AMF and ISITC to Meet with DTCC on Warehouse
The Asset Managers Forum and ISITC have formed a working group to work closely with DTCC to ensure that functional and operational issues that are of importance to asset managers and custodians in connection with the Trade Information Warehouse are being addressed and resolved. The Warehouse, a central trade information repository for credit derivatives, was launched on Tuesday, November 14, 2006. We encourage all asset manager and custodian members of AMF to have representation at this meeting. For additional information on this initiative, please contact George Reis of the AMF at 646.637.9280.
Working Group on Fails Management
First Meeting on Thursday, December 7th
As a follow-up to the AMF workshop on Fails Management and Resolution, a Working Group has been established to address the issues that cause fails and could be improved through an organized industry effort. The Working Group will first discuss the most common causes of fails and then identify and prioritize projects to focus on. The goal of this initiative is to immediately improve fail rates and also to improve the processes of trading, clearing and settlement of fixed-income securities.
A kick-off meeting for this working group will take place on Thursday, December 7, 2006. If your firm is interested in being part of this, please contact Elisa Nuottajarvi of the AMF Staff at 646.637.9266.
Fixed-Income Level II - Training Class
Register now to ensure a seat at this Fixed Income Level II class, which will take place in New York City on Friday, December 1st.
This class will help you to:
- Identify the myriad of risks faced by the fixed income portfolio managers
- Understand and apply fixed income risk measurements
- Understand different yield curves and their application in fixed-income
The Fixed Income Level II training class is offered by the GFMI (Global Financial Markets Institute) and The Asset Managers Forum. This class is the second in the series, but may be taken individually. Remember, Fixed-Income Level 1 was a sold-out class, so act soon and reserve your place in the class.
Fixed Income Level II High Level Class Outline (please visit the registration page for the full outline):
- Introduction to Portfolio Management
- Fixed Income Risk Measurements
- Yield curves and the Team Structure of Interest Rates
- Active vs. Passive Management
The fee for the class is $595 per person. The class is being offered only to the membership of the AMF and SIFMA.
Click here for additional information and to register online for this class. Alternatively, you can contact Diane Trupia of the AMF staff at dtrupia@sifma.org or call 646-637-9270.
Comments on Corporate Actions Due on November 30
The AMF Corporate Actions Committee is recommending best practices relating to corporate actions processing in order to promote efficiency and automation in this area. These best practices are published for comment and discussion by securities industry participants. The best practices document, which is available at the link below, describes the current issues and defines proposed best practices on policy issues, documentation and communication of corporate actions.
Click here to Read Corporate Actions Best Practices Document Exposure Draft
The AMF encourages industry participants to comment on these proposed best practices. Written comments, which are due by November 30, 2006, should be sent to Elisa Nuottajarvi of the AMF staff at enuottajarvi@sifma.org.