Course Name

14th Treasury Operations Certificate Program


August 07, 2024 - August 17, 2024

Schedule via Zoom: 

August 7, 8, 9, 10, 15, 16 & 17, 2024

Wednesday, Thursday, Friday, Saturday

9:00 am–5:00 pm

Click here to access the schedule breakdown

Regular Rate:

Php 42,000

Early Eagle Rate:

Php 38,500

Valid Until:

July 24, 2024

14th Treasury Operations Certificate Program


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.

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

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


A. Trade Execution

• Before The Trade
  To map out the steps that a dealer takes before concluding a trade.

• The Trade
   To show how a deal is consummated through various channels, with diverse parties, with different intents    (hedging and speculation).

• After The Trade
   To keep track of MM liquidity and FX positions affected by the trade.

B. Financial Markets Division: The 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 risk management and operational support functions to measure Return on Economic Capital (ROEC), the bank key performance metric.

C. The Global Financial Markets (Part I)

• 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 active risk taking


C. The Global Financial Markets (Part II)

• Derivatives Market
  To discuss the generic types of derivatives: Forwards, Futures, Swaps and Options across select asset classes, and their
applications by market participants

D. Front Office and Operations Segregation

To emphasize the strict segregation of the dealing room and back-office functions as required by regulations

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 such as confirmations, matching, clearing and settlement using Straight-Through Process for sample Money Market and FX transactions


F. Confirmation

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

G. Clearing & Settlement

To demonstrate and emphasize the importance of settlement and payment systems for securities and funds, in local and foreign currencies (e.g., Continuous Linked Settlement or CLS). This covers domestic transfer systems, e.g., PDDTS for USD and RMB as well as the role of a Central Counterparty or CCP to mitigate risks through collateralization and margining.

H. Reconciliation, Investigation & Resolution

To exemplify the matching of two records with the same information (Nostro account ledger and SWIFT statements reconciliation, Multi-currency Subsidiary Ledger and FX blotter 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; to explain in details the straight-line allocation of interest, forward discount/premium on FX contracts and price discount/premium on fixed-income securities


J. Enterprise Risk Management

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

K. Risk Measurement & Management

To expound on Market Value at Risk, Earnings at Risk, Counterparty Credit Risk quantification methodology to measure and manage risk, and to allocate capital for Basel defined risk and measure performance through RAROC or ROEC

L. Best Practices Operations (The PH Model Code)

To use sections of the revised The PH Model Code for Best Practices Operations with stress on market professionalism and integrity, and key processes such as confirmation, settlement, reconciliation and operational risk controls.


M. Basel 7 Ops Risk Events and ORX Risk Taxonomy of 16 Ops Risk Events

To list and describe the Operational Risk Events using Operational Risk Exchange (ORX). The participants will relate the Basel 7 and ORX 16 Ops risk events and identify the risks events from actual Risk Case Studies.


N. Trade Life Cycle (TLC) Simulation

To apply the acquired knowledge and skill sets within near-real market scenarios, using eBursa.


Review and Exam

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.

Register Now