1. PlanParcoursdeforma(onenFinancedeMarch SESSION 2Organisa(onetFonc(onnement delaBanquedeMarchCopyrightINLEO.Copiesarenotallowed.Page1/38

2. Plan PLAN 1.LaBanquedeMarch? 2.TradeLifecycleManagement 3.Rconcilia(ons,Contrle,AspectsRglementaireset Compliance 4.QCM&DiscussionsCopyrightINLEO.Copiesarenotallowed.Page2/38 3. PlanLaBanquedeMarchCopyrightINLEO.Copiesarenotallowed.Page3/38 4. LaPlan deMarch:RleetOrganisa(on Banque RLEDE LABANQUEDEMARCHRled'unebanque: Orienterl'pargneversl'invesCssement. Banqued'inves(ssementetdemarch: LeveragersurlesfondsproprespourinvesCr. Financementd'Entreprise. Financementdeprojets. FinancedeMarch. Banquedemarch: Labranchedelabanqued'invesCssementparlaquelleelleintervientdansles marchsnanciers.CopyrightINLEO.Copiesarenotallowed.Page4/38 5. LaPlan deMarch:RleetOrganisa(on Banque ORGANISATIONDE LABANQUEDEMARCHLeFrontOce: L'interfacedelabanqueaveclemarch. Centraliseettraitelesbesoinsdelabanqueetdesesclients entermedecouverture/nancement. LeMiddleOce: TrsprocheduFront. AssurelavalidaConetlenrichissementdesopraConsngocies. LeBackOce: SuitletraitementpostmarchdesopraCons: conrmaCon. paiement. rglementlivraison. comptabilit. CopyrightINLEO.Copiesarenotallowed.Page5/38 6. LaPlan deMarch:LaSalledeMarch Banque SALLEDEMARCH = FRONT-OFFICECopyrightINLEO.Copiesarenotallowed.Page6/38 7. LaPlan deMarch:LaSalledeMarch Banque PRINCIPAUX MTIERSDE LASDMTrading: CentredegesCondelabanquedinvesCssement. Grentlerisquedelabanque,suiteuneprisedeposiConparleTraderluimmeou suitelavented'unproduitstructur,eectuparlavente. Structura(on: Conoivent,me`entenplaceetinnoventlesproduitspropossparlabanque. Ontunebonnetechnicitetconnaissancedesproduits. Vente: EntroiterelaConaveclesclientsnaux(grandscomptesouinsCtuConnels). ProposentdesproduitsdinvesCssements.Conseillentetinformentlesclients. Quants: ElaborentdesmodlesmathmaCquesetdesouClspourlagesCondesportefeuilles. IT: DveloppentlesouClsncessairesaufoncConnementdesacCvitsdelaSDM. CopyrightINLEO.Copiesarenotallowed.Page7/38 8. Plan CasPra(que:TradingdunProduitStructur Objec(f:MontrerlerledechacunedesquipesdelaSDMCopyrightINLEO.Copiesarenotallowed.Page8/38 9. PlanTradeLifecycle ManagementCopyrightINLEO.Copiesarenotallowed.Page9/38 10. LaPlan deMarch:RleetOrganisa(on Banque ETAPESTRADE PROCESSING BANQUE DE MARCHDUDANS UNEUnTrade: estuncontratentredeuxcontreparCes, excutparleFront-Oce.OrdresMiddleOceFrontOceExcutions- ValidaCon - Booking - ConrmaCons- ExecuCon - CaptureBackOce - Clearing - Se`lement - AccounCng& Finance- InsCtuCons Financires, - Socitsde Clearing, - Autres intervenants.Etapes du Trade Processing des Transactions Financires CopyrightINLEO.Copiesarenotallowed.Page10/38 11. Plan StraightThroughProcessingIntgre l'ensemble des rgles de gestion et techniques visant optimiser les processus d'changes et de transactions internes et externes d'un tablissement. Cherche rduire et contrler le risque oprationnel pendant les diffrents cycles de traitements : simplification des chanes de flux plus grande automatisation pour une rduction des dlais de traitements mthodologie d'identification des risques..."Execu(on TradeCapture TradeValida(on TradeEnrichment TradeProcessing TradeConrma(on/ Arma(on/Matching TradeInstruc(on AgentMatching TradeSe]lementStraight Through Processing (STP)Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page11/38 12. Plan TradeExecu(on Execu(on Execu(on3modesdexcu(on:Capture Valida(on Enrichment TradingFloor ComputerisedExchangesProcessing Conrma(on/ Arma(on/ Matching