KudoZ home » English to Dutch » Finance (general)

post-trade environment

Dutch translation: post-transactie(-)omgeving

Advertisement

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:post-trade environment
Dutch translation:post-transactie(-)omgeving
Entered by: Evert DELOOF-SYS
Options:
- Contribute to this entry
- Include in personal glossary

08:09 Nov 22, 2001
English to Dutch translations [PRO]
Bus/Financial - Finance (general) / banking
English term or phrase: post-trade environment
In financiële context. Andere combinaties: post-trade processes, post-trade market infrastructure, post-trade world
Carole Raes
Local time: 07:11
post-transactie(-)omgeving
Explanation:
post-transactie(-)verwerkingen
post-transactie(-)marktinfrastructuur enz.

Bedoeld wordt het ogenblik waarop een transactie effectief heeft plaatsgevonden, maar waarbij o.m de bevestiging, bepaalde verrekeningen, verdere analyse enz. nog moet volgen ('electronic trade confirmation, performance analytics, portfolio fund accounting, cash sweep with automatic investment, tax and investment compliance and customized or flexible reporting, slicing and dicing financial assets in all possible dimensions'- zie verder).

Kan zeer complex zijn en is dat ook.

Volgend excerpt maakt een en ander duidelijk:
"Our vaults are computers; our secure networks are armored cars; real-time digital feeds are our client statements; and our expertise in software and information management creates real value-added throughout the investment process -- pre-trade, trade and post-trade.

Many custody clients don't fully understand the degree to which custodians commit next-generation technology to guard their assets and systems. After all, it is not only the end product of the investment cycle that custodians are guarding. Increasingly, we are guarding the whole financial pipeline - from end to end.

Custodians themselves are somewhat responsible for this state of affairs. Because in our race to acquire market share in a consolidating global industry, we have sometimes tended to treat the vast array of information services that we provide as "extras," bundled together with traditional "core custody" at minimal cost.

Our clients have grown accustomed to expecting the world's best technology and information services - which is flattering - but this kind of innovation doesn't come cheap. Lipper Analytical Services, cited in a recent Financial Times survey, estimates that the average spending on technology by the top 20 custodians is $80 million per year and rising. At State Street, we invest 20% of our total operating expenses on technology operations and development.

Global custody continues to demand the very highest level of technological expertise. And it is in large measure the financial demands of keeping up that have driven such venerable firms as Morgan Stanley Dean Witter, Barclay's Bank, JP Morgan, NationsBank, BankAmerica and Wells Fargo to exit the custody industry.

It goes without saying that the technology challenges facing global custodians are enormously complicated by the need to re-fit systems to accommodate European Economic and Monetary Union (EMU) and the Year 2000 (Y2K) transitions.

The committed handful of global firms that are left as our "next-generation custodians" will have to offer a daunting menu of services to complete in the new financial marketplace we see over the horizon.

First, they must provide real-time financial information, process trading results and deliver timely confirmations in a host of currencies, worldwide. They must be able to record trades and constantly monitor their status. And of course, custodians must provide sophisticated, accurate post-trade information and performance analytics.

Custodians must also provide compliance monitoring - a "watchdog" function. Many customers are now demanding software that will actually prevent the diversion of funds into unauthorized investments. The would-be global custodian must provide quality custody services that reduce the risk of clerical error and of "lapses of focus" on the part of money managers and their traders.

Custodians must also provide an efficient, seamless data-flow, regardless of where and when the trade took place, and without regard for how many intermediaries are involved. Global custodians no longer provide simple recordkeeping, accounting or safekeeping. We provide "dynamic information" that can be analyzed in a myriad of ways, telling investment managers and plan sponsors "what happened and why," and shaping their next set of investment decisions. In this way, the essential value-added of custody is "migrating" up the chain from the post-trade, to the trade, and even to the pre-trade environments.

Investors have come to expect a technologically daunting - and expensive - menu of financial services in the custodial relationship. In the pre-trade period: financial news and market data, performance analytics, portfolio management and compliance software. During the trade: order routing, global execution for all instruments, foreign exchange, securities lending, cash management and trade management tools. And in the post- trade environment: electronic trade confirmation, performance analytics, portfolio fund accounting, cash sweep with automatic investment, tax and investment compliance and customized or flexible reporting, slicing and dicing financial assets in all possible dimensions."

