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

DAY 1

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

DAY 2

D. 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
  practical applications by market participants

E. Front Office and Operations Segregation

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

F. 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

DAY 3

G. Confirmation

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

H. 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.

I. 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

J. 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

DAY 4

K. 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

L. 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

M. 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.

DAY 5

N. 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.

DAY 6

O. Trade Life Cycle (TLC) Simulation

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

DAY 7

Review and Exam

Mr. Roy B. Lacsamana is a global finance professional with real-life expertise, real-world  experience, real-time exemplification in Treasury, Enterprise Risk Management, Financial  Derivatives, Global Trade & Finance, and Elliott Wave Analysis covering: 

• Balance Sheet and Economic Capital management 

• Structuring of derivative-based products 

• Proprietary trading (Interest Rates, Currencies, Commodities, Credits, Equities), Over the-Counter and Exchange-traded 

• Market analysis and trading strategies using the Elliott Wave Principle • Financial modeling (Market-at-Risk or MVaR) 

• Formulation of Investment and Enterprise Risk Management Policies (VaR-based limits  and triggers) 

• Risk-adjusted pricing and performance metrics 

• Trade and Treasury transaction processing and accounting 

Sir Roy is a global instructor in International trade, Money & Capital Markets, Foreign Exchange,  Basic Financial Derivatives, Enterprise Risk Management Elliott Wave Analysis, Counterparty  Credit Risk, and Credit Valuation Adjustment courses, for Central Banks, SEC, universal and  commercial banks, multinational corporations local conglomerates, business schools,  professional associations privates individuals conducted in key Asian, Middle Eastern, and  European financial centers. 

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. 

Recent and Current Engagements: 

BASEL IV – FRTB, IIFRS 17, Trade Life Cycle of a Trade (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: 

“Out-of-town” checks clearing, journal entries preparation, “omni” functions, Export Bill, and Bill  for Collection examination, Import Bill custody, Letters of Credit, Treasury transaction  processing, FCCL/FX blotter reconciliation, budget preparation & analysis, and administration  for COO 

His calling card says 'No PhD, no MBA, non-CFA, non-FRM, non-CPA', He has Real-life  Expertise, Real-world Experience, and Real-time Examples that he will share with you.