sotc 2008 - 2nd intake - fis.doc

SOTC ESSENTIAL

10 May 08Module 1: Foundation and Basics on Operations

10 May 08Module 2: Foreign Exchange & Money Market Products

24 May 08Module 3: Money Market, Fixed Income and Equity Securities

24 May 08Module 4: Financial Derivatives

SOTC ADVANCED

31 May 08Module 5: Exotic and Credit Derivatives and Structured Products

31 May 08Module 6: ISDA Documentation and Collateral Management

07 Jun 08Module 7: Operational Risk Control & Compliance

07 Jun 08 Module 8: Strategic Issues on Operations

ACI Singapore – The Financial Markets Association Level 3, 40/41 Duxton Hill, Singapore 089619 Tel +65 67320430 Fax +65 67320425

Email [email protected] URL www.acisin.com ROS ref no. 0161/1972

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http://www.acisin.com/

mailto:[email protected]

SOTC ELECTIVES14 Jun and 21 Jun 08

Specialist Module: Funding & Liquidity Management

Objectives Gain an understanding of the needs to manage funding requirements Learn how to determine funding requirements and aware of its related issues Acquire practical tools to manage funding requirements Understand available methods to allocate funding costs Provide an overview on liquidity management and its associated issues

Topics Funding Management Determination of funding amount Sourcing for data for funding management Funding Management Funding Management and Interest Rate Movement Financial instruments used for funding management Methods to allocate funding costs Liquidity management

Specialist Module: Validation of Valuation Models & Reserve Requirements

Objectives Understand the need to validate valuation model Explain the Evaluation process on valuation model Aware of the issues relating to validation of valuation model Learn how to set up model validation policy and control procedures on validation of valuation

model Understand objectives to set up valuation reserve requirements and various types of reserve

requirements Acquire practical tool to set up valuation reserve policy and process to manage valuation

reserve requirements

Topics Validation of Valuation Model Approve applicable parameters for pricing Authorize source of data for pricing and valuation Set up of Model Validation Policy Control procedures on Use of Valuation Models List of techniques used to validate models Inter-relationship and dynamics of financial risks Valuation Reserve Requirements



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APPLICATION GUIDELINES (FOR FINANCIAL INSTITUTIONS)

SETTLEMENTS OPERATIONS TRAINING COURSE (SOTC)

Settlements Operations Training Course (SOTC) is a primer course aimed at introducing this specialised discipline in wholesale banking to career converts, recent graduates and banking practitioners redeployed into operations, settlements and dealing processing. With Singapore’s rapid rise as risk management and operations hubs, the need for proficient settlement operations professionals in investment banking, private banking and asset management has becoming especially acute. SOTC has been providing foundation training in what was previously referred to as "back office" functions since 2004. More than 1,000 participants have undergone ACI Singapore's operations and controls training as of end 2007. Since first quarter 2008, SOTC has been updated as three parts that correspond with a practitioner’s career growth:

SOTC Essential. This is the introductory phase. Focusing on basic financial products and process, it covers 4 modules of 4 hours each including continuous assessments, held on two consecutive Saturdays. The candidate – most likely a fresh graduate or new deployee – may graduate with a certificate awarded by ACI Singapore upon satisfactory completion of continuous assessment. Since April 2008, SOTC Essential has been recognised by The Securities & Investment Institute (SII) as due preparation for SII’s globally popular electronic examination on “International Introduction to Securities & Investment”. This examination is an essential module of the SII-certified Investment Administration Qualification (IAQ).

SOTC Advanced. This is the advanced phase. Going deeper into financial derivatives, processes and market issues, it covers 4 modules of 4 hours each including continuous assessments, held on two consecutive Saturdays, and aims to prepare the participant for a global advanced operations certification. The candidate – most likely a fresh SOTC Essential graduand or a practitioner with more than a year’s relevant experience – may graduate with a certificate awarded by ACI Singapore. From May 2008, SOTC Advanced will be recognised by The Securities & Investment Institute (SII) as due preparation for two of SII IAQ’s electives. These are the electronic examinations on “Operational Risk” and separately, “Global Securities Operations”.

SOTC Electives. This is the higher phase. Drilling into strategic issues in operations, product control and compliance, the electives are organised as stand-alone modules. Each module lasts 16 hours, held on two consecutive Saturdays. An essay-based assessment ensues within a month from completing the module. Graduands of SOTC Advanced Electives will be awarded a certificate by ACI Singapore. In due course, SOTC Electives are intended to tie in with SII’s Advanced Certificate in Operations, namely in the Operational Risk and Global Securities Operations.

