Why the workshop?

A well-trained and efficiently organised Treasury Operations Department is essential to complete every transaction. The Operations Department provides a vital service to the Front Office by ensuring that all funds flow in a timely and correct manner and that all the necessary documentation is completed.

Taking into consideration the wider job function of the Operations Staff, this examination has been designed to provide a benchmark for competency in all aspects of the operations and settlement processes. It aims to test candidates’ knowledge of the underlying instruments involved in the international financial markets, the processes for efficient settlements and related basic financial calculations. Candidates should also be able to demonstrate appreciation of the scope, importance and the role of the Operations Department, particularly in ensuring an autonomous service to the Front Office.

Who should attend?
  • Recent entrants to the Operations Department (Back-Office)
  • Other trading room support areas
  • Internal and external auditors
  • Compliance and risk officers
  • Product Control
  • Graduate interns

    • How is the training offered?

    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 Operations workshops since 2004 and over a 800 students from more than 20 countries have successfully complete the Operations Certificate qualification after attending a workshop. 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

    Overall Financial Market and Front to End Treasury View
    • Role of dealers
    • Role of operations for both back office and middle office
    • Generic transaction workflow and straight-through processing
    • Capital adequacy
    Deal Capture, Trade Entry and Confirmations
    • Input of deals
    • Deal confirmation and matching
    • SWIFT overview and message types
    Foreign Exchange
    • Foreign exchange market jargon and instrument characteristics
    • Spot and forward exchange settlement calculations
    Money market
    • Money market instruments jargon and characteristics
    • Money market settlement calculations

    Settlement, Netting, and Clearing

    • Settlement systems for currency
    • Settlement systems for money market and bonds
    • National and international clearing systems
    • Bilateral and multilateral netting
    • Continuous Linked Settlement – CLS
    Derivatives
    • FRAs, Swaps, futures, and options jargon and instrument characteristics
    • Settlement calculations for FRAs, Swaps, futures and options
    Short-term Bonds and Notes
    • Short-term notes and bonds Jargon and characteristics
    • Repurchase agreements
    • Settlement processes and calculations for bonds using Clearstream and Euroclear
    Reconciliations and Investigations
    • Correspondent banking accounts – Nostro and Vostro accounts
    • Position keeping
    • Ledger account and Nostro Statement account problem resolution
    Treasury Systems and Data Management
    • International best practice for Treasury accounting
    • Static data
    • Key customer relationships
    Risk Management, Controls, Compliance and Documentation
    • Key treasury risks and risk mitigation
    • Third party payments
    • Standardized market documentation for OTC products
    Best Practice Operations
    • Understand efficiency and accuracy as the two most important aspects of the operational process.
    • Apprehend and explain the confirmation process.
    • Define and describe the features of settlement, netting and standard settlement instructions (SSIs).