International Securities Settlement & Global Custody
Course description
SPECIAL EARLY BIRD OFFER – REGISTER NOW & SAVE up to £345!
We offer 3 editions of this programme:
- Virtual: 22-24 Sep 2026, 3 x 4.5 hrs sessions starting at 9 a.m. GMT. BOOKINGS CLOSE BY 10 SEP!
- Virtual: 9-11 Nov 2026, 3 x 4.5 hrs sessions starting at 9 a.m. GMT.
- London: 9-10 Dec 2026
Join us to learn about the key concepts and processes in securities settlements and discuss with international peers about the best market practices around the world.
Two days of practical learning and sessions conducted by a senior expert with over 30 years of international experience.

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This training program is designed to provide delegates with practical knowledge about the key concepts, systems, processes and procedures in international securities settlement and global custody services as well as operational risks involved.
You will have a chance to gain skills necessary to facilitate day-to-day transactions and communication processes between all parties involved as well as all stages about clearing and settlement process, the role of exchanges and clearing houses, functioning of the settlements department, role of payments in the settlements.
Day two focuses on the role and functioning of global custody, services provided, derivatives settlements, corporate actions and risk management. You will also learn about the latest sector’s trends and changes.
You will also learn about the impact of the MiFID and T2S – Target 2 Securities and upcoming T1S initiatives on the market.
The course is conducted by senior experts with many years of international experience and includes many international case studies and exercises.
What will you learn
By attending this program you will gain:
- Practical understanding of international securities settlement processes and custodial services, key players and concepts and relationships between them
- A clear understanding of the operational risks involved in these two services
- An update on recent developments of international securities settlement and custodial services including Target 2 Settlements and MiFID
- An understanding and appreciation of the communication processes between all the parties involved in a given transaction
You may be also interested in combining this course with one of the following programmes:
- Clearing & Settlement and Counterparty Risk
- Corporate Actions – NEW
- International Payments
- ISO 20022 & SWIFT MX Messages – NEW
- International Trade Finance
- DLT – Distributed Ledger Technology – NEW
- Compliance & Regulatory Reporting for MIFID & EMIR
Register for any 2 public courses at the same time and save £100 + VAT (in total, not per course).
Main topics covered during this training
- Securities settlement – exploring key concepts and market context
- The relationship between exchanges and clearing houses
- Derivatives and securities settlement process
- Understanding the role of a settlement department
- The role of payment systems in securities settlements
- Settlement process including pre-settlement, settlement and reconciliation processes
- European switch to T2S (TARGET 2 Securities) and upcoming T1S settlement system
- Timing in cash management and Forex Exchange
- Global custody and derivatives clearing
- Core and value-added services in global custody
- Identifying and managing risks in clearing, global custody and settlement
- The impact of ‘Corporate actions ‘ in custody services
- Key legal and regulatory issues
- Exploring current industry trends
Who should attend
Professionals from Custodial and Investment Banks, Exchanges, Hedge Funds, Pension Funds and Endowments and other institutional investors from the following departments:
- Custody Services
- Settlements
- Transactions & Processing
- Compliance
- Risk Management
- Credit Risk
- Operations
- Reporting
- IT
- Customer Relationship
International Securities Settlement and Global Custody - A Two Day Programme
- Timings: Virtual course is split into 3 x 4,5 hour sessions starting at 9 a.m. UK time with 2 short breaks on each day. Edition in London lasts 2 full days from 9 a.m. until 5 p.m. with lunch break at 12.30 and 2 shorter breaks mid morning and afternoon.
- The content is exactly the same for both editions.