SOTC-IAQ. Please refer to the accompanying SOTC-IAQ write-up (enclosed in the last page of this application form).

ADMISSION CRITERIA

SOTC Essential and SOTC Advanced

1. Financial Institution-sponsored trainees must possess at least diploma, degree or professional qualification.2. Financial Institution-sponsored trainees may be of any nationality but must be based in Singapore and should

preferably have relevant working experience in order to fully reap the benefits of the conversion training programme.

3. Financial Institution sponsored trainees must be placed into the relevant areas/positions within the organisation where they have been trained in the conversion training programme.

4. Financial Institution sponsored trainees may include newly hired staff or existing staff which the financial institutions plan to convert internally.

SOTC Electives

Solely at the sponsoring financial institution’s discretion.



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COURSE FEE

SOTC EssentialS$2,675.00 (S$2,500.00 course fee + S$175.00 GST) per person. The course fee covers tuition, course materials (download for self-printing) and continuous assessment, as well as all applicable fees in respect of SII IAQ’s “International Introduction to Securities & Investment”.

SOTC AdvancedS$2,675.00 (S$2,500.00 course fee + S$175.00 GST) per person. The course fee covers tuition, course materials (download for self-printing) and continuous assessment, as well as all applicable fees in respect of either SII IAQ’s “Operational Risk” or “Global Securities Operations”.

SOTC ElectivesS$3,210.00 (S$3,000.00 course fee + S$210.00 GST) per person. The course fee covers tuition, course materials and essay-based exam.

PAYMENT METHOD

Cheque/Bank draftA cheque/bank draft made payable to: “ACI Singapore – The Financial Markets Association” MUST be attached to your application and mailed to:

ACI Singapore – The Financial Markets Association Level 3, 40/41 Duxton HillSingapore 089619

Interbank GIROAccount No. : 001-001368-8Bank Account Name : ACI Singapore – The Financial Markets AssociationBank Name/No. : DBS Bank / 7171Branch Name/No. : Shenton Way / 001

Please send us a credit advice once payment has been effected. Do note that ACI Singapore is not obliged to start a class if the minimum class size is not met, or if payment has not been received a week before the first session commences. Deferment and cancellation charges apply.

APPLICATION SUBMISSION CHECKLIST

In order to avoid delay in processing, please ensure that you have submitted the following:1. Duly completed original application form. 2. Photocopy of the original application form.3. Your payment via cheque/bankdraft or short note if it is via interbank Giro. You are encouraged to photocopy a set of the above for your own record.

CLOSING DATE

The closing date for submission of the application form is Wednesday, 23 April 2008. Applicants are encouraged to submit their application forms early.

CANCELLATION

If the applicant is unable to attend the course, his/her institution may nominate another staff to attend the course in his/her place. The course fee will not be refunded for cancellation. The replacement staff will be screened for eligibility, where applicable.



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APPLICATION FORM (FOR FINANCIAL INSTITUTIONS)SOTC 2nd Intake: Essential, Advanced & Electives

(10 May 08 to 21 Jun 08)

COURSE STRUCTURE

Please tick the SOTC courses that you would like to apply for. Please indicate the total amount of course fee.

Please tick the preferred course

Courses Days/Dates Duration inclusive of lunch & teabreaks

Amount

( ) SOTC Essential (incorporating preparation for SII IAQ’s “International Introduction to Securities & Investment” electronic exam)

Saturday, 10 May 08Saturday, 24 May 08

9.00 am to 6.00 pm9.00 am to 6.00 pm

S$2,675 (S$2,500 course fee + S$175 GST)

( ) SOTC Advanced (incorporating preparation for SII IAQ’s “Operational Risk” electronic exam)

Saturday, 31 May 08Saturday, 07 Jun 08

9.00 am to 6.00 pm9.00 am to 6.00 pm


( ) SOTC Advanced (incorporating preparation for SII IAQ’s “Global Securities Operations” electronic exam)

Saturday, 31 May 08Saturday, 07 Jun 08

9.00 am to 6.00 pm9.00 am to 6.00 pm


( ) SOTC Electives Saturday, 14 Jun 08Saturday, 21 Jun 08

9.00 am to 6.00 pm9.00 am to 6.00 pm


Total amount

Note: ACI Singapore and its partners reserve the right not to start a class, or to combine any intake(s), if the minimum class size is not reached. The minimum class size is determined by the Association at its sole discretion.

