Program Objectives: 

The objectives of TCP 2.0 are as follows:

1. Upskilling and Reskilling: 

Equip Philippine market participants with the knowledge and skills necessary to thrive in the continuously evolving Fixed-Income (FI) and Foreign Exchange (FX) asset classes.

2. Knowledge Enhancement: 

Broaden and deepen understanding of the financial markets, highlighting the inextricable relationship between the FI and FX markets.

3. Alignment with Global Standards: 

Promote a framework that aligns the Philippine Model Code with the ACI-FMA FXGC, ensuring market participants adhere to ethical practices recognized internationally.

4. Ethical Standards: 

Emphasize the necessity of adhering to prescribed ethical behavior, ensuring that market participants actively avoid unethical or fraudulent activities.

I. Fixed Income (FI) Module

KNOWLEDGE

A. Overview of the Money and Capital Markets

B. Mathematics of Investments and Financial Instruments

C. Managing Bank Liquidity

D. Debt Instruments

E. Relationship between Risk and Return

F. Regulations

G. Accounting Standards (PFRS)

H. Market Conventions

SKILLS

A. Analyzing Data and Markets

B. Portfolio Management

ETHICS AND TRADING BEHAVIOR

Code of Ethics Governing Financial Market Activities in the Philippines

The Revised PH Model Code

II. Foreign Exchange (FX) Module

KNOWLEDGE

A. FX Market

B. FX 101

C. Pricing of FX Contracts

D. FX Crosses Computations

E. FX Swap

F. Non-Deliverable Forward

G. Market Conventions

H. Manual of Regulations on FX Transactions (MORFXT)

SKILLS

A. Market Analysis

B. Trading Strategies

ETHICS AND TRADING BEHAVIOR

Code of Ethics Governing Financial Market Activities in the Philippines

The Revised PH Model Code

Successful passers of the Banker’s Association of the Philippines (BAP) Treasury Certification Program (TCP) are accorded with a Certified Treasury Professional (CTP) certification by the BAP, a license that authorizes a market participant to trade with their counterparties. The CTP is a BAP-registered trademark with the Intellectual Property Office of the Philippines.

Mr. Roy B. Lacsamana is a global finance professional with intuitive knowledge, extensive expertise and experience in Treasury, Enterprise Risk Management, Financial Derivatives, Global Trade & Finance, and Elliott Wave Analysis. He is consulted to capacitate firms on:

• Balance Sheet and Economic Capital management
• Trade and Treasury transaction processing and accounting, Operational Risk Management
• Structuring of derivative-based products
• Proprietary trading (Interest Rates, Currencies, Commodities, Credits, Equities), OTC and Exchange-traded
• Market analysis and trading strategies applying the Elliott Wave Principle
• Financial modeling (Market Value-at-Risk or MVaR)
• Formulation of Investment and Enterprise Risk Management Policies (VaR-based limits and triggers)
• Basel-based risk-adjusted pricing and performance metrics

He is a global facilitative trainer for Money & Capital Markets, Foreign Exchange, Basic Financial Derivatives, Enterprise Risk Management, Global Trade & Finance, Elliott Wave Analysis, Counterparty Credit Risk, Credit Valuation Adjustment and All About Market Value at Risk courses, for Central Banks, SEC, universal banks, multinational corporations, local conglomerates, business schools, professional associations, private individuals conducted in key Asian, Middle Eastern and European financial centers. He certifies Money Market and Foreign Exchange traders, 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 and co-author of the BAP Financial Market Risk Reference Manual, The PH Code of Conduct and Market Practices (The PH Model Code) for Treasury Activities.

Builds capacity through 4 cornerstones:
Organizational Development: advises BoD and Senior Management on business re-modeling and LoB refocus,
compelled by Basel Accords

• Talent Development: facilitates learning, develops business managers and subject matter experts
• Business & Product Development: structures products that require lower capital attribution
• Infrastructure Development: streamlines operational processes and procedures

Recent Pushes: Bitcoin and Blockchain, Fundamental Review of the Trading Book (Basel IV), VaR Parity, Financial Literacy for Boomers to Zoomers, eBursa (Simulated Crypto Trading Game)

Recent and Current Engagements:
BASEL IV – FRTB,  IIFRS 17, Trade  Liffe  Cyc;e  (Ops Risk) Direct  RMB/PHP,  JPY/PHP Trading & Domestic Settlement Distributed Ledger Technology Transformation  for  Trade Life Cycle
Risk-Based Supervision , Basel IV and IFRS 9  Adoption  VaR-Parity Strategic  Asset Allocation (Proprietary Model)

Summary of  ‘C’  Positions:

Vice President & Chief Dealer - Citibank, N.A.
Vice President & Chief Dealer - Bank  of the Philippine Islands Senior Vice President Banco Santander Philippines, Inc. Country Treasurer—now BDO Private Bank
President & COO: Philippine Depository & Trust  Corporation  (PDTC)
Deutsche Knowledge Services Country Head (DKS) - Knowledge Management