Hi, welcome to the eighth video of the series, which is back-office settlement shifts and reconciliation. In this video, we will cover the various functions of the back office, such as trade pre-matching, trade settlement, trade reconciliation, and the various sets used in the back office. Additionally, we will discuss cash and stock reconciliation, as seen in the previous video on the trade life cycle. The back office is an integral part of the trade life cycle and supports the settlement of executed trades before, on, and after the settlement date. It handles various functions required for trade settlement. These functions can be categorized into three groups: trade pre-matching, trade settlement, and cash and stock reconciliation. In addition to these functions, the back office also handles various accounting and finance tasks. It acts as a communication link between the depository and the broker, serving as a connection to the real world. When it comes to trade pre-matching, it involves matching the economic details of a trade with the counterparty. Back-office teams are responsible for this task. The economic details include trade date, settlement date, quantity of shares, security identifier (ISIN), trade price, and the total amount needed for settlement. Back-office teams various activities to assess trade pre-matching. These activities include setting up systems for straight-through processing (STP). This allows trade details to be directly entered from middle office systems into the back office and then routed to the custodian in the market. Sometimes, there may be trades for new counterparties that don't have established settlement instructions. In such cases, back-office teams manually instruct these trades so they can reach the custodian before the settlement day. The custodian then tries to match the trade with counterparty instructions. If any exceptions occur, such as economic mismatches or quantity differences, back-office teams will need to communicate with counterparties...
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Taxation of securities settlements Form: What You Should Know
Nov 26, 2024 — Exclusion from taxable income — settlement agreements — Canada.ca Use this form to report settlements that are not subject to tax. You have to prepare a separate T5008 Summary T5008 Summary — Canada.ca Use this form to report all amounts received on settlement. You have to prepare a separate T5008 Summary Securities Litigation Settlement Tax Treatment Nov 26, 2024 — Exclusion from taxable income — settlement agreements — Canada.ca Use this form to report all amounts received on settlement after all the necessary information has been entered. You have to prepare a separate T5008 Summary Securities Litigation Settlement Tax Treatment Nov 26, 2024 — Exclusion from taxable income — settlement agreements — Canada.ca Use this form to report all amounts received on settlement after all the necessary information has been entered.
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