conclusion

(Class taught by professor Frederic Jouneau)

Counter-party (or settlement) risk

CCP and GCM

Novation and Netting

Margin Calls

Resolution and waterfall

Clearing market European landscape

Bilateral clearing, Collateral Management, CSA

EMIR and Dodd Frank Act regulations

(Class taught by professor Frederic Jouneau)

Custodians (roles and services)

CSD (roles and services)

Central Banks' role and duties

Settlements principles and main phases

SWIFT messaging

Fails and suspends

Introduction to the Target 2 Security platform

(Class taught by professor Frederic Jouneau)

Aims of trading

quote vs order driven markets (quotation and deal tying)

Major wordlwide venues

regulated and OTC markets

Trading platform regulation

MIF 2 Key issues

(Class taught by professor Frederic Jouneau)

What are financial market operations ?

Main architecture of task and actors

Front/back/middle office main attributes

Variety of jobs

Hard and soft skills

(Class taught by professor Frederic Jouneau)