Education

The role of ACI Singapore is to provide a suite of courses/programmes aimed at both new entrants to the industry and the seasoned professionals in Foreign Exchange, Money Markets, Derivatives, Repos, Risk Management etc for both front, middle and back-office staff.  Since 2004, ACI Singapore has trained more than 2,000 aspiring and existing practitioners.

 

Current and up-and-coming courses are:

 

ACI Non-Deliverable Products Course (NDP)

Date: 18 February & 25 February 2012 (9th intake)

Click here for the NDP brochure

 

ACI Currency Options Foundational Course (COF)·

Date: 3 March & 10 March 2012 (1st intake)

Click here for the COF brochure

 

ACI Singapore Dealing Simulation Course (DS)

Date: 27 March to 30 March 2012

Click here for the DS brochure.

 

ACI Currency Options Advanced Course (COA)

Date: 14 April & 21 April 2012 (1st intake)

Click here for the COA brochure.

 

 

ACI-SMU FICS Programmes 

·            Financial Markets Certificate

·            Financial Markets Operations Certificate

·            Professional Certificate in Treasury Sales

·            Professional Certificate in Financial Markets Product Control

·            Professional Certificate in Financial Markets Operations

·            Specialist Certificate in Product Control

·            Specialist Certificate in Financial Markets Operations

For the information of the above ACI-SMU FICS programmes, please log on to http://www.smu.edu.sg/centres/fti/courses.asp


More ACI-SMU FICS Programmes will be launched in the coming months.

 

 

Front Office Training

ACI Non-Deliverable Products Course (NDP)


Since the implementation of capital controls and restrictions placed on participation in the domestic foreign exchange markets of various countries over the past few years, Non-Deliverable Products have developed and proliferated in the wholesale financial markets in Asia, Eastern Europe as well as in various Latin American economies.  With scattered or minimal information and an absence of formal systematic training for market practitioners thus far, ACI Non-Deliverable Products course (NDP) serves to bridge this gap by providing practical information and knowledge to attendees seeking greater insights into the NDP market.   It aims to equip participants with a working knowledge of the background, structure and workings of the core NDP products, including forwards, interest rate derivatives and options. 

 

This course has been conceptualized and developed by ACI Singapore, and draws information and knowledge from its member-practitioners.  For better interaction and discussion, classes will be limited to no more than 25 participants.  Participants are therefore strongly encouraged to register early to avoid disappointment.  Seats will be allocated on a first-come, first-served basis, with priority given to existing ACI members.  The NDP course will be delivered over 14 hours, comprising two Full-Day sessions, normally over 2 consecutive Saturdays from 9 am to 5 pm, inclusive of tea-breaks and lunches.

 

ACI Currency Options Foundational Course (COF)

The Currency Options Foundational Course (COF) which aims to provide a strong foundation on the basics of Currency Options. The Course will be the first in a new series of courses on Currency Options & Derivatives.

The aim of the Foundational Course is to establish the building blocks. All the terminology and concepts must be understood by those who plan to take the Advanced Course. The focus will be on the basics (concept, terminology, theory) so as to develop a strong foundational knowledge and understanding. As a Foundational Course, it will be informative no matter what the job function of the participant. Although pricing models may be discussed and referenced, the focus of the course will be qualitative rather then quantitative.


The final section of the Basic Course will introduce day to day information that will be instructive to traders, sales people and structurers. As the market continues to grow the need for a deeper understanding of Currency Options is paramount. In Asia we see the growth as more and more banks enter the Currency Options space, not just as customers

The COF course will be delivered over 14 hours, comprising two Full-Day sessions, over 2 consecutive Saturdays from 9 am to 4 pm, inclusive of tea-breaks and lunches.

 

ACI Currency Options Advanced Course (COA)

Currency Options Advanced Course (COA) which is targeted at treasury markets professionals who have a foundational knowledge of Currency Options, and who want to understand trading and structuring better. The COA course will build upon the material from the ACI Currency Options Foundational (COF) Course. However the course will admittedly be weighted more to trading.

The first day will focus on trading and risk management of FX Options from an end user and an Options Trader perspective. The emphasis will be on Vanilla options pricing and trading. The second day will complete the discussion on the trading “Need to Knows” and transition into an introduction to exotics. We will then move onto more advanced exotic structures. A few of the more common, 2nd generation exotic options structures will be discussed.

