THE ACI DEALING CERTIFICATE AND HOW TO PASS IT

The book is primarily intended for financial professionals who wish to acquire a working knowledge of the structure and operation of the foreign exchange and money markets, and their core products (including derivatives), and the basic skills required for competent participation, including the ability to apply the fundamental mathematics used in these markets. In addition the ACI (The Financial Markets Association)   Model Code is discussed in depth. The book can be used as an introduction for new entrants and junior dealers (0-18 month’s experience) in the dealing room, middle office and operations personnel, auditors and compliance officers.

The book is especially useful for  dealers, settlements specialists or anyone involved in Foreign exchange, Treasury or Capital markets operations who you are thinking about taking ACI  Dealing Certificate examination. The reader is  introduced to the topics of the examination syllabus, the styles of questions and marking methodology.  Hints are   provided  in approaching the multiple choice format questions and selecting the correct answers in the examination. 

PUBLISHING DATE

1 June 2009

UPDATE

Be aware that the ACI requirements have been changed considerably since the publishing date 

AUTHOR

Phil J.L. Parker ACIB, Managing Director of Lywood David International Limited, has over forty years experience of the financial markets. He spent his banking career with Lloyds Bank Group in a number of senior Treasury roles. Since forming his own company in 1992 Phil has regularly presented open courses in London and overseas financial centers and in-house training on behalf of client institutions world-wide. In recent years Phil has developed a range of training courses and distance learning products towards ACI Education qualifications. 

CONTENTS

1. Introduction

2. Setting the scene

3. Basic interest rate ad cash money markets theory and calculations

4. Forward/forwards, FRAs and money market futures and swaps

5. Foreign exchange (and precious metals)

6. Options

7. Principle of Risk

8. The model code

9. Approaching the ACI dealing certificate examinations