Why the Workshop?

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

Candidates should also be able to apply The Model Code to their situation.

 

Who should attend?

The programme is designed for the following groups:

  • Recent entrants and junior dealers (0-18 month’s experience) in the dealing room
  • Middle office and operations personnel
  • Compliance and risk officers
  • Internal and external auditors
  • Graduate interns

 

How is the training conducted?

The training can be conducted in the following ways:

  • Public workshops – these are run over 5 days at a suitable training venue.
  • In-house workshops – these are customized to suit the needs of the client and can be conducted over 3,4,or 5 days.
  • Distance learning – material is provided to the students in soft copy and they are provided with e-mail support for a period of approximately 6 months.

 

Who Undertakes the training?

Andre Kurten is the lead facilitator and he has been facilitating ACI Dealing workshops since 2000 and over a 1000 students from more than 20 countries have successfully complete the Dealing Certificate qualification after attending one of his workshops. TTC ensures that their material is current and that students are given all the possible pre and post course support to help them pass the exam.

 

WORKSHOP OUTLINE

Basic Interest Rate Calculations
  • 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
  • Forex jargon
  • Direct and indirect quotes
  • Cross rates
  • Forward foreign exchange
Forward-Forward Rates, FRAs, Money market Futures, and 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