ACI Operations Certificate

E-learning

This four days training course prepares the candidates thoroughly for the exam ACI Operations Certificate. The training gives a good overview of the role of the Financial Markets department of a bank and of the basic tools used by this department. The training also discusses the role of the various sub-departments within Financial Markets and describes the business processes associated with trading financial instruments. The training is ideally suited for employees in all support departments such as back-office and mid-office, IT, compliance, internal audit and operational risk. The training includes an e-learning with, among other things, more than 500 practice questions. The participants can use the e-learning to start the training well prepared and to prepare for the exam.

Programme

Day 1: Financial Markets Environment

  • Introduction to Financial Markets
  • Market places: Exchange, MTF, OTF and Over-The-Counter
  • The role of Brokers and Electronic Brokers
  • The role of Central Counter Parties
  • Responsibilities of the Financial Markets Department
  • Value Chain of Financial Markets
  • Confirmations and Confirmation Matching
  • Clearing and Settlement of Payments
  • Settlement of Securities(role of Clearing houses, Central Securities Depositories and Global Custodians)
  • Nostro Reconciliation
  • Broker fees
  • Legal Regulation and Self-Regulation

Day 2: Rates & Introduction to Foreign Exchange (FX)

  • Interest Calculations, Present Value and Discounted Amount
  • Yield Curves and Money Market Benchmarks
  • Fixed Income Securities - Listed versus Over-The-Counter
  • The Issue Process of Fixed Income Securities
  • Types of Long-Term Fixed Income Securities
  • Clean Price and Dirty Price
  • The Yield-Price Relationship
  • Money Market Papers - CP, CD and T-Bills
  • Calculation of the Issue Price and of the Market Value of Money Market Papers
  • Deposit
  • Repurchase Agreements and Securities Financing
  • Islamic Banking
  • FX Terminology
  • FX Spot
  • Cross Rates

Day 3: FX 2 & Interest Rate Derivatives

  • FX Forward
  • FX Swap
  • Rolling Forward and Rolling Back of FX Forwards
  • o/n Swap and t/n Swap
  • Non-Deliverable Forward
  • FX Benchmarks
  • Settlement of FX Transactions
  • CLS Bank
  • Precious Metals
  • Product Characteristics of FRAs
  • Calculations of Settlement Amounts of FRAs
  • Product Characteristics of Money Market Futures
  • Margin Calls
  • Interest Rate Swaps and Basis Swaps

Day 4: Options & Risk Management

  • FX Options
  • Calculations of Break-Even Rates of FX Options
  • Interest Rate Options
  • Calculations of the Result of Trading positions in Caps and Floors
  • Basel Rules
  • Market Risk
  • Credit Risk
  • Payment netting and Contractual Netting
  • Operational Risk
  • Static Data and SSI
  • Master Agreements

General Information

Level

Bachelor

Entrance level

Starters

Learning goals and Exam information

ACI Operations Certificate syllabus

Exam

The examen is provided by the ACI. Re-exams can be taken as many times as needed. Candidates who passed the exam are allowed to use the title OC on their business card.

Course Schedule

4 days from 9 a.m. until 5 p.m.

Study time

80 hours of which 32 contact hours

Course Material

  • Reader with sheets and questions
  • E-learning tool

Price open training

€ 2.800,00 (No VAT charged). On-line training material included (exam fee not included).

Price in-house training

€ 12.500,00 (No VAT charged) / maximum of 12 attendants (online: 8 attendants) / exam fee not included

 

Trainer

Lex van der Wielen / Susan Stanworth

Other

  • One week before the first session, we will send you an e-mail with the latest information including login details and password to the e-learning
  • The invoice comes with this e-mail and must be paid within two weeks.