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ACI 3I0-012 Exam Syllabus Topics:

SectionObjectives
Risk Management and Ethics- Market risk and operational risk
  • 1. Settlement and counterparty risk
    • 2. Value at risk (VaR) basics
      - Code of conduct
      • 1. Market abuse prevention
        • 2. ACI code of conduct principles
          Money Market Instruments- Short-term instruments
          • 1. Commercial paper
            • 2. Treasury bills
              - Repo and interbank markets
              • 1. Interbank lending rates (LIBOR replacement benchmarks)
                • 2. Repurchase agreements
                  Foreign Exchange (FX) Markets- Spot and forward FX
                  • 1. Forward points and pricing
                    • 2. Spot FX mechanics
                      - FX swaps and derivatives basics
                      • 1. Hedging currency exposure
                        • 2. FX swaps structure
                          Financial Markets Fundamentals- Structure of financial markets and participants
                          • 1. Role of dealers and brokers
                            • 2. Money markets vs capital markets
                              - Market conventions and instruments
                              • 1. Day count conventions and pricing basics
                                • 2. Interest rate fundamentals
                                  Interest Rates and Fixed Income Basics- Bond pricing fundamentals
                                  • 1. Duration basics
                                    • 2. Yield and price relationship

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