ACI Operations Certificate

E-learning

his 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.

In October 2025 the next open training 'ACI Operations Certificate' will be organised. If you would like to join this course please send an e-mail to info@tfma.nl for more information

 

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

€ 2.900,00 (No VAT charged). On-line training material included (exam fee not included).

Price in-house training

€ 13.000,00 (No VAT charged) / maximum of 12 attendants (online: 8 attendants) / exam fee not included

Trainer

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.