Onboarding: Difference between revisions
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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, [[milestone]]s, such as: | {{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 | *{{cobsprov|Client categorisation}}: A team will have to decide you are [[professional client]]s and send out the relevant [[terms of business]] and disclosures; | ||
*[[Credit]] - those who are trading | *[[Credit]] - those who are trading [[swap]]s, [[stock loan]]s, [[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 — those poor folk tasked with making the fantastical aspirations of the [[credit officer]] legal flesh and blood]] | *[[Negotiation]] team — those poor folk tasked with making the fantastical aspirations of the [[credit officer]] legal flesh and blood]] | ||
Revision as of 15:48, 4 July 2019
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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 — those poor folk tasked with making the fantastical aspirations of the credit officer legal flesh and blood]]
See also
Dramatis personae: CEO | CFO | Client | Employees: Divers · Excuse pre-loaders · Survivors · Contractors · The Muppet Show | Middle management: COO · Consultant · MBA | Controllers: Financial reporting | Risk | Credit | Operations | IT | Legal: GC · Inhouse counsel · Docs unit · Litigator · Tax lawyer · US attorney Lawyer | Front office: Trading | Structuring | Sales |