Give Up Essentials 2: Troubleshooting Real-World Scenarios

Course Overview

Give-Up Essentials, the pre-requisite to this course, uses give-up trade flows to show how the process works when everything runs smoothly. Give-Up Essentials: Troubleshooting Real-World Scenarios examines problems that can arise during give-up trade processing. It identifies where failures occur and explores how problems can be resolved.

Course Duration: 90 minutes

Key Takeaways

Upon successful completion of the course, learners will be able to:

• Explain the financial, risk and reporting ramifications of errors and omissions introduced during the setting up and processing of give ups. 
• Describe in detail the impact trade flow interruptions have on customers, executing brokers and clearing brokers,
• Identify conditions more likely to introduce errors during a trade flow vs when such errors are typically detected,
• Explain how events outside of the trade flow can prevent trades from processing on Trade Date
• Demonstrate technical competencies in give-up trade processes specifically related to troubleshooting issues when they arise

Course Details

The course consists of seven modules that cover both issues that can arise and how to address them:

• Impact of give-ups not completing on trade date.
• Customer onboarding errors causing give-up issues.
• Detecting and preventing errors throughout the trade flow
• Troubleshooting real-world scenarios.
• Real-world consequences--the price of failure.

Knowledge checks and a 25-question final assessment help learners gauge their understanding throughout the course.

Who Should Take This Course?

• Employees at executing brokers, clearing brokers, introducing brokers, exchanges, and clearinghouses.
• Customers such as commercial hedgers, institutional investors, commodity pool operators, commodity trading advisors, hedge funds, principal traders and retail traders that place their futures and options orders through an executing broker(s) and choose a different clearing broker(s) to clear their trades.
• Employees at organizations that support trading, clearing and settlement functions or market regulators who need a better understanding of give up, allocation and clearing processes.

To complete the course, learners must pass the final assessment with a score of 80% or higher. Upon successful completion, a training certificate will be available for download.