This course covers the syllabus for the ACI Dealing Certificate (New Version) updated as of 3rd June, 2022.

During this programme participants will:

• Cover basic interest rate calculations

  • See how to calculate rates at different parts of the yield curve and look at various indices

• Explore cash money markets

  • The workings of short-term funding and investment instruments: T-Bills, CDs, Repo, Islamic Money Markets and Bankers Acceptances

• See how the foreign exchange (FX) markets function and run through the uses and maths behind different hedging tools

  • Spot, forward, NDFs, FX swaps

• Look at the working of the precious metals markets

• Examine tools to manage interest rate risk, including swaps, futures, options and forward-forwards. See how OIS have replaced Libor in many markets.

• Analyse the uses and mechanics of option structures to manage market risk

  • Pricing, structures, payoff diagrams

• Run through the principles of asset and liability management (ALM), defining responsibilities, metrics and Basel III requirements.

• Understands principles of risk, covering Credit, Operational, Legal and Liquidity aspects

  • Discuss the LBMA Precious Metals code, UK Money Markets Code, Market Abuse Regulation, MiFID II and MiFIR