TlphoneInstruc(on/ AgentMatching Se]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page12/38 13. Plan TradeCapture Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ Matching Instruc(on/ AgentMatchingIndpendammentdeloriginedelexcu(on,toutesles transac(onsdoiventtreenregistresparloprateurdu march: Pourme`rejouruneposiConsurunCtrespcique, Pourme`rejourleprix Pourperme`rel'oprateurpourcalculerlebnceoulaperte detrading PourfaciliterlagesCondesrisques ExigencesrglementairesSe]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page13/38 14. Plan FrontOceTradeDetail Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ Matching Instruc(on/ AgentMatchingLesdtailsdutradedoiventtreenvoysauBackOcepour letraitementetlerglement. TradingBook TradeDate DealTime ValueDate OperaCon(e.g.Buy/Sell,Lend/Borrow,In/Out) QuanCty Instrument/Security Price CounterpartySe]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page14/38 15. Plan TradeValida(on Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ Matching Instruc(on/Lavalida(onpermetdevrierquelesinforma(onsrecues parleBackOcecorrespondentcellesduMiddleOce. LaValidaConinclutlavricaCondesstaCcdatadutrade: Exemples: SilacCfestreconnuparlesystme? SilacontreparCeestreconnue? SileTraderestautoristraiterpourlecomptedutrading book? SiletradingbookpeuttraiterleproduitenquesCon? Siladatedevaleurestvalide?(jourfridanslelieudu se`lement?)AgentMatching Se]lementToutesleserreursdoiventtreinves(guesetcorriges.Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page15/38 16. Plan TradeEnrichment&Processing Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ Matching Instruc(on/ AgentMatchingLenrichissementdesTradesconsisteajouterdesdonnes spciquesandeperme]releprocessingenaval. Cesdonnesnesontgnralementpasinclusesdanslessystmesdu FrontOce. Exemples: LereporCngrglementaire, LesinformaConsrequisespourlaconrmaCon, SelecCondesdtailsdudpositaire, SelecCondesinstrucConsdese`lement.Se]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page16/38 17. Plan TradeConrma(on/Agreement Execu(on CaptureLeTradeConrma(onestunprocessquiestrequispour rduirelerisquedeP&L.Enrichment Ilpeuttreralisen: Processing EnvoyantdesconrmaConsauxcontreparCes;Valida(onConrma(on/ Arma(on/ Matching Instruc(on/ RecevantdesconrmaCons; Lacomparaisondestrades,descontrats; TradeArmaCon:conrmaConlectroniquedestrades.AgentMatching Se]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page17/38 18. Plan TradeMatching Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ MatchingLeTradeMatching(appariement)correpondgnralementau matchinglectroniquedesdtailsdestrades. LesdeuxcontreparCessonttenuesderenseignerlesdtailsdu tradeunsystmecentralis. Lesrsultatscorrespondants(iematched,unmatched)sontfournis pourlesdeuxparCes. Exemples: OmgeoCentralTradeManager(CTM).Instruc(on/ TRAX(InternaConallytradeddebt&securiCes).AgentMatching DepositoryTrust&ClearingCorporaCon(DTCC)Se]lement Fails&Fail Management NaConalSecuriCesClearingCorporaConsTradeMatchingService. (NSCC)CopyrightINLEO.Copiesarenotallowed.Page18/38 19. Plan Se]lementInstruc(ons Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ MatchingLesinstruc(ondese]lementsontu(lisespourcommuniquerles mouvementsde(tresetdecashaudpositaire.. LeTradeAgreementconrmelesdtailscommerciauxdutrade. LesInstrucConsderglementindiquentlesdtailscommerciaux dutradeetl'emplacementetlesdtailsducomptepourles mouvementsdetrsorerieetdeCtres.