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6th Treasury Operations Certificate Program

Course Name 6th Treasury Operations Certificate Program
Schedule March 15, 2018 - March 24, 2018

Thursdays - Saturdays

9:00 am - 5:00 pm

Price: Php 35,400.00

This program covers the full complement of processes in the life cycle of a Treasury trade, as it is dealt in the front office, risk-managed in the middle office and processed in the back office. It uses select asset classes and their derivatives to illustrate the detailed workflow and Operational risk points for each function. It describes and applies the framework of Straight-Through Processing (STP) within the entire trade life cycle – from deal entry to financial and risk reporting, and emphasizes the alignment of these functions with post-Global Financial Crisis 2008 reforms, e.g., trade repository reporting, central clearing through a recognized exchange as recommended by the U. S. Dodd-Frank Act. This is based on the ACI Operations Certificate Syllabus of 2013


To facilitate learning on the core knowledge, essential skill sets and global standard market practices on:

1. Key operational processes and their connectivity, involved in the life cycle of a trade, generic to all Treasury deals and unique to specific products

2. Operational risk in the various activities as defined and described by Basel and the required internal controls to manage this risk as it affects other enterprise risks

3. Sequence of logical steps in Straight-Through Processing (STP) enabled by a Treasury Management System (TMS) 

4. Front-office and back-office segregated functions and processes including Best Practices Operations as embodied in The PH Model Code

5. Pricing and valuation of Treasury products applying basic financial math

To appreciate the role of Operations as more than a ‘back-office’ function as it involves efficient processes, change management and internal controls

Who should attend
  • Recent entrants to Operations
  • Trading Room Support Staff
  • Front-office Personnel
  • Product Control and Risk Officers
  • Compliance Officers
  • Internal and external Auditors
  • System Developers and IT Vendors
  • BPOs and Shared Services Personnel

Day 1

A. Trade Execution   


o Before The Trade

 To map out the steps that a dealer takes before concluding  a trade

o The Trade

To show how a deal is consummated through various channels, with diverse parties, for different intents

o After The Trade

To keep track of FX and liquidity positions affected by the trade

B. Role of Treasury   


To provide the functional context of Treasury within the Financial Markets Division, focusing on the role and responsibilities of each desk and the required support functions to achieve Return on Economic Capital

C. The Global Financial Markets (Part I)

o Fixed-income Securities Market

To explain and differentiate the attributes of each money and capital market instruments. 


 Currency Exchange Market

To describe the characteristics of FX spot, forward and swap contracts and their uses for hedging and for active risk taking.    

Day 2

C. The Global Financial Markets (Part II)

o Derivatives Market

To discuss the generic types of derivatives - forwards, futures, swaps, options across select   asset classes and their practical applications by banks and corporates

D. Front Office and Operations Overview

To describe the strict segregation of the dealing room and back-office functions

E. Deal Capture

To illustrate the life cycle of a trade that starts with deal capture and trade entry after it is dealt and the post-trade processes that ensue


Day 3

F. Confirmation


To illustrate the sub processes in trade confirmation – sending of confirmation advices, matching and affirmation


G. Settlement & Clearing


To demonstrate and emphasize the importance of settlement and payment  systems for securities and funds, (e.g., Continuous Linked Settlement or CLS), domestic transfer systems for USD and RMB

H. Reconciliation and Resolution 

To exemplify the matching of two records with the same information (Foreign Currency Control Ledger and FX Blotter reconciliation, Nostro account ledger and SWIFT statements reconciliation) and stress the relevance of investigations to identify and rectify variances


I. Profit & Loss  Measurement 

To account for Profit or Losses on risk positions and explain the  accounting principles using Basel Banking and Trading Book segregation – mark-to-market versus accrual

Day 4

J. Enterprise Risk Management

To provide the framework to discuss the 7 Operational risk events as classified and described by Basel and to relate Operational risk to other major risks that an enterprise/firm/bank is exposed to


K. Risk Measurement

To discuss Market Value at Risk, Earnings at Risk, Counterparty Credit Risk quantification methodology to manage risk and allocate capital to measure performance through ROEC


L. Best Practices Operations (The PH Model Code)

To apply sections of the revised PH Model Code for Best Practices Operations on key processes and Operational risk controls


Day 5

M. Trade Life Cycle Simulation

To apply the acquired knowledge and skill sets within near - real  scenarios


Day 6


Review and Exam




Resource Speakers
Mr. Roy B. Lacsamana

is a global facilitative trainer for the Money & Capital Markets, Foreign Exchange, Essentials of Financial Derivatives, Enterprise Risk Management, Global Trade & Finance, Elliott Wave Analysis, Counterparty Credit Risk, Credit Valuation Adjustment and Market Value at Risk, Applied Quantitative Finance courses, for Central Banks, SEC, universal banks, financial institutions, multinational corporations, local conglomerates, business schools, professional associations, shared services, private individuals conducted in key Asian, Middle Eastern and European financial centers. 

He certifies Money Market and Foreign Exchange traders thru the BAP-Institute of Banking Treasury Certification Program, facilitates the Ateneo-BAP Institute of Banking Treasury Operations Certificate Program, designs and develops e-learning courses.

Mr. Lacsamana is also the author of the BAP FX Accounting Manual, Corporate Risk 

Management Manual, Debt and Fund Management Policy Manuals, The PH Code of Conduct and Market Practices (The PH Model Code) for Treasury Activities, and The Global Finance Professional Training Program. He is also co-author of the BAP Financial Market Risk Reference Manual.

Mr.Lacsamana is fascinated and has fun with Fibonacci, the Fingerprint of God.