processes, people and systems or from external events

44
Q

Offshoring

A

The movement of a business process to another country

45
Q

Outsourcing

A

Delegation to external entity

46
Q

Position

A

The net total of purchases minus sales

47
Q

Production outsourcing

A

The maintenance/support of already existing software

48
Q

PTM Levy

A

Charged imposed on investors, collected by brokers when selling shares with an aggregate value in excess of £10000

49
Q

Regulatory trade reporting

A

Broker dealers authorised by the FSA have an obligation to report all trades executed by them to the FSA

50
Q

RFP

A

An invitation for suppliers to bid on a product or service. Usually part of a sales process known as enterprise sales

51
Q

SOX

A

Gives the SEC the power to regulate, or require securities companies to adopt rules to protect investors and the public interest

52
Q

Securities

A

Equities and bonds

53
Q

SEDOL

A

Stock exchange daily official list. Serve as ISIN for all securities issued in the uk

54
Q

SLA

A

Agreed level of services- has both a time and quality element. May also specify penalties

55
Q

SLM

A

Defines service catalogue, identifying, negotiating, monitoring and reviewing SLAS

56
Q

Settle within tolerance

A

Allows minor difference in cash consideration. The agent will settle using the cash figure supplied by the seller

57
Q

Shareholders equity

A

Assets less liabilities

58
Q

SPAN

A

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
Q

Stamp duty

A

Payable by the buyers but not the sellers of most UK listed shares

60
Q

Stock lending

A

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
Q

Stock record

A

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
Q

Swaps

A

Derivative products used to alter exposure of investment portfolios,orang cash flows.

63
Q

Swift

A

Industry owned utility that operates a secure telecoms network and designs message standards

64
Q

Swift gateway

A

Software apps used to a access swift and which have SWIFTNet link embedded in them

65
Q

Unrealised P & L

A

Arises as a result of mark-to-market

66
Q

VaR

A

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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