ACI Dealing Certificate Exam Preparation Course

(This training is available for English and Dutch groups)

The ACI Dealing Certificate is an excellent introduction course for people working at front-offices of treasury departments of banks and other financial institutions. In the Netherlands passing for the ACI Dealing Certificate exam is one of the requirements to be eligible for registration in the official Treasury Advisor Register. At present, however, there is a gradual shift in the need for expertise from front-office staff to employees who are not directly involved in transacting deals. Because of the fact that an increasing number of transactions are concluded via trading platforms, for instance, it becomes increasingly important that also IT specialists have a thorough understanding of traded instruments and market conventions. Another example are staff-members who are responsible for implementing new regulations in regard to the financial markets. The course has proven to be of great relevance for these target groups too.

This intense five days training course thoroughly prepares the candidates for the exam. Each training session consists of a short introduction about a core exam subject after which the candidates will be given the opportunity to test the acquired knowledge by answering exam questions that are comparable to those incorporated in the official exam. The trainers will thoroughly elaborate on every question by addressing every alternative, right or wrong.

The course comes with a e-learning tool with, amongst others, over 500 pr0-active questions and an exam simulator. The students are asked to use this tool to prepare for each course day. They can also use the e-learning tool to prepare for the exam. The course also comes with the textbook A Guide to Treasury in Banking that covers the whole curriculum of the course.

 

PROGRAM

Day 1: Basic Interest Rate Calculations and Money Markets

• Introduction to Financial Instruments
• Interest Rate Calculations
• Accumulation Factors and Discount Factors
• Yield Curves
• Calculation of Forward Yields
• Money Market
• Money Market Paper
• Repurchase Agreements

 Day 2: Foreign Exchange

• FX Quotations
• Cross rates
• and FX Forward Rates
• FX Forwards and Ex Ante Trading
• FX Swaps
• O/N and T/N swaps, Forward forward swaps
• NDFs and time options
• Performance Measurement with FX Trading Positions
• Covered interest arbitrage
• Precious Metals

Day 3: Interest Rate Derivatives and Options

• FRAs
• Money Market Futures
• Interest Rate Swaps
• Features of Options
• The Greeks
• Delta position and delta hedging
• Strangles and Straddles
• Interest Rate Options

Day 4: ALM

• Overview of the Basel Rules
• Asset & Liability Management
• Capital requirements
• Liquidity Risk
• NSFR and LCR
• Securitisation and Credit default Swaps
• Interest Rate Risk
• Gap analysis and modified duration analysis
• Funds Transfer Pricing

Day 5: Risk Management

• Market Risk
• Sensitivity indicators, Var analysis and Stress tests
• Credit Risk
• Risk mitigating measures: CLS, netting, collateral
• CVA
• Standardized Approach and Internal Ratings Based Approach
• Operational Risk

Inquiries