DAY ONE
8.45 – 9 Arrivals & Registration
9 – 10.30 – Introduction to the clearing and settlement process
- Wall Street 101 and the securities trade life cycle
- Principles of securities and derivatives settlement
- Trading organisation structure and operations
- Clearing basics
- Key concepts and terminology
- Capital requirements
- Chain of entitlements
- Immobilisation and dematerialisation
- Book-entry and certificated securities
10:30 – 11:00 Morning break
11:00 – 12:00 Exchanges and Clearing Houses
- Role of exchanges
- Role and function of the clearing house
- Exchange/clearing house interaction
- Derivatives and derivatives clearing
- Recent changes in derivatives clearing
- Bilateral clearing
- Central counterparties
- Nominee services
- Vault management
12:00 – 12:30 Settlements – The Role of the Settlements Department
- Importance of settlement
- Relationships and responsibilities
- Management information
- Counterparty relationships
- Rules and conventions
- Security-class differences
- CPSS-IOSCO recommendations
- Delivery versus Payment interaction
12:30 – 13:30 Lunch
13:30 – 14:00 Nominee Services
- What a nominee is
- Key nominee activities
- Announcements and communications
- Voting
- Entitlement actions
14:00 – 14:25 The Role of Payment Systems in Securities Settlements
- LVTS and RTGS systems
- International payments concepts, procedures and settlements
- CLS
14:25 – 15:15 Settlement Processes
- Pre-settlement
- Settlement execution and monitoring
- Securities timing
- Overcoming problems
- Cash management and FX timing
- OCT derivatives
- Residual securities
- DvP models
- Reconciliation
15:15 – 15:45 Afternoon break
15:45 – 16:30 Settlement Processes continued / applied discussion
- Further operational examples
- Common bottlenecks and control points
- Participant questions and clarification
16:30 – 17:00 Group Discussion / Day 1 Wrap-Up
- Delegates compare experience and preconceptions against the day’s material
DAY TWO
09:00 – 10:30 CLS – Its Purpose, Role and Operation
Herstatt risk
- Settlement methods in FX
- Continuous Linked Settlement
- Why CLS matters for securities settlements
- PvP requirements and overlapping RTGS systems
- CLS and correspondent banking
- Current CLS statistics
- STRATE case study introduction
10:30 – 11:00 Morning break
11:00 – 12:00 Global Custody
- Users and providers
- Structure for custody services
- Role of the derivatives clearing broker
- Sub-custodians
- Life cycle of a trade
- Trade settlement
- Market practice
- Cut-off and value dates
- Safekeeping
12:00 – 12:30 Global Custody – Core Services
- Settlement
- Safekeeping
- Income collection
- Corporate actions
- Cash management
- Funding
- Tax management
- Reporting and information chain
- CSDs and ICSDs
- Domestic vs international CSDs
12:30 – 13:30 Lunch
13:30 – 14:00 Global Custody – Value Added Services
- Investment accounting
- Master custody / master record-keeping
- Securities lending, repos and collateral
- Trustee services
- Portfolio valuation
- Collateral management
- Country-specific depositories
14:00 – 14:30 Target T2 Securities
- Drivers behind T+2
- Benefits
- T2S migration
- Client transaction impact
- Scope and exclusions
- Derivatives and T+2
14:30 – 15:15 Custody Services “Corporate Actions” / Identifying and Managing Risks
- Corporate actions and why they occur
- Common types and examples
- Proxy voting
- Timing and communication
- Corporate actions risk
- Key risk categories in clearing, custody, settlement and payment systems
15:15 – 15:45 Afternoon break
15:45 – 16:20 Identifying and Managing Risks continued / Legal Environment
- Custodian-specific risks
- IOSCO and technology concerns
- Automation risk
- Industry issues
- Key legal issues
16:20 – 17:00 Exercise / Course Wrap-Up
- Risk Manager exercise
- Assessing mitigation, recommendations, and compliance versus practicality
Trainer
Richard’s professional experience spans over 25 years. He started his career with Wells Fargo Bank, following by Fundtech and then moving to international advisory and consulting for the private and high-tech sectors providing high-level consulting, business analysis, project management and training to a wide range of banking clientele across the globe.
Over his career Richard was involved in International Trade Finance, Cross Border Payments and Settlements, Operational Risk, AML and Corporate Governance amongst others.
He has spent extensive time servicing a diversity of financial institutional clients in many countries including: UK, Ireland, China, Singapore, Hong Kong, Philippines, Korea, Malawi, Ghana, Nigeria, Kenya, South Africa, Poland, Sweden, Netherlands, Greece, Norway, Bermuda and across North America.
