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ACI Dealing
Certificate Training
Date: August 18 - 21, 2008
Venue: Dusit Thani Dubai, Sheikh
Zayed Road - Dubai
Training Director: Gail Rolland
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Course
Objectives |
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The
ACI Dealing Certificate Training 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, including the ability to apply the
fundamental mathematics used in these markets, and their
core products (cash, forwards and derivatives).
The ACI Dealing Certificate is the 'benchmark' examination
for treasury personnel and for those whose work requires an
understanding of the workings of the treasury department of
their organization. It is the first step towards qualifying
for "ACI Diploma" |
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Course
Outline |
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Basic
Interest Rate Calculations
To understand the principles of the time value of money.
To be able to calculate short-term interest rates and
yields, including forward-forward rates, and to use these
interest rates and yields to calculate payments and evaluate
alternative short-term funding and investment opportunities.
Cash
Money Markets
To understand the function of the money market, the
differences and similarities between the major types of cash
money market instrument and how they satisfy the
requirements of different types of borrower and lender. To
know how each type of instrument is quoted, the quotation,
value date, maturity and payment conventions that apply and
how to perform standard calculations using quoted prices.
Foreign
Exchange
To understand and be able to apply spot exchange rate
quotations. To understand basic spot FX dealing terminology
and the role of specialist types of intermediary. To
recognize the principal risks in spot and forward FX
transactions. To calculate and apply forward FX rates, and
understand how forward rates are quoted. To understand the
relationship between forward rates and interest rates. To be
able to recognize and use quotes for precious metals, and
demonstrate a basic understanding of the structure and
operation of the international market in precious metals.
Forward-forwards, FRAs and Money Market Futures & Swaps
To understand the mechanics of and how to use money
market interest rate derivatives to hedge interest rate
risk.
Options
To understand the fundamentals of options. To recognize
the principal classes and types, and understand the
terminology, how they are quoted in the market, how their
value changes with the price of the underlying asset and the
other principal factors determining the premium, how the
risk on an option is measured and how they are delta hedged.
To recognize basic option strategies and understand their
purpose.
Principles of Risk
To identify and distinguish between the principal types
of risk in the markets, and to explain the main policies and
procedures used to mitigate these risks. To understand the
principles of position keeping and valuation, using spot FX
as an example.
The
Model Code
For candidates to have a thorough knowledge of the
provisions of the Model Code and market practices, with
particular emphasis on high standards of integrity, conduct
and professionalism as well as the monitor and control
mechanisms to be introduced to protect individuals and their
institutions from undue risks and resultant losses.
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Training
Expert - Gail Rolland |
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Gail Rolland has been working as a financial
markets trainer and consultant for the past fifteen years.
This follows a period of some ten years working in the
markets themselves for several international banks in both
London and New York. During this time her hands-on
experience covered many areas including FX and money
markets, fixed income and derivatives, as well as providing
an in-depth knowledge of the infrastructure of the banking
and finance industry. Before entering consultancy Gail
studied for a MSc in Personnel Management and Business
Administration in order to gain a solid theoretical base to
add to her practical knowledge to ensure the best possible
foundation for offering consultancy and training solutions
within the industry. As a consultant she has devised and
presented training courses and presentations on many aspects
of the financial markets to groups ranging in size from
large conferences of 100 plus delegates to extremely
tailored one-on-one training to meet a particular need of a
market participant. Topics she would regularly present
cover the whole spectrum of financial markets through from
providing an introduction to financial markets to more
advanced sessions on, say, portfolio management strategy or
credit derivatives and risk management, along with training
for market examinations such as the ACI Dealing Certificate,
Diploma and Operations Certificate in the fixed income area
she works with ICMA on both the newly launched Financial
Markets Foundation Course and the IFID Certificate, for
which she is the Distance Learning e-tutor. She regularly
delivers training in London, Europe, the United States and
Asia which means she is able to provide a very international
perspective on what is happening in the global markets
today. Her training assignments normally comprise tailored
courses but she has also run public courses under the
sponsorship of companies such as Risk Waters Group and Wall
Street Technology and she is also a visiting lecturer on
post-graduate finance courses at Reading University.
On the
consultancy side she has provided management consultancy, particularly
focussing on human resource management and business development, to many
different organisations. Projects have included training needs
analysis, skills audit, employee deployment strategy, as well as
developing training programmes with a particular emphasis on blended
solution learning. She has also worked with providers of financial
training software such as Intuititon and Zoologic, providing both
editorial and content development expertise, and has further been
involved in the development of bespoke e-based training material for
specific clients.
Other
consultancy assignments include strategic market sector analysis, and
advising on the viability of location choices for establishment of both
front and back office functions.
Topics on
which Rolland Consultancy regular offers training will typically include
the following:
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Overview / Introductory courses such as introduction
to banking, capital markets, risk management, technical analysis
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Financial market infrastructure including courses
designed to illustrate how financial institutions work, how
departments relate with one another, and to give participants a
chance to consider the workflow of various market roles
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Capital markets, including market practice,
valuation, portfolio management etc.
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Derivatives and risk management
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Credit risk and derivatives
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FX & Money, including coverage of the ACI Dealing
Certificate, Diploma and Operations Certificate
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Operations and compliance
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Selling and presentation skills
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Specifically tailored graduate programmes
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