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Clearing, Settlement and Custody - 3rd Edition - ISBN: 9780128186909, 9780128186916

Clearing, Settlement and Custody

3rd Edition

Author: David Loader
eBook ISBN: 9780128186916
Paperback ISBN: 9780128186909
Imprint: Butterworth-Heinemann
Published Date: 13th October 2019
Page Count: 330
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Clearing, Settlement, and Custody, Third Edition, introduces the post-trade infrastructure and its institutions. Author David Loader reduces the complexity of this environment in a non-technical way, helping students and professionals understand the complex chain of events that starts with securities trading and ends the settlement of cash and paper. The Third Edition examines the roles of clearing houses, central counterparties, central securities depositories, and custodians. The book assesses the impact on workflow and procedures in the operations function at banks, brokers, and institutions. In consideration of technological and regulatory advances, this edition adds 5 new chapters while introducing new case studies and updating examples.

Key Features

  • Adds a new chapter while updating all chapters
  • Adds new case studies and end-of-chapter questions
  • Introduces current examples to illuminate important points


Finance and business school upper-division undergraduates and graduate students worldwide preparing for careers in the financial industry. Finance industry professionals working in financial market operations

Table of Contents

1. The Structure of Clearing and Settlement
2. Blockchain and DLT in Clearing and Settlement
3. The Role of the Clearing House, Trade Repositories, and Central Securities Depositories
4. Securities Settlement
5. Clearing and Settlement of Derivatives
6. Custody Services and Fund Administration
7. Collateral Management
8. Operational Risk in Clearing and Settlement


No. of pages:
© Butterworth-Heinemann 2019
13th October 2019
eBook ISBN:
Paperback ISBN:

About the Author

David Loader

David Loader is the cofounder of DSC Portfolios Ltd., which specializes in global training and consultancy services for the financial industry. He has worked in the debt, equity, and derivatives markets, and his expertise in back-office dynamics is unparalleled. He has written widely on operations management, derivatives, fund administration, and operational risk.

Affiliations and Expertise

Director, DSC Portfolio Ltd. and Loader Associates Ltd.

Ratings and Reviews