ACI Operations Certificate - november + december

ACI Operations Certificate

No transaction can take place without the Back-Office. The Back-Office - sometimes also called Operations - renders an important service to the Front-Office of the Financial Markets department: seeing to it that all cash-flows are processed correctly and on time, and all the required documentation is in order.

This four-day training course prepares participants for the ACI Operations Certificate exam. The course gives participants insight into the function of the Financial Markets department within a bank, and the elementary instruments that are used by this department. The course also gets into the role of the various sub-departments within Financial Markets, and describes the operating processes that are connected with trading financial instruments. Each session consists of an explanation of an examination subject, after which the participants have the possibility of testing their accumulated knowledge by means of practice questions. These practice questions are comparable with the official examination.

The ACI Operations Certificate is very suitable for employees of supporting departments, such as Back-Office, Middle-Office, IT, Compliance, internal audit and operational risk. And project employees who have to deal with these departments in the course of their work also profit from this training.

By means of classroom lectures and self-study, the participants prepare themselves for the examination. After passing the examination, participants can continue with the ACI Diploma. The training can be pursued both as an open-enrollment course, and as an in-house course. For more information about in-house courses, you can contact us.

Dates open course:   

• 18, 25 November, 2, 9 December 2015 in Amsterdam >  Register
• 2, 9, 16, 23 February 2016 in Amsterdam > Register

Duration   

• Four full days (32 hours) of classroom training
• 40 hours of self-study (text book)
• Examination (2 hours)

Material included

•     Book: 'Operations Handbook for the Financial Markets Professional'
•     Training material including example (exam) questions
•     E-learning test with 80 questions about the Model Code

Price open course Europe   

• € 1.850,- BTW free
• Price includes costs for training material and arrangement costs

Price open course Singapore   

• SGD 2.900,- ex GST
• Note: in SGP this is a 3-day course!
• Price includes costs for training material and arrangement costs

Price in-house course Europe   

• € 11.000,- BTW free (max 10 participants)
• Price excludes costs for training material

Price in-house course Singapore   

• SGD 15.000,- ex GST (max 10 participants)
• Note: in SGP this is a 3-day course!
• Price includes costs for training material

Prices for training outside the Netherlands are excluding travel and accommodation expenses of trainer when applicable.

Costs   

Training material: ‘Operations Handbook for the Financial Markets Professional’ - € 70,- (incl 6% VAT)

Location - Amsterdam
Trainer - Lex van der Wielen

Exam
Participants are able to enrol for the exam via the Prometric website. The exam will take place at an external location. Exam costs are not included in the training price.

Program
The ACI Operations certificate training is a four-day course including the following topics:

Day 1: Front to end Treasury View, Confirmations

• Financial Markets department and its responsibilities
• Value chain of Financial Markets
• Concluding transactions, authorisation and deal capture
• Confirmations and confirmation matching

Day 2: Clearing and Settlement, Treasury Systems and Risk

• Clearing and settlement of securities
• Clearing and settlement of money transfers
• Settlement risk
• Nostro reconciliation, custodian reconciliation and investigations
• Functionalities of Front Office Systems and Back Office systems
• Static data en SSI (standard settlement instructions)
• Operational risk

 Day 3: Money Market, Short Term Bonds, FX

• Calculation of interest amounts
• Features of Money Market Papers and Repurchase Agreements
• Calculation of Market Prices of Money Market Papers
• Interest Rate Benchmarks
• Features of Fixed Income Securities
• The issuing process of fixed income securities
• Clean price en dirty price
• FX Spot, FX Forward, FX Swap
• Settlement risk of FX transactions / CLS

 Day 4: Derivatives and Best Practices Operations

• Forward Rate Agreements (FRAs)
• Short Term Interest Rate (STIR) futures
• Interest rate swaps
• Cross Currency Swaps
• Non Deliverable Forwards (NDF)
• Event calendars
• Model Code/Best Practices
• Overview
• Trial exam

Results

• ACI Operations Certificate upon successful completion of the exam
• Participants can continue for the ACI Diploma
• General knowledge about the essentials of the Financial Markets department within a bank and its products and processing, required when dealing with Financial Markets departments in the daily work

Testimonials

"The training course provides a good insight into the workings of a bank, both internally and to the role and functioning of the various players."
Maarten Gielen, Business Process Manager ABN Amro

The training course provides a good insight into the workings of a bank, both internally and to the role and functioning of the various players. Thanks to the professional knowledge of the trainer, Lex van der Wielen, the characteristics of the Financial Markets products are explained clearly and understandably. This also applies to the manner in which the clearing and settlement of these products takes place. The training also provides a clear understanding of the risks of the bank during the life of a Financial Markets transaction / position. The training helped me to understand the Financial Markets processes and products better, and therefore improved my work as Business Process Manager.

 "You're not only been taught how processes and products work, but also why they work the way they do. And that is in the end what really matters!"
Steven van Haren, Risk Consultant Double Effect

The ACI Operations training I've followed at Double Effect Training gave me insight in the different processes and products in the financial services sector. The different processes and products are explained vividly by practical examples. In that way you're not only been taught how processes and products work, but also why they work the way they do. And that is in the end what really matters!