(Se`lementdetails/dtails depaiement).Instruc(on Instruc(on/ AgentMatching Se]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page19/38 20. Instruc(onCommunica(onMethods Plan Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ Matching Instruc(on Instruc(on/ AgentMatchingProprietaryMessaging CREST(CentralSecuriCesDepositarydesCtresUK) Euclid(forEuroclear) Cedcom(forClearstream) S.W.I.F.T. CREST Euroclear Clearstream AgentBanks CustodiansSe]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page20/38 21. Plan Matching Execu(onDsquelesinstruc(onssontrecuesparledpositaire:Capture Valida(onInstrucConMatchingEnrichmentStatusUpdate(matched/unmatched/unknown).ProcessingUnmatchedResoluConTradeSe`lementConrma(on/ Arma(on/ Matching Instruc(on AgentMatching Se]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page21/38 22. Plan Instruc(onsMatching:EExample Instruc(onsMatching: xemple Execu(on Capture1 InstrucConsenvoyesparlesdeuxcontreparCes. 2 InstrucConmatching.. 3 InstrucConStatus(Matched/Unmatched)estenvoyauxcontreparCes.Valida(on Enrichment1Processing Conrma(on/ Arma(on/ Matching1 2DPOSITAIRE CSDCONTREPARTIE2Instruc(on/3CONTREPARTIE13AgentMatching Se]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page22/38 23. Plan Se]lement Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ Matching Instruc(on/ AgentMatching Se]lement Fails&Fail ManagementLeTradese]lementestl'acted'changerdes(tresetdes liquiditsentrelesdeuxcontrepar(es. Terminologie:ValueDate/ContractualSe`lementDate/Actual Se`lement Datedevaleur=datederglement,danslamajoritdescas, DatederglementeecCf:Silerglementnepeutpastreralisla datedevaleurTypesdese]lement: FullSe`lement ParCalSe`lement SecuriCesOnly CashOnly CrossCurrencySe`lementCopyrightINLEO.Copiesarenotallowed.Page23/38 24. Plan Se]lementConsidera(ons Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ Matching Instruc(on/ AgentMatching Se]lement Fails&Fail ManagementS'assurerquelevendeurd(entlenombrerequisde(tres chezledpositaire. Assurerl'acheteurdisposed'unetrsoreriesusantepour eectuerlepaiement. L'acheteurpeutagrgersurplusieurscomptes,lemontanttotaldoit couvrirlemontantrequis.(Funing/Financement). L'acheteurpeutavoiruneconvenCondecrditavecledpositaite quivacouvrirledcitdetrsorerie.(Securedcreditline/ Dcouvert). L'acheteurpeutavoiruneconvenConparlequelleundptde garanCeestdtenuedefaoncompenserlincapacitde payement.(CollateralAgreement)CopyrightINLEO.Copiesarenotallowed.Page24/38 25. Plan Fails&FailManagement Execu(on Capture Valida(on Enrichment Processing Conrma(on/ Arma(on/ MatchingUnfailedtradeestunetransac(ondontlerglementchouela datedevaleur. Lacheteuretlevendeursontimpactsparlchecduse`lement: Impossibilitd'uCliserlecashpournancerd'autresachatsdeCtres; Impossibilitdeprterlecashsurlesmarchsmontaires(impact surlatrsorerie); ImpactdesrisquesdeuctuaCondescoursdesacCfs,provoquant unchangementdanslavaleurdesCtres(marktomarket).Instruc(on/ AgentMatching Se]lement Fails&Fail ManagementRaisonsdesFails InstrucConspasreusparledpositaire InstrucConsnonreconciliesladatedevaleur Trsorerie,garanCes,lignedecrditinsusant,CtresinsusantsCopyrightINLEO.Copiesarenotallowed.Page25/38 26. Plan InterestClaims Execu(on Capture Valida(on EnrichmentUnInterestClaim(rclama(ond'intrt)estlacompensa(on delapar(edfaillantelaperted'intrtsurtrsorerieou l'u(lisa(onde(tres. LestransacConschouessontcontrlesandedterminerla raisondel'checetperme`relacompensaCond'intrts;CertainsmarchsontdesrecommandaConsd'intrtsminimaux exigiblesetimposentdesdlaisdanslesquelslesrclamaCons doiventtremises. Lecotpeuttredirectementa`ribuauxbooksdetradinget