ACI Dealing Program
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ACI Dealing Program Course
Introduction:
The ACI Dealing Certificate program offers candidates an opportunity to gain a solid foundation in understanding the structure and functioning of major foreign exchange and money markets. It equips participants with essential knowledge in the application of fundamental mathematics relevant to these markets, as well as core products such as cash, forwards, and derivatives. Moreover, the program develops the basic skills necessary for competent participation in these markets.
Regarded as the industry benchmark, the ACI Dealing Certificate examination holds significant value for treasury personnel and individuals whose roles require a comprehensive understanding of their organization's treasury department. It serves as a vital stepping stone towards qualifying for the prestigious "ACI Diploma." By successfully completing the ACI Dealing Certificate, professionals demonstrate their proficiency in the intricacies of treasury operations and gain recognition for their expertise.
This program not only imparts theoretical knowledge but also emphasizes practical skills and industry-specific insights. Participants will gain a deep understanding of the mechanics and dynamics of foreign exchange and money markets, enabling them to navigate these markets with confidence. They will also develop a solid foundation in mathematical concepts applicable to financial markets.
By earning the ACI Dealing Certificate, individuals enhance their professional credentials and open doors to career advancement opportunities within the treasury function. It signifies a commitment to excellence in treasury operations and a thorough understanding of market intricacies. As a result, professionals can contribute effectively to the success of their organizations and thrive in the competitive financial industry.
Course Objectives:
At the end of this ACI Dealing Certificate Training course you will be able to:
- Understand Basic interest rate calculations
- Learn cash Money Markets, discounts, fractions and agreements
- Analyze and understand Foreign exchange
- Forward-Forwards, Money market futures and Swaps
- Understand options and options styles
- Get knowledge of the principle of asset & liability management
- Learn principles of risk and new model code of conduct
Who Should Attend?
ACI Dealing Certificate Training course will be extremely valuable to the following people:
- Dealers in all bank dealing rooms
- Middle Office staff
- Risk Managers
- Compliance Officers
- Relationship Managers
- Middle and back office personnel with a need to understand more about products and markets
- Internal audit, regulatory and compliance staff who need to understand more about the workings of the markets their firms deal in
Course Outlines:
BASIC INTEREST RATE CALCULATIONS
- The principles of the time value of money
- Day count and day basis
- Simple interest calculations
- Interest rate conversions
- Bond basis and money market basis
- Yield curves
CASH MONEY MARKETS
- Value dates and end-end conventions
- Fractions, basis points, and dealing on bid offer rates
- Discount instruments
- Yield instruments
- Commercial paper
- Repurchase agreements
FOREIGN EXCHANGE
- Value dates and end-end conventions
- Fractions, basis points, and dealing on bid offer rates
- Discount instruments
- Yield instruments
- Commercial paper
- Repurchase agreements
FORWARD-FORWARDS, FRAS AND MONEY MARKET FUTURES & SWAPS
- Calculating forward interest rates
- Forward Rate Agreements
- Short-term interest rate futures
- Interest rate swaps
OPTIONS
- Call and put options and option styles
- Intrinsic and time value
- Straddles, strangles and synthetic long and short assets
- Option Greeks
PRINCIPLES OF ASSET & LIABILITY MANAGEMENT
- The meaning and the general concepts of ALM
- Risk factors on the asset and the liability side of the balance sheet
- Gap management: interest and duration mismatches
- Asset and liability management techniques
- The interaction between bank capital and leverage and economic and regulatory capital
- describe the formulation of Liquidity Stress Test Scenarios and the use in ALM
PRINCIPLES OF RISK
- Market, credit risk, and Operational risk
- Risk mitigation using limits and VaR methods
- Netting, documentation, and Capital adequacy
- CLS and Straight-Through Processing
THE NEW MODEL CODE OF CONDUCT
- The code of conduct and practice for the OTC Markets