Global Securities Operations

A unit of the Investment Operations Certificate (IOC)

What? Operations
Global Securities Operations is one of 15 technical units available We recommend 80 hours of study time for the unit. You can
as part of the Investment Operations Certificate (IOC) which has chose to self-study for the exam using the CISI learning manual,
more than 12,000 exams taken annually worldwide. The unit offers accompanying elearning and sample paper or have formal training
an introduction to global securities, focusing on the main industry with one of our Accredited Training Partners (ATP); to find an ATP
participants, settlement characteristics, other investor services and near you visit cisi.org/atp
aspects of taxation and risk. The CISI’s learning manual policy requires, where available, the
most up-to-date CISI learning manual to be purchased when
Who? booking an exam, including by an ATP on your behalf. This applies
to all candidates sitting CISI exams in the UK (includes Northern
This unit is aimed at operations and administration staff and those Ireland, Guernsey, Jersey and Isle of Man). Candidates sitting CISI
involved in all aspects of global custody and settlement. exams outside of the UK will receive the most up-to-date learning
manual for that subject in PDF format and this is included in the
international exam price.
Candidates who are not currently CISI members receive one year’s
free CISI student membership and enjoy access to an extensive
range of professional benefits. Visit cisi.org/membership

Assessment
A one-hour, 50 multiple-choice question exam taken by computer
based testing (CBT). A worldwide network of test centres is available.
Visit cisi.org/cbt to find your nearest venue.

Studying for Global Securities Summary Syllabus

Find out more: cisi.org/ioc +44 20 7645 0777 [email protected]

“
Securities • Characteristics of ordinary shares,
preference shares, depositary receipts, is taken by practitioners globally to enhance their knowledge and
warrants and covered warrants and fixed skills of the administration and operations areas of the financial
income instruments services industry.
• How securities are identified and issued It is the first step in the CISI’s operations qualification pathway
• Principles of trading and is achieved by passing any three units from an offering of 17
introductory, regulatory and technical units, providing you with
Main Industry • Investors and custody services suppliers
great flexibility.
Participants • International central securities depositaries
and central securities depositories The IOC is increasingly used as a benchmarking tool by major
• Communications and technology banks and investment firms to ensure that staff possess practical
• Settlement characteristics: pre-settlement, knowledge which can be immediately applied to business activities.
settlement, failed settlement
Other Investor • Safekeeping
Services • Corporate actions
• Cash management
• Securities lending
Aspects of • Tax treatment of dividends, bond interest
Taxation and discount securities Completion of the IOC enables our
• Capital gains tax as it applied to equities employees to achieve valuable
and bonds
• Transaction based taxes external recognition and accreditation.
Risk • Identifying and managing risk Through this course of study they
• Mitigating risk through reconciliation develop their industry, product and
regulatory knowledge, equipping them
to better serve our clients. Completion
supports career progression and
employee retention, providing a broad
understanding of the business as a
whole and not just how to perform a
function.
Steve Hayes-Allen,
Manchester Site Executive and Regional Head,
Northern UK, BNY Mellon

How to register
Step 1: Register online at cisi.org/register
Step 2: Book your exams:
online – cisi.org/ioc
by phone – +44 20 7645 0777
via email – [email protected]
Step 3: Update your results preferences
at cisi.org/resultsdashboard

(Visit cisi.org/prices for current prices)

What is the IOC?