Introduction to Custody Servicing, Margins, and Accounting Records

This course begins with an introduction to custody and asset servicing. Here, you’ll learn to identify where securities are located for custody and asset servicing and recognize the process to transfer securities. Next, you’ll get introduced to Margins. Here you’ll learn the relevant regulations around the securities margining process and identify the difference between a cash account and a margin account. You’ll also learn the definition of a Special Memorandum Account and short sale and finally get introduced to the 3 types of calls a firm can issue. In the next section, you’ll get introduced to Cash and Brokerage Accounting where you will recognize the purpose for accounting and brokerage accounting and also identify the definition of the Profit and Loss statement. In the next section, you’ll get introduced to the Stock Record and learn about the two primary records kept in a brokerage firm and understand the layout and functioning of the stock record. Next, you’ll get introduced to General Ledger and the definition of the FOCUS report. We will wrap up this course with four optional online courses as additional resources, which will cover the following topics: • The Cashier’s Department • Current Trends in Brokerage Operations • New Regulations in Brokerage Operations • International Operations This course is part 3 of the New York Institute of Finance’s Brokerage Operations Professional Certificate program.