Orders, Offerings, and Transactions in Customer Accounts

What this video covers

• The nine required elements on a customer order ticket and why solicited versus unsolicited must be explicitly marked
• The two mandatory time-stamps, receipt and execution, and why prior supervisory approval is not one of them
• How advertised yield works for debt securities and why the dealer must convert yield to dollar price for the customer
• Why yield-to-worst, not yield-to-maturity, governs premium callable bonds and the golden rule of quoting the lower yield
• How delivery versus payment (DVP), cash on delivery (COD), receive versus payment (RVP), and payment on delivery (POD) eliminate settlement risk through simultaneous exchange
• The strict prerequisite timing for written agreements and agent bank details before accepting institutional settlement orders
• Why the trade confirmation for COD or POD orders is due by the end of the trade date, not settlement date