MiFID II Best Execution Podcast PART 3: What Makes MiFID II So Challenging?

MiFID II Best Execution Podcast PART 3: What Makes MiFID II So Challenging?

In the previous two episodes of this podcast series we talked about MiFID II's top 5 on and off venue reporting requirements and the need to demonstrate best execution across all asset classes for the reporting year. In Part 3 of this podcast, find out why MiFID II is so much more complex than MiFID 1, and what firms can do to comply on the fixed income front.

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MiFID II Best Execution Podcast PART 2: Demonstrating Best Execution

MiFID II Best Execution Podcast PART 2: Demonstrating Best Execution

Welcome to IMP's MiFID II Podcast. Joining us in our discussion is Jon Gold, Managing Director at IMP, and Alex James, a Project Manager at IMP.

In PART 1 of this podcast series, we discussed the top 5 on and off venue reporting requirements of MiFID II. In this next episode we will delve into achieving the second requirement, that being the need to demonstrate best execution across all asset classes for the reporting year.

Listen to PART 2 of our MiFID II podcast now!

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MiFID II Best Execution Podcast PART 1: Top 5 On and Off Venue Reporting Requirements

MiFID II Best Execution Podcast PART 1: Top 5 On and Off Venue Reporting Requirements

Welcome to IMP's MiFID II Podcast. In the first episode of this series we will be discussing the top 5 on and off venue reporting requirements. Joining us in our discussion is Jon Gold, Managing Director at IMP, and Alex James, a Project Manager at IMP.

Listen to Episode 1 of our MiFID II podcast now!

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Best of IMP’s Blog for 2016

Best of IMP’s Blog for 2016

If you made it to midnight on New Year’s Eve, you may have kicked off 2017 by asking (or singing) the traditional first question of the year, “Should auld acquaintance be forgot, and never brought to mind?”

That answer may be a resounding “yes” for most of 2016’s news, events, politics and even celebrity deaths (from David Bowie to Carrie Fisher) – but for IMP’s blog, we think that there are ten top posts worth remembering in the coming year.

In the countdown to the most popular, the top 10 posts of 2016 are as follows:

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The Best of IMP’s Blog in 2015

If you’ve been following IMP’s blog over the last year, you’ve seen our team of experts leverage their hands-on industry experience to share information and insight on relevant topics ranging from compliance to implementation to “managing” managed service providers. 

We’ve taken a look at the ten most popular blog posts of 2015 and provided our subscribers with the list below in case you missed one or you would like to read it one more time. If you’re new to IMP’s blog and wish to subscribe for 2016 please click to subscribe.

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IMP Briefing: Factoring Securities Part II

IMP Briefing: Factoring Securities Part II

In the first IMP Briefing on the topic of securities with factors, we discussed the factor as a principal balance remaining in percentage terms. In Part Two, we’ll look at how specific securities types employ factors.

Two faced: A factored security which pays down its principal balance has both an original and a current face amount. Original face is the nominal trading amount, and absent further purchases or sales of that security, it remains fixed. Current face is the actual (principal) investment amount (i.e. what you own), equal to original face x factor. Therefore, it varies with each pay-down cycle.

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IMP Briefing: Factoring Securities

Anyone who has ever paid down a home mortgage, auto loan or other consumer debt is familiar with the concepts of the fixed payment going toward both interest and principal reduction. Early on, it’s nearly all interest service while the principal edges down slowly. Later, as the principal balance declines, the interest nut becomes smaller, so that same payment reduces the principal balance a bit more each go round.  

The principal difference:  There is an entire class of debt securities where this same principle (if you’ll pardon the pun) applies. A factored security is distinctly different from...

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