المنظومة المتكاملة في منتجات غرفة التداول

The ACI Certification is a must in today’s trading rooms

In the ACI – The Financial Markets Association’s own definition, 
“The ACI Dealing Certificate 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, application of the fundamental mathematics used in these markets, core products (cash, forwards and derivatives) and basic skills required for competent participation.“

WHO SHOULD ATTEND

The course is developed to support those who are in route to sitting the examination for the ACI Dealing Certificate.
The course is designed for the following groups:
• risk and compliance officers
• recent entrants and junior dealers (0-24 month’s experience) in the dealing room
Despite the specificity of the content, the course can be very useful for those who are active in or anyhow linked with the Financial or Capital Markets.
Other professionals potentially interested in this qualification:
• Relationship Bankers
• Account Managers
• Accountants
• Corporate treasurers

CONTENTS

Based on the Syllabus we will be addressed the following main topics
• Financial Markets Environment
• Foreign Exchange
• Rates (money and Interest Rate Markets)
• FICC (Fixed Income, Currency and Commodities) 
• Derivatives and financial Markets Applications

Financial Markets Environment

The overall objective of this topic is for candidates to understand the functions performed by financial markets in the economy and to explain it different segments, their scope and instruments. Candidates will be able to understand the basic concepts of efficient markets and the impact of regulation and codes in financial markets. Referring to the life cycle of a typical financial market transaction, candidates will be able to explain its main phases.

Foreign Exchange

The overall objective of this topic is for candidates to understand and to be able to explain basic foreign exchange rate quotations, their terminology, mechanics and the principal risks associated with FX spot and forward instruments. At the end of this section, candidates will be able to define the relationship between forward rates and interest rates, explain the use of FX outright forwards for foreign currency risk management and the use of FX swaps in rolling spot positions, hedging FX outright forwards, and in creating synthetic foreign currency assets and liabilities. Candidates will be required to perform basic calculations for FX market instruments. The candidates will be able to describe NDFs and, explain their rationale. Candidates will be able to understand and identify quotations for precious metals, and also demonstrate a basic understanding of the structure and operation of precious metals’ financial markets.

Rates

The overall objective of this topic is for candidates to understand the principles of the time value of money, the function of the interest rates markets, the characteristics of the main types of money market instruments and interest rate capital markets instruments, as well as how they satisfy the requirements of different types of borrowers and lenders. Candidates will need to be able to calculate short-term interest rates and to perform standard calculations using quoted prices.
Candidates will understand the basic characteristics and applications of a forward curve and of a yield curve and will be required to calculate them. 

FICC Derivatives

The overall objective of this topic is for candidates to understand how derivatives work and their function in financial markets. Candidates will be able to describe the mechanics of currency derivatives, how to use them and the fundamentals of currency options. 

Financial Markets Applications

The overall objective of this topic if for candidates to understand the importance that risk has in defining the financial institutions’ business models and to understand the relevance of effective risk management framework as a key driver for sustainability of the business. Candidates will understand and be able to explain and identify major risk groups: market, credit, liquidity, operational, legal, regulatory, and reputational risk; and to understand the significance of risk groups for different financial markets’ businesses and organizational units. Candidates are expected to outline the methods and procedures needed to measure and manage these risk types.