Available Dates:
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| Course Code: 211 |
| Duration: 1 day |
| Level: Basic |
| Fee: $795.00 |
| Instructor:
Meyer Grumet |
| CPE Credits: 7 |
| Prerequisite: No Prerequisite Required |
This course is intended for those individuals who have little or no background in the accounting requirements for multi-currency portfolios. It provides a broad understanding of the issues involved in the accounting and reporting of global securities and foreign cash balances.
Various methodologies will be presented to calculate cost basis and market valuations in both Local and Base currencies, taking into account the appropriate FX rates that are required. Realized and unrealized gain/loss calculations will be reviewed along with the market standards for bifurcation of the gain/loss.
The course will also touch upon system considerations in developing multi-currency, global accounting capabilities with flexible accounting options that can satisfy changing client requirements.
Foreign investments present unique processing and reporting challenges for financial institutions. Upon completion of the program, participants will have a comprehensive overview of the processing and accounting requirements for international portfolios.
Introduction and Terminology
- Base Currency (Reporting Currency)
- Local Currency (Trading / Settlement Currency)
- Funding Currency
- FX Rates
- Deal rate
- Service provider vendor rate
Cost Basis of Securities - Local
- Base
- Buy / Sell - cost and proceeds
- Gain / Loss calculations
Cash Processing
- Cost of foreign cash
- Proceeds
- Market Value
- Unrealized / Realized gains and losses on cash
- FX currency transactions
Multi-currency Client Reporting - Consolidating assets into client's reporting currency
- Geographic Exposure information
- Preliminary Asset Statement Overview
- Content
- Presentation and Format
System Considerations - Global Account Master
- Global Asset Master
- ISO Codes
- Currency Codes
- Country Codes
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