Clients that Richard has trained & consulted to include: JP Morgan, Abu Dhabi Commercial Bank, Qatar Exchange, Abu Dhabi Investment Authority, Central Bank of Egypt, Irish Gas, UBS, Central Bank of Ireland, Central Bank of Norway, Merrill Lynch, PGGM, BP, Asian Development Bank, African Development Bank, Instinet, Fundtech, European Central Bank, Brunei Investment Agency, British Steel Pension Fund, Salesforce and Tullet Prebon amongst others.
FAQ
We offer banking and finance courses as well as soft skills and business management training. You can either attend an open public course in London or Dubai or arrange customised in-house training to be delivered in any of your offices worldwide.
Most of our public courses are run over 2 full days. Some programmes are offered as a 1 or 3 day training.
In-house training is tailored to client’s requirements and can be organised over 1 day, 2-3 weeks or longer.
Public courses are organised mainly in London and Dubai. Occasionally we organise courses in other centres like Paris or New York. Check our public course calendar for the current list of programmes. We use a range of training venues, all in the centre of the cities and with excellent transport links to the airports and train stations.
In London we use venues in the centre (near Oxford Circus station or in Mayfair) or in the City (near Liverpool Street or Moorgate stations).
In Dubai our courses are organised in one of 4-5* hotels in the Deira district. Once you register we will send you detailed information together with accommodation options if required.
Our in-house courses can be delivered anywhere in the world. We work with over 25 trainers worldwide. Contact us do discuss your requirements. Check our list of available programmes.
Our courses are run in central locations from 9 a.m until 5-5.30 p.m. There are 2 coffee breaks and a lunch break. Lunch is always provided in the venue.
Dress code is smart casual.
All our programmes are taught by senior specialists who have spent many years in their respective sectors, working as senior managers and head of departments, so they understand very well the market and the challenges you are facing.
The experience of our trainers allows us to create very practical programmes, focused on current market trends and challenges. You can be sure that you will gain the knowledge which can be instantly applied in your workplace after the course. You will be analysing real life case studies, take part in group exercises and discussions as well as role plays, whenever applicable.
We want our courses to be as practical and interactive as possible so we limit the number of participants in order to optimise your time with the trainer and allow you to ask questions which are important for you.
In order to understand your requirements and expectations, we will send you a pre-course questionnaire.
You will also receive post-course support so if you have any questions after you left the training, you are welcome to contact us.
There are 2 easy ways to register:
- Go to the course of your choice and click Register Now button to fill the registration page
- Email us to enquiry@eurekafinancial.com
After you register, we will send you registration confirmation and an invoice so you can arrange the payment. Please note that your place is not confirmed until we receive it.
If you register within Early Bird discount period, there’s limited time to arrange the payment in order to be eligible for the discount. You will find all the details on the invoice.
We don’t advise to make any travel and hotel arrangements until you receive full course confirmation from us.
We will send you venue and course details as soon as possible but most likely about 3-4 weeks prior to the course commencement.
You can pay by:
- Making a bank transfer
- Debit/credit card
- Cheque payable to Eureka Financial Ltd. - only within UK
Just mark preferred paying option on the registration form. Whichever form of payment you choose we will always send you an invoice.
If you pay by card, a 2.2% processing fee will be added. We will send you authorisation form so you can give us your card details.
Included in the price of a public course are:
- Course tutorial
- Take away course materials
- Course Certificate
- Lunch on the days of the training as well as drinks and snacks throughout the course
The price doesn’t include accommodation, flights, transfers and any additional costs outside of the training venue.
Yes, we always offer Early Bird discount, so the sooner you register the more savings you can make. We also offer group discounts and if you register for 2 or more programmes at the same time.
If you are a full time student or unemployed, we offer a 25% discount of the full price of the training. Student ID or unemployment status confirmation is required to claim this discount.
