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Financial Markets Operations, Risk & Internal Controls (FORIC)

Course Overview

“FORIC”, a highly practical module will empower participants to recognise, prioritise and institutionalise risk management, control and governance processes in order to proactively identify & prevent lapses and engender the promotion of enterprise-wide best practices.

Course Objectives

  • equip participants with the requisite skills to mitigate risks arising from the desire to compete effectively and excel in the new financial markets terrain
  • assist them in defining the roles and the maintenance of appropriate controls, standards and best practices for the participants whilst promoting appropriate ethics and values within the organisation as well
  • participants will learn to recognise, prioritise and institutionalise risk management, control and governance processes in order to proactively identify & prevent control lapses and engender the promotion of enterprise-wide best practices

Duration – 5 Days

Curriculum

Money Market
Coupon v Yield International Best Practices: Processing and accounting for money, Valuation of Bonds market instruments in line with IAS 32 & 39 + IFRS 9 v SAS 13, Deposits (Fixed & Call), Bankers' Acceptances (BAs), Commercial Papers (CPs)

T.bill
Discount Factor & Discount Value, Discount, True Yield & Price, Mark-To-Market, Primary & Secondary Markets, T.bill Portfolios, HTM, AFS & HFS

Yield Curve
Term Structure of Interest Rates, Understanding & Interpreting the Yield Curve

Bond
Discount & Premium, Straight line v Effective Methods, Primary & Secondary Markets, Bond Portfolios

Repo
Repo Overview, Classic Repo and Sale & Buy-Back, Special & General Collateral

Foreign Exchange (FX) International Best Practices: Processing and accounting for foreignExchange instruments in line with IAS 39
FX Market Concepts, Products, CBN WDAS - Spot & Forwards, Settlement: Per Transaction, Netting & STP

International Best Practices: Processing and accounting for fixed

Risks & Risk Culture income instruments in line with IAS 32 & 39 + IFRS 9 v SAS 13

Controls - External & Internal
Bond Overview & Concepts