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CFE-In-Practice

IBF f-NEXT Partner in Financial Training

professional coaching - capital market & derivatives

ACQUIRING CORE BANKING SKILLS

FOR THE AUDIT AND CONTROL OF DERIVATIVES

PART 1 -

UNDERSTANDING AND MARKETING

FINANCIAL DERIVATIVES

One Day At THE TRADERS HOTEL - SINGAPORE

JULY 4, 2003

Introduction:

The oldest reference to derivatives that we have seen appears in the works of Aristotle, 2,400 years ago. He tells the story of a poor philosopher named Thales, who was challenged with the ancient question: "If you're so smart, why ain't you rich?" To demonstrate that he could be rich if he were not spending so much time on his main interest of philosophy, Thales used his knowledge of the stars, the heavens, and the seasons to forecast that weather conditions would be right for a very successful olive crop in the coming season. He then took what little money he had and went one by one to the owners of the olive presses used to convert the olives into oil. He made a small deposit to reserve each press for his exclusive use during harvest time. Having cornered the olive press market in this way, Thales made the proverbial killing when the harvest produced a bumper crop and olive presses were in such high demand that Thales, as a monopolist, could charge whatever he pleased. Now he was rich, and had answered the challenge. Likewise, if you are a fund manager working in a bank or an MNC's treasury department, the same question could also be directed at you. This program enables and empowers you to answer questions on derivatives without having to go through the same fate as Thales.

COACHING OUTLINE

An overview of the uses of derivatives
Risk identification and quantification process
Introduction to swap pricing using zero coupon methodology
Understanding the building blocks of derivatives products
Interest rate derivatives
Foreign exchange derivatives
Factors to consider in recommending risk management strategies
Yield enhancement products for investors
Case studies
Preparing a system based and risk orientated approach to the control and audit of derivatives

Methodology

This coaching by a Certified Fraud Examiner consists of a lively series of short participative lectures conveyed using plain uncomplicated explanations. Learning will be facilitated through discussion and case studies. Ample coaching materials will be given to participants so that these will be a constant source of reference to them. Ample time will be allotted for the transfer of ideas.

For whom

Risk Managers, Compliance Officers, Operations Managers, Treasury Managers, Training Managers Relations Managers, HR Managers, Internal Control Officers, all Bank Internal Auditors, Central bank Examiners as well as those seeking to build a body of knowledge in derivatives control and audit.

Principal Coach

Tommy Seah, CFE MIIA CMC ACIB etc. Click here for Tommy Seah's Profile and business.

Who have we trained?

What have they to say?

Register by email

Enjoy immediate savings:

2nd participant* pays 75%,

subsequent participant* pays 50% only.

registration@cfe-in-practice.com

*terms & conditions apply.

Closing Date: 19 June 2003

Check Out our other programs on Capital Markets & Derivatives:

Derivatives Products 1

Derivatives Products 2

Derivatives for Non-Traders

Derivatives and Speculation

Derivatives for Decision Makers

Investment Banking and Structured Finance 1

Investment Banking and Structured Finance 2

Acquiring Core Skills in Investment Banking & Fixed Income Markets

Risk Control for Derivatives

The Bond Audit

Treasury & Derivatives Audit

Understanding and Marketing Financial Derivatives

Understanding Financial Futures and Swaps

Understanding Options

You may be also interested in programs on:

Audit Skills & Techniques

Capital Market & Derivatives

Foreign Exchange & Treasury Management

Loss Prevention

Risk/Credit Management

CFE-In-Practice is registered with IBF as a f-NEXT partner in Financial Training.

Funding for Professional Coaching:

Participants may be eligible for FSDF support on a case by case basis. Please submit applications to the FSDF Secretariat directly. As part of the application and evaluation process, participants will be required to complete and submit an FSDF evaluation form upon completion of course.

Please contact us if you need assistance for specific information on our program when completing the application form. Applications for funding under FSDF Financial Training Scheme (FTS) must be submitted to the FSDF Secretariat using prescribed application forms.

Financial Sector Development Fund Secretariat

Financial Centre Development Department

10 Shenton Way MAS Building

Singapore 079117

Tel: (65) 6229 9396

Fax: (65) 6225 3261

Website: www.mas.gov.sg

Email: fsdf@mas.gov.sg

3 Shenton Way #24-04 Shenton House Singapore 068805