ACI Dealing Certificate Exam Training

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Programme- Integrated Treasury & ACI Dealing Certificate

•Segments, main functions & structure for each of the Financial Markets
•Distinguish between cash, Spot & Derivatives
•OTC vs. Exchanges
•Understanding functions of Front, Mid and Back Office operations
•Understanding FX Global Code, Global Precious Metals Code & UK Money Markets

Base Currency, Quoted Currency & ISO Codes
•Understanding Dealing Terminology- FX Spot, Forwards, Swaps & Forward-Forward Swaps
•Cross rates and Reciprocal Rates
•Calculation of Forward Points based on Interest rates, Broken dates Forwards and Linear interpolation
•FX Forward hedging, FCY Assets & Liabilities
•Early. Late Settlement & Roll Over of Forward Contracts
•Non-Deliverable Forwards-Structures & Features
•Bid-Offer Spot & Forward Prices for Precious Metals

•Money Markets & Interest rates Capital Markets
•Money Markets Instruments, Secured & Unsecured, Interest Yield & Discount, Borrowers & Issuers
•Concept of Simple Interest, Compound Interest, present value, Future Value
•Concept of Day Count Basis, FBD, MFBD & PBD conventions
•Yield Curve Shapes –Theories & Hypothesis
•Fixed Income Securities- Domestic, Foreign, Euro Bonds
•Coupon, Zero Coupon Bonds, Covered, Sukuk, Junk, Callable, Convertible & Floating Rate Bonds
•Repos- Custody, valuation of securities, Initial margin. Collateral Value

Derivatives- Definitions, Risks, Advantages & usage
•Forward Rate Agreement- Features, Pricing, Valuation.
•Interest Rate Swap- Features, Pricing, Cashflows, Valuation, OIS
•Interest Rate Futures- Features, Pricing convention, Exchange parameters for Euro Dollar, Short Sterling, Euro Yen
and Euro Swiss futures, Initial Margin, Variable Margin, FRA-Future arbitrage, FRA-Future hedging, Futures
•Options- Option terminology, OTC vs. Exchange traded, Cap, Floor & Collar

•Risk relevance characteristics of Basel Accords
•Risk factors for Market, Credit, Liquidity, Operational, Legal, Regulatory & Reputational Risks
•Market Risks- Currency, Interest Rates, Equity, Commodities & Position, Settlement & Counterparty
•Value-at-Risk (VaR), Duration, Basis point Value & Greeks
•Dealing Room Structure
•Credit Risk, Liquidity Risk- Measuring & Managing, ALM, Fund Transfer pricing

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