Since the beginning of 2020, ACI International is offering an adapted format for the tried and tested ACI Diploma under the title “ACI Diploma New Version” (ID 003-101). The basic and most important change of the new format is the reduced number of individual thematic baskets – with a pass ratio of 50% required for each basket – from 18 to 5. This should lead to more reliable and less volatile results.
The ACI Diploma Cyber * School is a very efficient and comprehensive way to prepare for the ACI Diploma exam. Based on the questions and numerous tests, the real exam situation is practiced, extensive scripts on the topics allow the participants to systematically work through any knowledge gaps.
Successful completion of the official exam earns the title “ACI Dipl.”.
- Financial Markets Environment
Central Bank Policy (ECB, Fed, BoE, SNB, BoJ,…) and other actors in the international financial markets (IMF, BIS, OECD,…). Role of Fundamental Forecasting, principles and methodologies
- Foreign Exchange
Spot, Crosses, Outrights, NDF, FX swaps, Forward/forward Swaps, Time Options: Terminology, conventions, pricing and strategies using the products, FX tail risk
- Money Market & Fixed Income
Money Market: Interbank deposits, bills of exchange, certificates of deposit, commercial papers, repos and sell and buy backs: Terminology, conventions, pricing and strategies using the products
Fixed Income: Terminology, conventions and price influence factors of bonds, yield to maturity, duration, asset swap pricing, zero curve calculations
Money market Derivatives: FRA, money market futures, money market swaps, OIS: Terminology, conventions, pricing and strategies using the products, strip calculations, convexity effects, arbitrage strategies
Capital market Derivatives: Interest Rate Swaps and Cross Currency Swaps: Terminology, conventions, pricing and strategies using the products
Options: FX and interest options: Terminology, conventions, pricing and strategies using the products, call/put parity, break-even calculations, delta hedges, Greeks and their interpretation, exotic options
- Risk Management
Legal restrictions (Basel , Capital adequacy directive), Market Risk Measurement concepts and interpretations, consequences of netting and clearing agreements