Explore Financial Academy
About the Academy
Discover our Rich, 60-Year Journey
Jadarat
A Comprehensive System for Skill and Knowledge Development
Governance
Meet our Inspiring Leadership
Success Stories
Check out our Clients’ Reviews and Testimonials
...
(4.0/ 5) 5 Reviews
In light of the increasing interest in specialized international professional certificates; As it has become a requirement to progress in the career path, the examination of the new version of the ACI diploma has been designed, which depends on the new version of the ACI Interaction Certificate and the new version of the ACI Operations Certificate. This diploma has been designed to ensure that candidates acquire a superior theoretical and practical knowledge of the foreign exchange and money markets, their related instruments, environment and applications, and the linkages that exist between those markets and the practice of risk management.
(4.0/ 5)
5 Learner Rating
In light of the increasing interest in specialized international professional certificates; As it has become a requirement to progress in the career path, the examination of the new version of the ACI diploma has been designed, which depends on the new version of the ACI Interaction Certificate and the new version of the ACI Operations Certificate. This diploma has been designed to ensure that candidates acquire a superior theoretical and practical knowledge of the foreign exchange and money markets, their related instruments, environment and applications, and the linkages that exist between those markets and the practice of risk management.
Banking
Capital Market
+3
Trading and Investment
Not Exist
Lecture
Case Studies +3
Lecture
Case Studies
Brainstroming
Practical Implementation
Exercises and assignments
Pre Assessment
Post Assessment +1
Pre Assessment
Post Assessment
Simulation Test for professional exam
Treasury
Portfolio Management
Risk Management
Fund / Portfolio Managem...
+1Treasury
Portfolio Management
Risk Management
Fund / Portfolio Management
Dealing Broking
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training-Online Training
The roles of the IMF, the BIS and the OECD
Distinguish between fixed and floating rate regimes, recognize the graduated nature of floating regimes, and explain the basic economic rationale for each type of regime
Why and how central banks intervene in the foreign exchange market and in their domestic money market, and understand their targets of monetary policy
Main factors affecting money market liquidity
The main tools of central bank money market intervention
The purpose of reserve requirements
The purpose of exchange controls
Fundamental analysis
The main items in the balance of payments
The main items in the national income accounts
The links between the balance of payments and national income accounts
Identify the economic and financial indicators that are proxies for the main items in the national income accounts and explain the connection
In Class Training-Online Training
The conventions for fixing the spot rate in both matched and mismatched
Principal FX swaps, cost, benefit and different choices to the counterparties
Analyze the impact of a change in the spot rate on an FX swap
How interest is managed in matched-principal FX swaps
Calculate the cost of borrowing or lending through FX swaps
Extend or reduce the term of an outright forward FX using FX swaps
Forward-forward FX swaps, the strategies underlying their use and calculate profits or losses
Calculate a FX cross-rate swap
Calculate a FX swap over today and over tom
Calculate the spot-risk hedge necessary for a forward FX position
Outline the construction of FRAs and calculate synthetic FRAs using forward-forward FX swaps
Define an NDF and explain its rationale
The structure and the features of NDFs as well as their pricing and valuation
Calculate the profit or loss on a spot FX position
Calculate the profit or loss on an FX swap position
Calculate the profit or loss on an outright forward FX position
In Class Training-Online Training
The principal comparative advantages and disadvantages of each of the main types of cash money market instruments
Distinguish capital markets from money markets, and debt capital markets from equity and credit (loan) capital markets
Calculate the holding period yield between the purchase and the sale of a CD or a T-Bill
The principal reasons for the spreads between the yields on the different types of instruments
Distinguish and understand the credit ratings used by the main agencies for short term instruments from longer-term ratings
Distinguish domestic, foreign and Eurobond markets
Different bond types
The impact of credit risk (and credit spreads) on bond prices and swap rates
Bond quotations in both price and yield terms
Bond quotes against benchmark yields, swaps and on an asset-swap basis
Fixed-income instruments
The interest rate risk
main reasons why initial margin is taken in repo
Calculate the start proceeds of a repo
The ‘early termination and repricing’ method used in sell/buy backs
counterparty risk is the primary concern in repo and understand the risks introduced by the usage of collateral
The working of tri-party repo
How rights of substitution work in repo
The main reasons why collateral goes on special and calculate the implied securities lending fee from the repo rate on specials
Calculate the forward price of a sell/buy-back
How to construct a synthetic repo and recognize the difference in price levels between real and synthetic repos?
Convert from the discount rate to the true yield
In Class Training-Online Training
Black-Scholes theory
The alternative pricing models available
Calculate the standard deviation of returns on a given underlying for a specific period
Calculate the break-even price of an option
Define a time option and price one from outright forward rates
Identify the value of the underlying from the prices quoted for puts and calls at different strike prices
Explain delta and gamma hedging, and calculate delta hedges for plain vanilla options
Estimate the net delta and Vega of a simple options portfolio
How changes in the spot or forward price of the underlying
the exact cost of borrowing or return on lending
Define and calculate the bid and offer price of IMM FRAs
Calculate the hedging ratio
How to use futures spread trades to hedge the basis risk on futures hedges of non-IMM periods
Define and explain the usefulness of the volume and open interest statistics on a futures contract
Define and explain bond Futures
Identify arbitrage opportunities between FRAs, money market futures and money market swaps
How FRAs, futures and swaps can be used to hedge and arbitrage against each other
Describe the applications of OIS in risk-taking, hedging and arbitrage
How OIS can be used to reduce market risk
The characteristics of an interest rate swap (IRS) and of a cross currency interest rate swap (CIRS)
Carry out calculations on proceeds, valuation, pricing and hedging of interest rate swaps (IRS) and cross currency interest rate swap (CIRS)
The features of forward swaps, a mortising swaps and in arrears swaps
The features of a credit default swap (CDS)
In Class Training-Online Training
The exclusive roles of the front office, middle office (risk management function) and back office
The role of the ALCO
The role of the credit committee
The role of audits
Define risk capital, and its role in covering unexpected losses
The purpose of the Basel Committee and outline the architecture of the Basel II Accord
Distinguish between parametric (statistical) and non-parametric measures of risk
Define Value-at-Risk (VaR)
Explain the key assumptions in a VaR methodology
The key assumptions underlying VaR
The roles of stress testing and back testing
The working of a central clearing counterparty (CCP)
Understand how the foreign exchange and money markets operate within the constraints set by the international and domestic policies of governments, and how they are generally implemented by central banks.
Understand the historical evolution and central functions of the foreign exchange market and its related financial instruments and to acquire a broad range of practical skills.
Taught to exploit foreign exchange related instruments and understand their interrelationships. They will learn the relevant pricing mechanisms and display a good working knowledge and understanding of the rationale for NDFs.
Understand and be able to describe the central features and functions of the money and interest rate markets and their relationship with other financial markets.
Understand how a fixed-income instrument works, how it is quoted, how to calculate its fair value and how to measure the interest rate risk.
Demonstrate a good working knowledge of repos and their market, be able to describe the relationship of repos to the bond market, explain the related cash flows and understand the roles played by various market participants
Understand the principles underlying basic option pricing theories, be able to explain the applications of options and describe option trading strategies.
Understand the risk governance arrangements and the risk management organizational structure of banks as well as their main functions, to measure risk effectively