impacterleurP&L.Processing Conrma(on/ Arma(on/ Matching Instruc(on/ AgentMatchingSe]lement Fails&Fail ManagementCopyrightINLEO.Copiesarenotallowed.Page26/38 27. PlanReconcilia(ons,Contrle,Aspects RglementairesetComplianceCopyrightINLEO.Copiesarenotallowed.Page27/38 28. Plan Reconcilia(ons Perme]entdevrierlaper(nencedessaisiessurlessystmes: Interne:entrelesdirentssystmesetdpartements; Externe. UnReconcilia(onBreakestuneinconsistanceentredirentes donnes.CopyrightINLEO.Copiesarenotallowed.Page28/38 29. Plan Reconcilia(ons Importancedelages(ondesreconcilia(ons Contraintesrglementaires GesCondesrisques CorporateAcConsTypesofReconcilia(ons PosiConReconciliaConsTradeReconciliaConsSystemReconciliaConsCopyrightINLEO.Copiesarenotallowed.Page29/38 30. Plan Contrle Lesquipesdecontrlesontresponsablesdelaper(nencede l'enregistrementetdusuividetouteslestransac(onsnancires Exemplederapportsdecontrle ReconciliaCons ProtandLossStatement(P&L) BalanceSheetReporCng(BS) ManagementInformaConSystemReporCng(MIS) CreditRiskReporCng(CRES) CopyrightINLEO.Copiesarenotallowed.Page30/38 31. Plan Rgulateurs Lesautoritsrglementaires: valuentdelacapacitdesintervenantsparCciperaumarch;SassurentquetouteslestransacConssefontdelamanireapproprie;SurveillentlesacCvitsquinesontpasconformesaveclesrglesdusagesurles marchs;ProtgentlesinvesCsseursquisontdesparCcipantsauseindumarch;ProtgentlarputaConetl'intgritdumarchAppliquentdesloisetd'ventuellespoursuitesauxcontrevenantslalgislaCon.CopyrightINLEO.Copiesarenotallowed.Page31/38 32. Plan FinancialRegulatoryAuthori(es CountryRegulatory AuthorityAustraliaAustralian Securities & Investments Commission Prudential Regulatory AuthorityBahamasBahamas Central BankFranceCommission des Operations de Bourse Banque de FranceHong KongSecurities & Futures Commission Monetary AuthorityJapanFinancial Supervisory Agency Financial Reconstruction CommissionSingaporeMonetary Authority of SingaporeUKFinancial Services Authority (FSA)USASecurities & Exchange Commission (SEC) US Commodity Futures Trading Commission National Futures AssociationCopyrightINLEO.Copiesarenotallowed.Page32/38 33. Plan Compliance Len(tComplianceestlergulateurinternedelaBanque. Lesresponsabilitsincluent: AssurerlaconformitauxrglesdesorganismesdergulaCon TraitementdesinformaConscondenCelles S'assurerquelepersonnelestsusammentetcorrectementautorisoprersur lemarch GesCondelarglementaConanC-blanchiment SurveillancedesopraConspersonnellesdesemploysCopyrightINLEO.Copiesarenotallowed.Page33/38 34. PlanQuizCopyrightINLEO.Copiesarenotallowed.Page34/38 35. Plan Quiz LorsdelasaisiedunTrade,leTraderestleseulexclusivementresponsibledela per(nencedelasaisie. Vrai FauxLaper(nencedesdonnesdoittrevriependanttoutlecycleduTrade Processing.CopyrightINLEO.Copiesarenotallowed.Page35/38 36. Plan Quiz Labanquefaitunemissiondunproduitstructur.Expliquezlerledechacundes intervenants: Quants Structureurs Vendeurs Traders Juristes MiddleOce, BackOce AnalystesFinanciersCopyrightINLEO.Copiesarenotallowed.Page36/38 37. Plan Quiz Quelssontlesobjec(fsbutdesprocessSTP(StrightThroughProcessing)Cherche rduire et contrler le risque oprationnel pendant les diffrents cycles de traitements : simplification des chanes de flux plus grande automatisation pour une rduction des dlais de traitements mthodologie d'identification des risquesCopyrightINLEO.Copiesarenotallowed.Page37/38 38. Plan MERCI Touteques(on,remarqueoucommentaire sontlesbienvenuswww.inleo.cocorporate-learning@inleo.coCopyrightINLEO.Copiesarenotallowed.Page38/38