ACI Dealing Certificate Training
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Course Details
Introduction
Objective
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The ACI Dealing Certificate is a foundation programme that allows candidates to acquire a working knowledge of the structure and operation of the major foreign exchange and money markets, application of the fundamental mathematics used in these markets, core products (cash, forwards and derivatives) and basic skills required for competent participation.“
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 toward qualifying for “ACI Diploma”
This course is a preparation course, and designed to equip you with the necessary skills and knowledge to prepare for the certification, should you choose to pursue it in the future
Course Outline
BASIC INTEREST RATE CALCULATIONS
- The principles of the time value of money
- Day count and day basis
- Simple interest calculations
- Interest rate conversions
- Bond basis and money market basis
- Yield curves
CASH MONEY MARKETS
- Value dates and end-end conventions
- Fractions, basis points, and dealing on bid offer rates
- Discount instruments
- Yield instruments
- Commercial paper
- Repurchase agreements
