ACI Dealing Program

Introduction:

The ACI Dealing Certificate is a foundation program that allows candidates to acquire a working knowledge of the structure and operation of the major foreign exchange and money markets, the application of the fundamental mathematics used in these markets, core products (cash, forwards, and derivatives) and basic skills required for competent participation. “

The ACI Dealing Certificate is the ‘benchmark’ examination for treasury personnel and for those whose work requires an understanding of the workings of the treasury department of their organization. It is the first step toward qualifying for “ACI Diploma”

Course Objectives:

At the end of this  ACI Dealing Certificate Training course you will be able to:

• Understand Basic interest rate calculations
• Learn cash 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 their 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