ACI Dealing Program Course
Accounting, Finance and Budgeting Training
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ACI Dealing Program Course
Course Overview:
This training program is designed to educate one on the ACI dealing certificate as well as financial markets and instruments with particular attention on interest rate calculations, money markets, foreign exchange, forwards, swaps, options and other derivatives.
The participants will also apply asset and liability management strategies, risk management concepts, as well as the latest model of the code of conduct for OTC markets. Containing essential discussions on yield curve, commercial papers, repo agreements, etc, the course further addresses risk management approaches such as VaR.
The course is designed for dealers, risk managers, compliance officers and other banking and financial sector professionals who need to understand financial products and market concepts.
Course Objectives:
At the end of this ACI Dealing Certificate Training course you will be able to:
- 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 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
See more: Active Portfolio Management and Asset Allocation Course
