Onboarding: Difference between revisions
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{{g}}The process of getting a client in the door and set up. Depending on what your client wants to do once she has made it aboard, this generally has a number of stages — in the argot, [[milestone]]s, such as: | {{a|people|}}{{g}}The process of getting a client in the door and set up. Depending on what your client wants to do once she has made it aboard, this generally has a number of stages — in the argot, [[milestone]]s, such as: | ||
*[[KYC]]: all customers have to experience the rubber glove of AML procedures | *[[KYC]]: all customers have to experience the rubber glove of AML procedures | ||
*{{cobsprov|Client categorisation}}: A team will have to decide you are [[professional client]]s and send out the relevant [[terms of business]] and disclosures; | *{{cobsprov|Client categorisation}}: A team will have to decide you are [[professional client]]s and send out the relevant [[terms of business]] and disclosures; | ||
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*[[Anti-money laundering]] | *[[Anti-money laundering]] | ||
*[[Negotiator]] | *[[Negotiator]] | ||
Revision as of 16:51, 30 October 2019
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People Anatomy™
A spotter’s guide to the men and women of finance.
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The process of getting a client in the door and set up. Depending on what your client wants to do once she has made it aboard, this generally has a number of stages — in the argot, milestones, such as:
- KYC: all customers have to experience the rubber glove of AML procedures
- Client categorisation: A team will have to decide you are professional clients and send out the relevant terms of business and disclosures;
- Credit - those who are trading swaps, stock loans, PB — these days pretty much anything anything other than spot and cash products — will need to be reviewed by credit, who will demand the imposition of absurd and intrusive credit terms which must be crowbarred into the master trading agreement by those sainted fellows in the ...
- Negotiation team: also known as the Sysypheans, they are doomed to labour until eternity making the fantastical aspirations of the credit officer legal flesh and blood