ACI DEALING CERTIFICATE

Transcription

1 ACI DEALING CERTIFICATE Johannesburg, 7-11 May 2018 There is no sphere of human thought in which it is easier to show superficial cleverness and the appearance of superior wisdom than discussing questions of currency and exchange. Sir Winston Churchill

2 ACI The Financial Markets Association The ACI is the largest trade association in the global financial markets with over 13,000 members in 60 countries. Qualification Successful candidates will receive the internationally accredited ACI Dealing Certificate. This qualification is compulsory in many centres for wholesale foreign exchange and money market practitioners. N.B. Candidates who attend our workshops receive a majority of Distinction and Merit passes, and references are available upon request. Facilitator Peter Scullion Peter has over twenty years experience in the London Financial Markets. He began his career in the Fixed Income Fund Management sector, specifically trading in European Government Bonds before moving to Fixed Income sales at a US Investment Bank. He subsequently worked in the FX market for various international banks covering FX and derivative sales to Central Banks and Hedge Funds. He has also been involved in setting up and running Prime Brokerage and Margin Trading systems as well as trading CFDs and metals. Peter has successfully conducted ACI workshops across the continent, and his candidates receive a majority of Distinction passes. Eligibility Candidates for this qualification do not have to be existing members of the ACI, although membership is encouraged; details are available at Candidates are welcome from both bank and non-bank entities.

3 Pre-course Preparation Mandatory pre-course work is prescribed as follows: 1. Candidates are required to complete a pre-aci module before attending the workshop. This will require an estimated 8-10 hours of private study. 2. Upon completion of this module, candidates are required to complete an online test for assessment and feedback. N.B. Candidates who are unable to complete the pre-course preparation should not attend the workshop. Workshop Outline & Programme In line with the Dealing Certificate syllabus prescribed by the ACI Education Committee, the workshop covers the topics as laid out in Appendix 1. Please see Appendix 2 for the workshop programme. Workshop Methods The candidates receive a series of interactive lectures in the relevant areas, which are followed by practical exercises to ensure that the learning objectives have been achieved. Post-Workshop Exam Preparation Following the workshop and appropriate revision, the candidates will be required to complete a test covering each of the syllabus topics using our Online Testing system. This can be completed at each candidate s convenience, and detailed results and feedback are immediately provided. Following successful completion of the topic tests, the candidates are required to write a Revision Exam and two full Mock Exams online, which have been designed to closely reflect the real ACI exam. Exam and Registration The exam comprises 70 multi-choice questions with a 2-hour time limit, and is taken at an ACI-approved testing centre. Peter Skerritt & Associates will assist candidates in contacting their local testing centre.

4 The exam should ideally be taken within 4 to 8 weeks after the workshop, depending on prior knowledge and work commitments. Fee The cost of the workshop per delegate is R 15,950. VAT at 14% will be levied on invoices to South African residents. Please note that we provide a 10% discount for three or more delegates registering simultaneously from the same organisation. N.B. The workshop fee does not include the ACI exam fee, which is currently EUR 250. Booking Details To reserve a place, please contact the Programme Manager, Lerato Metseeme: lerato@peterskerritt.com Tel:

5 Appendix 1 - Workshop Topics Topic Number of Questions Basic Interest Calculations 6 Cash Money Markets 6 Cash Money Markets Calculations 6 Foreign Exchange 12 Foreign Exchange Calculations 6 Forward-forwards, FRAs, Money Markets Futures & Swaps 12 Options 6 Asset & Liability Management 8 The Principles of Risk 8 Total: 70

6 Appendix 2 - Programme Day 1 08h00 Registration and introduction 08h30 Cash money markets 10h30 Money market calculations 13h30 Repurchase agreements 15h30 Forward forwards Day 2 08h00 FRAs 10h30 Interest rate futures 13h30 Interest rate swaps 15h30 Asset & liability management Day 3 08h00 Asset & liability management 10h30 Spot foreign exchange 13h30 Forward foreign exchange 15h30 Forward foreign exchange

7 Day 4 08h00 Foreign exchange swaps 10h30 Foreign exchange swaps 13h30 Options 15h30 Options Day 5 08h00 Principles of risk 10h30 Principles of risk 13h30 Course test 15h30 Test feedback 16h30 Exam preparation and technique