2022-2023 Undergraduate and Graduate Bulletin (with addenda) 
    
    Jul 20, 2024  
2022-2023 Undergraduate and Graduate Bulletin (with addenda)

FRE-GY 6131 Clearing and Settlement and Operational Risk

1.5 Credits
This course focuses on issues involved in processing financial transactions-from order execution to final settlement of transactions-and operational risk in general. The course examines the procedures and market conventions for processing, verifying, and confirming completed transactions; resolving conflicts; decisions involved in developing clearing operations or purchasing clearing services; the role played by clearing houses; and numerous issues associated with cross-border transactions. The course also examines the effects of transaction processing, liquidity management, organizational structure, and personnel and compliance on the nature of operational risk. Qualitative and quantitative measures of operational risk are discussed.

Prerequisite(s): FRE-GY 6153  and Graduate Standing.
Weekly Lecture Hours: 1.5 | Weekly Lab Hours: 0 | Weekly Recitation Hours: 0