Description

The ACI Diploma Cyber*School is a highly efficient and comprehensive method for preparing for the ACI Diploma exam. The questions and numerous tests simulate the real exam situation, while extensive scripts on the topics allow participants to systematically work through any gaps in their knowledge.

Since July 2025, a revised syllabus (ID 003-102) has replaced the current ‘ACI Diploma New Version’ (ID 003-101). The diploma in its current version can still be taken until March 31st, 2026. From April 2026, only the new syllabus (ID 003-102) will be relevant for the exam.

If you decide to enrol in the ACI Diploma Cyber*School now, you will be granted access to the Cyber*School for preparing for the Diploma exam in its current version (ID 003-101). Finance Trainer will make this Cyber*School available until the end of March 2026 to help you prepare for the exam.

If you have booked our ACI Diploma Cyber*School and are unable to take the exam by 31 March 2026, we will provide you with access to the new Cyber*School at a reduced rate (half the term at a third of the price). From November 2025 onwards, new registrations will only be assigned to the new Cyber*School (for ID 003-102).

The exam is conducted by ACI International in English. Our Cyber*School will prepare you for the exam. Depending on whether you prefer to prepare in German or English, you can choose the language at the beginning of the training.

Successful completion of the official exam earns the title “ACI Dipl.”.

Content

  • Foreign exchange & commodities

FX: Spot, crosses, currency forwards, NDF, currency swaps, forward/forward, time options: application, price influencing factors and combination of products, cash risk in FX swaps

  • Linear derivatives

Money market derivatives: FRA, futures, money market swaps, overnight index swaps (OIS): application, price influencing factors and product combinations, strips, convexity effects, arbitrage strategies

Capital market derivatives: interest rate swaps and cross currency swaps: application, price influencing factors and product combinations, capital market futures

Commodities: Commodity forwards/futures, supply and demand, cost of carry, backwardation/contango, arbitrage & hedging, commodity pricing and challenges

  • Money markets & fixed income

Money market: Interbank deposits, CDs, CP, bills of exchange, repos and sell-and-buy-back: application, price influencing factors and product combinations.

Fixed-income securities: Factors influencing bond prices, yield calculation, duration, asset swap calculations, zero curve calculations

Credit and market risk Derivatives: Credit default swaps, credit-linked notes, asset-backed securities (MBS, CDO, etc.), asset swaps, total rate of return swaps

  • Option-based derivatives

FX options: pricing and price influencing factors, call/put parity and its application, break-even calculations, delta hedges, Greeks and their applications, exotic options, and interest rate options

Interest rate options: cap/floor/collar, futures options, bond options, swaptions and embedded options (callable, puttable, convertible, CoCo’s)

  • Risk management

Legal provisions (Basel, Capital Adequacy Directive, SA-CCR, EMIR, Dodd-Frank), methods for calculating market risk, consequences of netting and clearing agreements, portfolio compression, CCPs (central clearing counterparties)