Hi Krishna, We recommend use of earphones for better audibility Happy Learning Team Capital Markets Easy

Please let us know how did it go? In case we missed something which can be added. Happy Learning Team Capital Markets Easy

@@capitalmarketseasy sure will do... it is scheduled for Tuesday 4 30 ist.

Hi Ranjan, Client allocation means how many shares should be allocated to which funds. Counterpart on the trade can be Exchange (in case of On-Exchange execution) or another Broker in case of OTC execution. Although for client it should not matter who their broker is settling the trade with. Client will mostly concerned about how much of their order got executed. Hope this clarifies. Thanks Team Capital Markets Easy

@@capitalmarketseasy Thanks a lot. Good to see someone really cares in answering our questions. Keep up the good work.

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Hi, Trade validation at MO is where they validate the trade for client details, bulk or split the multiple orders. Trade prematching is in BO when SWIFT messages are sent out to local custodies from back office systems. You can refer to separate videos on MO and BO functions on our channel. Happy Learning Team Capital Markets Easy

I think the presenter's english is fairly understandable

Hi Prasad, It depends on where the execution of trade is happening. If client's order is sent to Exchange and its executed over Exchange then it can't be cancelled. However, if client's order is executed over the counter directly with other broker, it can be cancelled at a later stage as well after execution after agreement between both the brokers. Hope this clarifies. Thanks Team Capital Markets Easy

Hi Khushboo, Traders are allocated books so that their P&L can be tracked on those books depending on their sales and purchases. Depending on the trading strategy Trading books can be allocated to individual trader or a group of traders as well. Hope this clarifies. Thanks Team Capital Markets Easy

monideep our team needs such motivational words to keep up standards of their work. We are currently working on our next video on Back office Settlement and Swifts functions. It will be available soon.

Hello Monideep,, video on Back office functions around settlements, SWIFTS & Reconciliations is now available on our channel. You can check it in our channel now. Thanks Team Capital Markets Easy

Hi Balaswamy, Please use earphones/headphones for better audibility. Thanks Team Capital Markets Easy

Capital Markets Easy again

Capital Markets Easy cash

Trade agreement can happen through various modes like phone, email, Bloomberg chat etc. If the trade is OTC, there is no external execution usually and it will be entered in their systems by both the parties. System can be Murex, Fidessa or some in house system as well.

Hi, Unsettling of trade happens usually in back office, where a trade settled in internal system is opened to make it unsettled reflecting that said trade may not have settled in market. This trade is still a valid (failing) trade. Cancellation of trade however happens at front office, where trader cancels the order in Front Office system and the cancellation then flows down to downstream MO and BO systems. Happy Learning Team Capital Markets Easy

​@capitalmarketseasy a cancellation would also involve a reversal in the system and have an effect on any currency rates used in the trade, no?

Hi Bhushan Trade validation comes after execution as MO team needs to validate how much quantity of the trade got executed on the Exchange out of the total Trade quantity. Hence validation comes after execution. Hope this clarifies. Happy Learning Team Capital Markets Easy

Nikhil Ingle Hello Nikhil Our team is working on our next video of Backoffice operations around Securities Settlement. It will be ready in next few days

Hello Nikhil. We now have a complete video on Back office settlement operations on our channel. Please go through it and share with your friends and colleagues as well. Thanks Team Capital Markets Easy

Counterparties are usually brokers or Investment Banks. e:g. JP Morgan against UBS. Or these both dealing on behalf of their clients Happy Learning Team Capital Markets Easy

Hi Sharun Trade Date is when trade is agreed between the counter parties’ traders. Trade agreement can be on phone or email or on some electronic platform like Bloomberg. Hope this clarifies. Thanks Team Capital Markets Easy

Hi Shraddha, We recommend use of earphones for better audibility. Happy Learning Team Capital Markets Easy

Hi Nitin Although people usually say that Risk management is a back office department, however from our understanding risk management is more of an umbrella which actually covers the entire trade life cycle i.e. Front, middle and back office. Risk management teams are responsible to calculate and highlight risks from the moment a trade is executed till it is settled. So classifying risk management as one of the 3 functions can't be correct, rather it should be treated as a separate domain. Thanks Team Capital Markets Easy

Hi Das, We recommend use of earphones for better audibility. Happy Learning Team Capital Markets Easy

Please use earphones for better audibility. Thanks Team Capital Markets Easy

Hi Mangesh, We recommend use of earphones for better audibility. Happy Learning Team Capital Markets Easy

Hopefully it didn't bother you much! Were you able to understand the content? Happy Learning Team Capital Markets Easy