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The ACI Dealing Certificate

Start Date:
13 Aug 2017
Duration:
10 Days
Cost:
QAR 16500
Description:

ACI – The Financial Markets Association is the largest professional body for dealers and back office personnel in the wholesale financial markets in over 70 countries. ACI’s education programme provides a globally acknowledged, portable, professional qualification that enhances career prospects, improves job performance, and sets benchmarks within the industry.

These qualifications are internationally recognised and are essential for those who wish to make a career in a Treasury Dealing Room. They are also of considerable value to candidates from associated areas including Investment Banking, Treasury Operations and senior level Compliance and Risk management.

Objectives
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 and their core products, and the basic skills required for competent participation, including the ability to apply the fundamental mathematics used in these markets. Candidates will also learn to apply the ACI’s code of conduct “The Model Code” in their institution

Program Contents

  • Topics covered by the 310-008 syllabus (Financial Market Association Reference)
  • Basic Interest Rate Calculations
  • Cash Money Markets
  • Money Market Instruments
  • Foreign Exchange Market
  • Money Market Derivatives
  • Options
  • Principles of Risk
  • Model Code

Module 1: Foreign Exchange Market

  • Spot Trading
  • Market Maker/User
  • Calculation of Profit/Loss
  • Reciprocal quote
  • Average position
  • Cross Rates
  • Forward Outright Rates
  • FX Swaps
  • Forward Cross Currency Outrights
  • Anti-spot Outright rates
  • Broken-days swap rates
  • Money Market
  • Simple interest and Compound interest
  • Yield Curve
  • Interbank Deposits
  • Treasury Bills
  • Certificate of Deposits
  • Bankers Acceptances / Bills of Exchange
  • Commercial Paper

Module 2: Money Market

  • Repo Market

Module 3: Money Market Derivatives

  • Forward Rate Agreement
  • Forward-Forward Interest Rate
  • Interest Market Futures
  • Interest Rate Swaps

Module 4: Options

  • Option Pricing
  • Trading Strategies
  • Option Payoff Profiles

Module 5: The “Greeks” Managing Option Risks
Module 6: Principles of Risk

  • Risk Management
  • Market Risk
  • Settlement Risk
  • Liquidity Risk
  • Operational Risk
  • Legal Risk
  • Risk Capital

Course Structure
Week 1: Foreign Exchange & Money Market

Week 2: Derivatives – Options – Principles of Risk

Material Participants will receive:

  • ACI Dealing Certificate Syllabus Book
  • Daily prints consist of Examples and practice exercises

Note: This course is examinable Examination:

Registration for the exam
Candidates need to register online with the ACI (the Financial Market Association)
Exam can be taken at any certified center in Qatar at any time during the week between 9 am and 3pm (depends on availability).

Pass Criteria
There are two criteria to meet in order to obtain a pass grade in the exam:
Minimum score of 50% for the Model Code and 40% for each of the other topic baskets; and
Minimum overall score of 60% (48 marks) assuming the minimum score criteria of the individual topic baskets are met

The exam consists of a single paper (Duration 2Hours) divided into:

  • Basic Interest Rate Calculations - 5 questions, 5 marks
  • Cash Money Market - 5 questions, 5 marks
  • Cash Money Market Calculations - 5 questions, 5 marks
  • Foreign Exchange - 10 questions, 10 marks
  • Foreign Exchange Calculations - 5 questions, 5 marks
  • Money Market Derivatives, 10 questions, 10 marks
  • Options - 5 questions, 5 marks
  • Principles of Risk - 5 questions, 5 marks
  • The ACI Model Code - 30 questions, 30 marks
Total: 80 Marks
 

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