Suite of ACI Examinations

ACI Lebanon is keen to play a major role in promoting continuous education program for both new entrants to the industry and the most experienced dealers. This is very crucial in our financial industry consistently introduced with innovations and challenges. Therefore, we aim at helping our members to acquire the techniques necessary to apply in our profession through organizing ACI's courses* in level 1 and level 2, thus helping them to sit for the worldwide-acknowledged exams administered by ACI International Board of Education. 

Other entities may benefit from this education program mainly university students majoring in business administration, economics and banking studies enabling them to enhance their scholar knowledge. 

In parallel, we organize seminars, workshops, presentations,… to update market practitioners of new tools and instruments which help in creating a competitive environment. 

ACI Lebanon is striving to apply dealers' accreditation in the local financial markets. What we would like to fulfill here is issuing a license that would be the industry standard for trading and would be recognized by all the regulators and market players in Lebanon and in all trading centers. Such an accreditation process has already become the norm in many financial centers. 

* Courses delivery dates and details are announced on our website in due course of time. 

Level One 

  • The ACI Dealing Certificate

    In addition to the revamp of “Principles of Risk” topic basket as well as the adaptation of the existing “Model Code” to the newly written one, the “Asset & Liability Management” topic basket has been added to the new ACI Dealing Certificate syllabus.

    The new version of the syllabus available with Prometric (Prometric Code 3I0-012) is the sole standard qualification as of the 1st of August 2013 

  • The ACI Operations Certificate

    The syllabus corresponding to this examination has been updated and will include the new topic basket “FX Best Practices Operations”. 
    This new syllabus is effective as of June 1, 2013


Level One examinations comprise a single electronic paper of 2 hours duration.



Level Two 

  • The ACI Diploma

    The ACI Board of Education had reshaped in 2009 the ACI Diploma (Prometric Code 3I0-009) to reflect the increasingly global nature of the markets, as well as the wider skill set required at the top of the financial markets industry. The Diploma comprises a single electronic examination of 3 hours.

    Nevertheless, the ACI Diploma will be actually restructured. Candidates will have to pass two mandatory units plus one elective unit in order to be eligible for the ACI Diploma. As for the eligibility of senior practitioners and ACI Operations Certificate holders for the ACI Diploma, please refer to the section “ACI Model Code Certificate” below. Apart from core subjects like FX, FI and MM and related Risk and Derivatives topics, the new ACI Diploma will in addition offer: ALM, Islamic Banking, Sales, Operations and the Model Code.

 

New Examination

  • ACI Model Code Certificate

    The Model Code has been compiled in response to an urgent international need amongst dealers and brokers operating in the OTC foreign exchange, money and derivatives markets. The Committee for Professionalism (CFP) of ACI - The Financial Markets Association has become increasingly aware of this need through regular contact with its membership of over 24,000 dealers, brokers, middle and back office staff in over 80 countries.

    Until recently, the syllabus for the Code of Conduct examination in the ACI Dealing Certificate recognised the Codes of Conduct of the four main centres: London, New York, Singapore and Tokyo in addition to the ACI's own Code. Candidates preparing for the examination were therefore obliged to undertake a long and arduous study of the provisions of all five publications.

    Following a comprehensive review of the situation, the CFP concluded that, despite the existence of some difficult issues and of differences in structure, there was an urgent need for one international or global code that could cover the essential provisions of all five recognised publications.

    The conduct and best practice recommended in the five codes is in general conformity and, with a few notable exceptions, the differences that do exist are mostly those of emphasis and scope. It was therefore felt that a Model Code embracing the main provisions of the recognised codes could serve as a valuable guide for the international dealing membership.

    It would also serve as practical study material for junior dealers and, with an amended syllabus recognising the new structure, for examination candidates.

    The need for a Model Code is more pronounced in many of the emerging markets where a professional code is lacking.


Committee of Education & Training:  
Karim EL KHOURY (Head)  Société Générale de Banque au Liban 
Najwa BOUSTANY Société Financière du Liban s.a.l.
Elie BOUTROS BBAC s.a.l. 
Fouad DIBO Bank Audi s.a.l.
Louis KARAM Cedrus Invest Bank s.a.l.