ACI Dealing Certificate Training

The ACI Dealing Certificate Training 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, including the ability to apply the fundamental mathematics used in these markets, and their core products (cash, forwards and derivatives).

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 towards qualifying for "ACI Diploma".

Learning Outcomes:

• 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 principle of asset & liability management
• Learn principles of risk and new model code of conduct

The course is suitable for:

• New entrants and junior dealers
• Middle office and operations personnel
• Treasury Managers
• Auditors and compliance officers

Day 1:

• Session 1: Introduction to the program:
• Session 2: Basic Interest Rate Calculations and yield curves 

Day 2:

• Session 1: Bonds and other fixed income instruments 
• Session 2: Introduction to foreign exchange covering conventions and calculations in the spot market as well as cross rates. 

Day 3:

• Session 1: The use of outright forward FX, FX swaps, time options and NDFs 
• Session 2: Coupon Interest rate swaps and cross currency swaps and their application the characteristics of options, their risk profile and their application.

Day 4:

• Session 1: Options

Day 5:

• Session 1: The various risks such as; 
• credit, market, liquidity, will be identified. 
• The importance of market documentation will be explained.
• The various risk mitigation methods will be discussed. The concepts of duration, basis point value and the use of limits will be explained. 
• The measurement of market risk using Value at Risk will be examined. The function of the Asset and Liability function will be covered.