Overview

The Charges Selection course is designed to cover the set up of clearing and execution commissions using the Charges Selection functionality on the RANsys system.

Course duration

1/2 day.

Who will benefit

The course is mainly geared towards those within your company who will be responsible for setting up and maintaining commission rates for clearing and execution in the system.

Objectives

To provide the skills and knowledge to maintain and troubleshoot the commission selection set up.

What skills will delegates gain?

This course will enable participants to:

• Set up accounts to use Charges Selection and set up the relevant Parameters.
• Group accounts with similar commission structures together by Family, Charges Groups and Group codes.
• Group together instruments with similar commission structures together by Market and Charge Class.
• Set up commission exception groups by Class, Instrument, Account, and Currency.
• Select clearing and execution commission charging currencies.
• Activate commission-charging scenarios by specific trading event.
• Identify and use commission methods available for clearing and execution commission, exercise/assign and delivery fees, and for reflecting execution brokerage onto a client account.
• Define multiple commission rates by executing broker.
• Break down commissions into the appropriate charging elements using reporting classes.
• Set up accounts to post clearing and execution commission upfront, on close or at month end.
• Recognise the main commission analysis reports.

Prerequisite

None, but some familiarity with the Ledger and Instrument maintenance screens would be an advantage.

Follow on courses

None.

This course can be taken in combination with Static Data Management (SDM).

Course contents

• Defining Commissions by Charges Group, Ledger, Group Codes and Family.
• Defining Commissions by Instrument, Charge Class and Market.
• Defining Commission Exceptions.
• Clearing and Execution Commission Methods and Rates Definition.
• Activating Commission Methods by Event.
• Commission Break Down Reporting.
• Charging Clearing and Execution commission upfront, on settlement and at month-end.
• Commission Reporting.

For more information on this or any of the courses on offer please email us at training@rolfeandnolan.com