If you attend one of our courses you will be entitled to a special discount for a year after the last course you attend with us. Also, if you have attended and recommended us to a friend, both you and your friend will receive a special discount. You will receive more information about it after you attend the course.
See our Customer Loyalty Discounts page for more details.
All our courses based in the UK are subject to the VAT charge of 20%. This fee is irrespective of the country of residence of the delegates.
You can, however, claim the VAT back by contacting UK tax office - HMRC, and filling the relevant form, as long as you comply with the following rules:
For Delegates coming from the EU countries
If you represent a registered business in another EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:
- You're not registered for VAT in the UK and don't have to, or can't be, registered here
- You don't have a place of business or a residence in the UK
- You don't make any supplies in the UK
You can find some more information here. In order to claim the VAT you have to fill Form 65.
For the Delegates from Non EU countries
If you represent a registered business in a non-EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:
- You're not registered for VAT in the UK and don't have to, or can't be, registered here
- You don't have a place of business or a residence in the EU
- You can only use the Refund Scheme if your own country operates a similar scheme and makes it available to UK businesses. If your country has its own Refund Scheme but doesn't let UK businesses use it, you can't claim under the UK Refund Scheme.
- You don't make any supplies in the UK
If the following rules apply to you, please fill the 65A form and send it to HMRC.
Webinars
You can cancel your participation up to a month before the course and receive a refund minus 10% of the full course value. Between 2-4 weeks before the course you will be charged 50% cancellation fee and if you cancel less than 2 weeks before the course you can only offer your place to a colleague. Up to 2 weeks before the course you can reregister for another edition for 10% reregistration fee if there is another webinar offered or you can rebook for a course in London by paying the difference in price plus 10% reregistration fee.
Classroom Courses
If there is any official travel restriction or difficulty related to the COVID pandemic around the time of the course we will convert the training into a webinar or offer to attend the next classroom edition at no extra cost.
If you are unable to attend the course, you can either send a replacement at no extra charge or, up to 10 days before the training, you can transfer your booking to another edition within the next 6 months paying administrative fee of 20% of the full course price. For any cancellation requests received between 11 days and 4 weeks from the course we offer 50% refund or reregistration to another edition for 25% of the value of the booking. For any cancellation requests received more than 4 weeks before the course date we will offer a refund less an administration fee of 10% of the full course price.
Cancellations must be made in writing (letter or email) and reach our office four weeks prior to the course date. We regret that only limited refunds can be given after this period as per points above. Non-attendance without any notification will be charged at full rate. Your place on a course is not guaranteed until we receive the payment. All payments must be made in full before the course date.
All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.
Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.
Yes, you will receive a Certificate of Attendance at the end of the course you attend.
If you have to apply for a Visa to attend a course in the UK, we will issue a letter to support your application. The letter will be issued only after the payment for the course has been made.
It is delegate’s responsibility to obtain a Visa and failure to do so will not make the participant exempt from the cancellation policy.
Anyone suspected of applying for a training course simply to gain a Visa letter will be reported to their embassy.
We will need the following information to issue an invitation letter:
- Full name as it appears on your passport
- Date of birth
- Passport number
- Passport issue date
- Passport expiry date
22 - 24 Sep 2026, Online / Virtual
Register by 01 Sep to save £300
Early bird price £1795 + VAT
Regular price £2095 + VAT
BOOKINGS CLOSE BY 10 SEP! 3 sessions of 4.5 hours @ 9 a.m. UK time. 5% discount for 2 and 10% discount for 3 people.
9 - 11 Nov 2026, Online / Virtual
Register by 01 Sep to save £300
Early bird price £1795 + VAT
Regular price £2095 + VAT
3 sessions of 4.5 hours @ 9 a.m. UK time. 5% discount for 2 and 10% discount for 3 people.
9 - 10 Dec 2026, London
Register by 01 Sep to save £345
Early bird price £1850 + VAT
Regular price £2195 + VAT
5% discount for 2 and 10% discount for 3 people
This topic can be arranged on in-house basis. If you have a group of 4 or more we can customise it and deliver in any location worldwide. Contact us to discuss your requirements
