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ACI-SMU Financial Markets Certificate (IBF Level 1)

ACI-SMU Financial Markets Certificate – Module 1: Building Blocks (IBF Level 1)

Overview of Financial Markets (10 Mar '18)

  • Overview of global financial markets
  • Implications of capital requirement
  • Influence of macro-economic drivers
  • Technology advancement, impact & disruption

Money Market & STIR Futures (17 Mar '18)

  • Overview of money market (MM)
  • Features, characteristics of MM instruments
  • Interest & yield computations
  • Mechanism of repo transactions
  • Risks in money market operations
  • Forward rate agreements (FRA) – features, terminologies, mechanism 
  • Pricing & settlement of FRA
  • Short-term interest rate futures (STIR) – features, terminologies, mechanism & applications
  • Riding the yield curve with interest rate gapping

Bond Basics (24 Mar '18)

  • Overview of bond markets
  • Bond terminologies & conventions
  • Understanding yield curve
  • Bond pricing & yields
  • Risks associated with bonds
  • Bond price volatility measures – duration & convexity

Foreign Exchange (FX) (7 Apr '18)

  • Overview of FX markets
  • FX terminologies, conventions & trading lingoes
  • Determining value date for FX transactions
  • Computation of FX cross rates, P/L & pip value
  • Analysis of FX movements – technical vs. fundamental

Foreign Exchange Derivatives (14 Apr '18)

  • Overview of FX derivatives
  • Features, terminologies, mechanism, pricing, position management & applications of
    • FX swap
    • Non-deliverable forward (NDF)
  • Option basics
    • Features, terminologies & mechanism
    • Payoff diagrams
    • Pricing
    • Option Greeks
    • Delta hedging
    • Volatility surface – smile & skew
    • FX option trading strategies

Interest Rate Derivatives (21 Apr '18)

  • Derivatives for managing interest rate exposures
  • Features, terminologies, mechanism, pricing & applications of
    • Interest rate swap (IRS)
    • Cross currency swap (CCS)
    • Non-deliverable swap (NDS)
    • Swaptions
    • Interest rate caps, floors & collars

Last updated on 29 Jan 2018 .