ACI Dealing Certificate

The ACI Dealing Certificate is an excellent introduction course for people working at front-offices of treasury departments of banks and other financial institutions. In the Netherlands passing for the ACI Dealing Certificate exam is one of the requirements to be eligible for registration in the official Treasury Advisor Register. At present, however, there is a gradual shift in the need for expertise from front-office staff to employees who are not directly involved in transacting deals. Because of the fact that an increasing number of transactions are concluded via trading platforms, for instance, it becomes increasingly important that also IT specialists have a thorough understanding of traded instruments and market conventions. Another example are staff-members who are responsible for implementing new regulations in regard to the financial markets. The course has proven to be of great relevance for these target groups too.

This intense training course thoroughly prepares the candidates for the exam. The course has five or six traning days, dependant on the entrance level of the students.
Each training session consists of a short introduction about a core exam subject after which the candidates will be given the opportunity to test the acquired knowledge by answering exam questions that are comparable to those incorporated in the official exam. The trainers will thoroughly elaborate on every question by addressing every alternative, right or wrong.

The course comes with an e-learning tool with, amongst others, over 500 practice questions and an exam simulator. The students are asked to use this tool to prepare for each course day. They can also use the e-learning tool to prepare for the exam. The course also comes with the textbook A Guide to Treasury in Banking that covers the whole curriculum of the course.

Programme

Day 1: Financial Markets and Interest Rate Calculations

  • Introduction to Financial Markets
  • The key Players in the Financial Markets
  • Pricing and Efficient Markets
  • Market Places
  • Processing of Transactions
  • Regulation
  • Interest Calculations
  • Accumulation Factors and Discount Factors
  • Yield curves
  • Forward Yields

Day 2: Rates

  • Money Market
  • Money Market Paper
  • Bonds
  • Repurchase Agreements
  • Securities Finance
  • Islamic Banking
  • FX terminology
  • FX Quotations
  • Cross Rates

Day 3: Foreign Exchange

  • FX Forward Rates
  • FX Forwards and Ex Ante Trading
  • FX Swaps
  • O/N and T/N swaps, Forward Forward Wwaps
  • NDFs and Time Options
  • Performance Measurement with FX Trading Positions
  • Covered Interest Arbitrage
  • Precious Metals

Day 4: Interest Rate Derivatives and Options

  • FRAs
  • Money Market Futures
  • Interest Rate Swaps
  • Features of Options
  • The Greeks
  • Delta position and delta hedging
  • Strangles and Straddles
  • Interest Rate Options

Day 5: ALM and Risk

  • Basels Accords
  • Liquidity Risk
  • Market Risk
  • Sensitivity Indicators, Var Analysis and Stress Tests
  • Trading Limits
  • Credit Risk
  • Asset & Liability Management
  • Gap Analysis and Modified Duration Analysis
  • Funds Transfer Pricing
  • Operational Risk

General Information

Level

Bachelor

Entrance level

For this course it is an advantage if the participants already have some working experience with derivatives.

Learning goals and Exam information

Exam

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

Course Schedule

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

Study time

80 to 120 hours of which 40 or 48 contact hours

Course Material

  • Reader with sheets and questions
  • E-leaning tool with exam simulator

Price open training

€ 3.500,00 for 5 days (No VAT charged) / exam fee not included

Price in-house training

€ 16.250,00 (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