En verder:
"... betrouwbaarheid, informatie, flexibiliteit, post-transactie-ondersteuning en integrale
kosten; ... Ook toepasbaar in admin. omgeving (bank, belastingdienst ..."

home.wanadoo.nl/r.w.verbrugge/log/logman.htm

HTH



Selected response from:

Evert DELOOF-SYS
Belgium
Local time: 07:11
Grading comment
Bedankt!
4 KudoZ points were awarded for this answer

Advertisement


Summary of answers provided
4post-transactie(-)omgeving
Evert DELOOF-SYS


  

Answers


8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
post-transactie(-)omgeving


Explanation:
post-transactie(-)verwerkingen
post-transactie(-)marktinfrastructuur enz.

Bedoeld wordt het ogenblik waarop een transactie effectief heeft plaatsgevonden, maar waarbij o.m de bevestiging, bepaalde verrekeningen, verdere analyse enz. nog moet volgen ('electronic trade confirmation, performance analytics, portfolio fund accounting, cash sweep with automatic investment, tax and investment compliance and customized or flexible reporting, slicing and dicing financial assets in all possible dimensions'- zie verder).

Kan zeer complex zijn en is dat ook.

Volgend excerpt maakt een en ander duidelijk:
"Our vaults are computers; our secure networks are armored cars; real-time digital feeds are our client statements; and our expertise in software and information management creates real value-added throughout the investment process -- pre-trade, trade and post-trade.

Many custody clients don't fully understand the degree to which custodians commit next-generation technology to guard their assets and systems. After all, it is not only the end product of the investment cycle that custodians are guarding. Increasingly, we are guarding the whole financial pipeline - from end to end.

Custodians themselves are somewhat responsible for this state of affairs. Because in our race to acquire market share in a consolidating global industry, we have sometimes tended to treat the vast array of information services that we provide as "extras," bundled together with traditional "core custody" at minimal cost.

Our clients have grown accustomed to expecting the world's best technology and information services - which is flattering - but this kind of innovation doesn't come cheap. Lipper Analytical Services, cited in a recent Financial Times survey, estimates that the average spending on technology by the top 20 custodians is $80 million per year and rising. At State Street, we invest 20% of our total operating expenses on technology operations and development.

Global custody continues to demand the very highest level of technological expertise. And it is in large measure the financial demands of keeping up that have driven such venerable firms as Morgan Stanley Dean Witter, Barclay's Bank, JP Morgan, NationsBank, BankAmerica and Wells Fargo to exit the custody industry.

It goes without saying that the technology challenges facing global custodians are enormously complicated by the need to re-fit systems to accommodate European Economic and Monetary Union (EMU) and the Year 2000 (Y2K) transitions.

The committed handful of global firms that are left as our "next-generation custodians" will have to offer a daunting menu of services to complete in the new financial marketplace we see over the horizon.

First, they must provide real-time financial information, process trading results and deliver timely confirmations in a host of currencies, worldwide. They must be able to record trades and constantly monitor their status. And of course, custodians must provide sophisticated, accurate post-trade information and performance analytics.

Custodians must also provide compliance monitoring - a "watchdog" function. Many customers are now demanding software that will actually prevent the diversion of funds into unauthorized investments. The would-be global custodian must provide quality custody services that reduce the risk of clerical error and of "lapses of focus" on the part of money managers and their traders.

Custodians must also provide an efficient, seamless data-flow, regardless of where and when the trade took place, and without regard for how many intermediaries are involved. Global custodians no longer provide simple recordkeeping, accounting or safekeeping. We provide "dynamic information" that can be analyzed in a myriad of ways, telling investment managers and plan sponsors "what happened and why," and shaping their next set of investment decisions. In this way, the essential value-added of custody is "migrating" up the chain from the post-trade, to the trade, and even to the pre-trade environments.

Investors have come to expect a technologically daunting - and expensive - menu of financial services in the custodial relationship. In the pre-trade period: financial news and market data, performance analytics, portfolio management and compliance software. During the trade: order routing, global execution for all instruments, foreign exchange, securities lending, cash management and trade management tools. And in the post- trade environment: electronic trade confirmation, performance analytics, portfolio fund accounting, cash sweep with automatic investment, tax and investment compliance and customized or flexible reporting, slicing and dicing financial assets in all possible dimensions."

En verder:
"... betrouwbaarheid, informatie, flexibiliteit, post-transactie-ondersteuning en integrale
kosten; ... Ook toepasbaar in admin. omgeving (bank, belastingdienst ..."

home.wanadoo.nl/r.w.verbrugge/log/logman.htm

HTH





Evert DELOOF-SYS
Belgium
Local time: 07:11
Works in field
Native speaker of: Native in DutchDutch, Native in FlemishFlemish
PRO pts in category: 82
Grading comment
Bedankt!
Login to enter a peer comment (or grade)




Return to KudoZ list


KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.



See also:



Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search