Clearing and Settlement: A Practical Guide
A working guide to how trades clear and settle in modern markets — from confirmation through counterparty-risk management to the plumbing that holds the system together. Practical examples and case studies instead of abstracted theory.
Available on Amazon as Kindle, paperback, and hardcover depending on the title.
A trade is not done when it's agreed. It's done when it clears and settles. That's where the risk lives.
The gap between a trade being struck and the cash and assets actually changing hands is where counterparty risk, operational failure, and systemic stress all sit. Most market participants rely on that plumbing without ever seeing how it works.
This practical guide walks the process from confirmation through counterparty-risk management to the infrastructure that holds modern markets together, using worked examples rather than abstracted theory.
Who this is for
Operations & middle office
See the full post-trade lifecycle, from confirmation to final settlement, in one place.
Risk & compliance
Understand where counterparty and settlement risk actually arise, and how they are contained.
Finance students & professionals
Get the market plumbing that most courses skip, explained with practical examples.
What the book covers
- The post-trade lifecycle from confirmation through to settlement.
- Counterparty-risk management and where it sits in the process.
- The clearing and settlement infrastructure behind modern markets.
- Practical examples and case studies instead of abstracted theory.
Frequently asked questions
What's the difference between clearing and settlement?
Clearing is everything that happens after a trade is agreed to prepare it for completion, including confirmation and netting. Settlement is the final exchange of cash and assets. The book covers both and how they connect.
Who is this book for?
Operations and middle-office staff, risk and compliance professionals, and students or professionals who want to understand the market infrastructure most courses gloss over.
Is it theory-heavy?
No. It leans on practical examples and case studies to show how the process works in real markets.
Where do I buy it?
On Amazon, via the button above.
Need the deal-level version, not the template?
If you've got a live transaction, book a call — that's where we actually add value.