The COA course will be delivered over 14 hours, comprising two Full-Day sessions, over 2 consecutive Saturdays from 9 am to 4 pm, inclusive of tea-breaks and lunches.


ACI Singapore Dealing Simulation Course (DS)

ACI Singapore Dealing Simulation (DS) Course is organized by ACI Singapore and working in association with our colleagues from ACI Australia. This course has been successfully conducted around the world during the last 10 years and is regarded as the fastest and most effective way to acquire invaluable practical knowledge of the trading environment in the treasury markets. Participants experience real-life simulated trading scenarios over 4 consecutive high-impact course days.

This course is ideal for new market entrants and junior traders, as well as others who are interested in gaining some practical knowledge of our trading environment.

 

The Singapore Financial Training Scene – selected information

 

FICS Financial Markets Trading (Role IV)  More

A note on eligibility for Financial Sector Development Fund  More

 

ACI-SMU FICS Programmes:  Memorandum of Understanding signed between ACI Singapore, ACI Asia and SMU to develop professional training in wholesale financial markets


26 August 2009 marked a milestone for ACI Asia – The Financial Markets Association (ACI Asia), ACI Singapore – The Financial Markets Association (ACI Singapore) and the Singapore Management University (SMU), as a Memorandum of Understanding (MOU) was signed by the 3 partners to launch a series of training and certification programmes for professionals in the financial markets industry in Singapore and the Asian region.  This represents the first significant collaboration between a local Singapore university and the leading global association of wholesale financial markets professionals.
 


 

MOU Signing Ceremony. From left to right: Associate Professor Annie Koh, Dean of Executive and Professional Education, SMU, Mr Eddie Tan, President ACI Asia, Professor Tan Chin Tiong, Deputy President (External Affairs), SMU and Mr David Lau, President ACI Singapore

 

The academic collaboration between ACI Asia, ACI Singapore and SMU will result in a comprehensive suite of courses covering the whole spectrum of financial markets job functions & related specialisations.


The curriculum will be designed to meet the rigorous professional standards of ACI, benchmarked against industry best practices as well as the stringent requirements of Singapore’s Financial Industry Competency Standards (FICS).  Industry professionals from financial institutions and qualified individuals in Singaore who enroll in FICS accredited training programmes can apply for up to 90% funding support under the Financial Sector Development Fund (FSDF) set up by the Monetary Authority of Singapore (MAS).

 

Since the start of 2010,  a series of ACI-SMU FICS programmes are launched.  More ACI-SMU FICS Programmes will be launched within the coming months.   

 
“The global financial crisis points to a critical need for financial market professionals to go back to basics and knowing how to link the value chain in financial services, be it in trading, treasury sales, product control, risk management or back office support. SMU's partnership with ACI Asia and ACI Singapore is both timely and strategic. By bringing onboard a leading regional association in financial markets and top-tier industry experts in this area, we are able to develop a cutting-edge curriculum and training roadmap that will meet the ever evolving needs of the industry,” said Associate Professor Annie Koh, Dean of Executive and Professional Education, SMU.


“ACI Asia sees this partnership with SMU & ACI Singapore as a milestone in raising the professional competency levels of our members throughout the Asian region. Our education platform is crucial to developing a set of common and consistent standards of best practices which will ensure efficient and seamless execution of financial products and services across the region,” said Mr Eddie Tan, President, ACI Asia.


"ACI Singapore has been very successful with its Settlement Operations Training Course (SOTC) and Middle Office Training Course (MOTC) programmes, and has trained over 2,000 professionals since 2004. We are delighted with the opportunity to collaborate with SMU, as it enables ACI Singapore to expand on its suite of training programmes by tapping on the academic experience and vast educational infrastructure of SMU. We are committed to raising the standards of professionalism not only in our Singapore market but, together with ACI Asia, throughout the region, and education is the main platform through which we expect to serve our members and our industry,” said Mr Mervyn Fong, Managing Director, ACI Singapore.

 

The ACI-SMU FICS Programmes will replace ACI Singapore’s former suite of Settlements Operations Training Course (SOTC) and Middle Office Training Course (MOTC).

 

While every care has been taken in the compilation of the content here, ACI Singapore cannot accept responsibility for any inaccuracies or changes, or for consequential losses arising from such changes or inaccuracies, or for any other loss direct or consequential arising in connection with information in the content here.

 

New Membership Form Click Here

Member Particulars Update form Click Here