1 COMPANY INFORMATION

Company Name

Company’s Registered Address

Date of Commencement of Operations in Singapore (dd/mm/yyyy)



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2 PERSONAL INFORMATION OF CANDIDATE

Please print clearly in BLOCK LETTERS and complete all the fields. Please tick/circle where applicable.

Name (as in NRIC or Passport)(Dr/Mr/Mrs/Ms) Residential Address

Home Telephone No Mobile Phone No Office Telephone No

E-mail Address Date of Birth (dd/mm/yyyy)

Gender: Male / Female Age

Nationality Country of Birth

NRIC Number(For Singapore citizen)

UIN Number(For Singapore PR)

For Singapore-based ForeignersDo you currently possess a valid work pass? ( ) Yes ( ) NoPlease provide your Foreign Identification Number

3 PLEASE LIST HIGH SCHOOL / POLYTECHNIC / COLLEGE / UNIVERSITY EDUCATION

From (mm/yy)

To(mm/yy)

Name of Institution, Country Qualifications achieved

4 PLEASE LIST PROFESSIONAL QUALIFICATIONS (You can also include professional courses that you are currently undertaking)

From (mm/yy)

To(mm/yy)

Professional Body Discipline Status



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5 EMPLOYMENT HISTORY

5a Current Employment

Designation

Date of joining (mm/yy)

Industry

Industry (eg, Banking & Finance, Insurance, Consulting, IT, Law, Accountancy, etc)

Description of Current Job Responsibilities

5b Is candidate currently placed in a securities/investment operations role?

( ) Yes Date joined: ________________________________

( ) No Will candidate be placed in an investment operations roleafter he/she completes SOTC training?

( ) Yes ( ) No

Description of the candidate’s key job responsibilities of the investment operations role

5c Previous EmploymentPlease provide previous employment history based on recent years prior to your current employment.Indicate only full-time work experience.Exclude full-time national service, part-time, temporary, internship and vacation jobs.

From (mm/yy)

To(mm/yy)

Organisation Designation Industry

Job Description



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From (mm/yy)

To(mm/yy)


Job Description

From (mm/yy)

To(mm/yy)


Job Description

6a SOTC ESSENTIAL AND/OR SOTC ADVANCED: APPLICATION FOR MAS FUNDING

For participants who are registering for SOTC Essential and/or SOTC Advanced, is your firm applying for financial support under the MAS Financial Sector Manpower Conversion Scheme (FSMCS)?

( ) Yes ( ) No

If yes, this form will be forwarded to the Financial Sector Development Fund (FSDF) Secretariat for processing upon confirmation of admission to the programme.

Please note that funding is on a reimbursement basis conditional on the candidate’s passing of the Certification Examination.

6b SOTC ELECTIVES: APPLICATION FOR MAS FUNDING

For participants who are registering for the SOTC Electives, you may be eligible for MAS’ Financial Sector Development Fund (FSDF) support or Financial Training Scheme (FTS) on a case-by-case basis. Interested applicants should submit their applications to the FSDF Secretariat directly. For enquiries or information on the MAS’ FSDF application form, please contact the FSDF Secretariat at telephone number (65) 6229 9396.

6c This candidate will be(Please tick all that is/are applicable)

( ) Attending SOTC Essential

( ) Attending SOTC Advanced Specify by circling your choice: incorporating Operational Risk / Global Securities Operations

( ) Attending SOTC Electives

( ) Attending SOTC-IAQ (For participants who are interested to attend OFPP which is organised by SII, please contact SII at telephone number 6438-5007 | email: [email protected] | website: www.sii.sg )



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7 DECLARATION

7a Would this candidate be placed in an investment operations role that is based in Singapore? (This section is to be confirmed by the applying Financial Institution).

( ) Yes ( ) No

7b I declare that the information provided in this application form is true to the best of my knowledge and belief and that I have not willfully suppressed any material fact. I also understand that if after the approval of the application, it is found that I have made a false declaration or willfully suppressed material facts, the subsidy awarded will be recovered.

Name of Company’s Authorised Signatory (Dr/Mr/Mrs/Ms) Designation Email

Telephone No Fax No

Authorised Signature(unsigned applications will not be processed)

Company Stamp

Date

Contact Person of Personnel/Human Resource/Secretary handling this application (Dr/Mr/Mrs/Ms)

Mailing Address

Designation E-mail

Telephone No Fax No

For Official Use (check all that apply):

SOTC Essential SOTC Advanced SOTC Electives OFPP

Processed by

Signature

Date

Contact No



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sotc 2008 - 2nd intake - fis.doc

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