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 either the internationally accredited ACI Dealing or ACI Operations Certificate. These qualifications are 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.

Supervisor

Peter Scullion

Peter has over twenty years’ experience in the London Financial Markets, where 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 is now a full-time trainer, and has successfully conducted ACI workshops across the entire continent, with his candidates receiving 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  http://acikenya.co.ke/.

Candidates are welcome from both bank and non-bank entities.

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.

Workshop Outline & Programme

This combined workshop will run from 08h00 to 16h00, Monday to Friday for the Dealing and

Operations Certificate candidates.

The Operations Certificate candidates will also be required to attend additional afternoon sessions from Monday to Thursday and these sessions will run from 16h15 to 17h45.

Please refer to the Appendix for the workshop programme.

Pre-Workshop Preparation

Mandatory pre-course work is prescribed as follows:

Candidates are required to complete a pre-ACI module before attending the workshop. This will require an estimated 8-10 hours of private study.

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.

Post-Workshop 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, which mimics the testing system and environment of the real ACI exam.

Following successful completion of the topic tests, the candidates are required to write a Revision Exam and two Mock Exams using our Online Testing System. These practice exams have been designed to closely reflect the real ACI exams.

The tests and mock exams are available 24/7 and can be completed at each candidate’s convenience in the office or at home. Test results are immediately provided, along with detailed feedback and model answers.

Exam and Registration

The ACI Dealing and ACI Operations certificate exams comprise 70 and 75 multiple-choice questions respectively, both with a 2-hour time limit, and are taken at an ACI-approved testing centre.

Peter Skerritt & Associates will assist candidates in contacting their local testing centre.

The exam should ideally be taken within 4 to 8 weeks after the workshop, depending on prior knowledge and work commitments.

Cost

The cost of the workshop per candidate is USD 938 and includes the following:

•     Expert workshop facilitation

•     Comprehensive learning materials and spreadsheet models                                              

•     A Hewlett Packard financial calculator

•     Access to the Peter Skerritt & Associates Online Testing System

•     DHL shipping costs for the study notes and calculator

•     Post-workshop e-mail help facility

The fee does not include the following:

•           The ACI exam fee (currently EUR 250 per candidate)

Booking Details

To reserve a place, please complete and return your booking form to our Programme Director, Lerato Metseeme:

E-mail:                            lerato@peterskerritt.com

Tel:                                 +27 11 884 9910

Download the booking form here

Appendix - Programme

Day 1

08h00    Registration and introduction

08h30    Cash money markets

10h00    Coffee

10h30    Money market calculations

12h30    Lunch

13h15    Repurchase agreements

14h45    Tea

15h00    Repurchase agreements

16h00    Break

16h15    Deal capture, trade entry, and confirmations

17h45    Close

Day 2

08h00    Short-term bonds and notes

10h00    Coffee

10h30    Forward forwards and FRAs

12h30    Lunch

13h15    Interest rate futures

14h45    Tea

15h00    Interest rate swaps

16h00    Break

16h15    Settlement, netting and clearing

17h45    Close

Day 3

08h00    Asset & liability management

10h00    Coffee

10h30    Asset & liability management

12h30    Lunch

13h15    Spot foreign exchange

14h45    Tea

15h00    Spot foreign exchange

16h00    Break

16h15    Reconciliations and investigations

17h45    Close