ACI Operation Certificate
Pass the Certification on the first attempt
What is ACI Operation Certificate ?
No transaction can take place without the back-office. It provides a vital service to the front office by ensuring that all funds flow in a timely and correct manner and all necessary documentation is completed. This examination has been designed to provide a benchmark for competency in all aspects of the operations process.
Why ACI OC?
The ACI Operations Certificate supports treasury operations teams and related groups to efficiently cope with stronger competition in the financial markets and to smooth co-operation with supervisory bodies. Candidates will become up-to-date with the latest developments that affect the treasury operations. It also helps candidates to develop a front to end treasury view in terms of process promoting a better understanding between trading community and operations staff
- To describe the roles of each participant within the financial market and to provide an understanding of how Treasury Trading and Sales, Middle Office and Operations have to be structured in the risk management context. To give an understanding of how the whole transaction process management can be optimized as well as to explain the importance of providing a quality, customer-orientated service to both internal and external clients.
- To explain the payment and confirmation process that follows deal capture and trade entry; list the problems that can arise if mistakes are made; describe how different clearing and payment systems can impact on risk; show an understanding of the correct source of trade information.
- To explain the importance of the different settlement and payment systems as well as the use and handling of the correspondent network and accounts.
- To explain the methodology used to match at least two different records, using the same information to identify and investigate differences and taking corrective action when necessary. To explain the way how to proceed to settle outstanding items.
- To explain the essentials of a treasury system, the data management for treasury operations as well as the basic accounting of treasury operations
- To explain the importance of having strict procedures and controls in place to ensure that no unauthorized or incorrect payments are made and to protect the business from related risks. To describe the purpose of documentation in settling financial transactions.
- To explain the characteristics of the major money market instruments, specific responsibilities, and associated settlement processes.
- To explain the specific features of exchange-traded and Over the Counter (OTC) derivatives markets as well as the characteristics of optional and non-optional derivatives, including the specific responsibilities and processes associated with them.
Overall financial market and front to end treasury view
Deal capture, trade entry and confirmations
Settlement, netting and clearing
Reconciliations and investigations
Treasury systems and data management
Risk management, controls, compliance, documentation
Short-term bonds and notes
ACI - The Financial Markets Association
ACI Financial Markets Association (ACI) is a leading global trade association representing the interests of the professional financial markets community. Established in 1955, ACI is focused on enhancing best market practice and supporting market participants to adhere to principles of ethical conduct.
The ACI Model Code was acknowledged as the first industry-wide Code of Conduct for OTC/FX and related markets having been built on the original ACI Codes of Conduct from the 1970s. Updated subsequently to embrace the broader OTC community - and expanded from the dealing floor through to back office operations - the ACI Model Code strongly influenced many national Codes of Conduct and was retired in 2017 with the publication of the FX Global Code, the composition of which ACI participated in, along with various other Code of Conduct initiatives.