Course Code: 212

Duration: 1 day

Level: Intermediate

Fee: $795.00

CPE Credits: 7

Prerequisite: Course 211 or some familiarity with the basic accounting requirements for multi-currency portfolios is recommended but not required.

This program would be helpful to those who work at a global Securities Trading Organization (i.e., a company that buys, sells and holds securities for its own account, or holds securities in safe custody on behalf of its clients), particularly business analysts and individuals who work in the accounting, operations, portfolio services or reporting areas who are responsible for generating periodic multi-currency statements on a trade date basis.

Trade Date accounting will be reviewed along with a detailed discussion of the unique requirements related to trade date accounting, including receivables and payables in a multi-currency environment, realized currency gains/losses between trade date and settlement date, etc.

A comprehensive trade date accounting report package will be developed using concrete examples of purchases and sales, income, etc.  The package will include cost basis and market valuations in Local and Base currencies, unrealized and realized gains/losses on securities, currency, receivables, payables, etc.  

Topics for discussion include: 

Review of Cost Basis

• Local and Base currencies
• Gain/Loss Calculations

Trade Date Accounting: Review of Concepts

Realized Currency Gain/Loss

• Between Trade and Settlement Date
• Income
• Disposition of Cash

Receivables and Payables

• Unrealized gain/loss on Receivables/Payables
• Trading - Buys and Sells
• Income

Report Package with Statement Schedules

• Statement of Assets and Liabilities
• Reconciliation of Assets
• Statement of Unrealized Gains/Losses
• List of Holdings
• Statement of Currency Transactions
• Statement of Receivables
• Income Statement

Period to Period Rollover Calculations

Upon completion of the course, participants will have a comprehensive overview of the trade date accounting requirements for multi-currency international portfolios and will be familiar with the reporting elements required in a comprehensive trade date accounting statement package.