Collateral Management

This course looks at Collateral Management in OTC Derivatives as well as Repos and Securities Lending and Borrowing.

Course Overview

This course looks at Collateral Management in OTC Derivatives as well as Repos and Securities Lending and Borrowing. Risk identification, Control, Documentation, types of collateral, gross and net exposure and other practical aspects are covered as well as the conceptual framework and practical problems for example the treatment of corporate actions on a borrowed or lent position.

Enrol now

Who should enrol?

This is an Intermediate to Advanced Course.

Money Market and Interest Rate Sales
Interest Rate Derivatives Traders
Institutional Fixed Income Asset Managers
Structured Product Sales Teams
Corporate and Investment Banking Staff
Legal and Compliance Teams
Senior Dealers

Course curriculum

1. Course Overview & Resources
1. Introduction
2. Benefits of collateralised trades
3. Why does collateral management exist
4. Fundamental concepts
5. Basic definitions and concepts
6. Collateral in focus
1. Initial margin and haircuts
2. The impact of haircuts on margin
3. Haircuts - Initial margin of a repo
4. Variation maintenance margin of a classic repo
5. Early termination and repricing of a sell / buy back repo
1. Collateral and the generic cash flow cycle
2. Life cycle of collateral
3. Collateral life cycle example : Classic Repo
4. Life Cycle example continued : Additional Considerations
5. Life Cycle : Significant Issues
1. Principals of Collateral Optimisation
2. Importance of Collateral and Collateral Optimisation
3. Risks to Collateral Optimisation
1. Collateral scarcity and velocity
2. Collateral Scarcity & the Impact of re-use
3. Collateral Velocity
4. Collateral Re-use and Re-hypothecation
5. Risks Associated with Re-use and Re-hypothecation
6. Collateral Swaps
1. Typical transactions requiring Collateral
2. Securities Lending
3. Repos
4. Secured Cash Borrowing
5. OTC Derivatives
6. Foreign Exchange
1. Standard Portfolio Analysis of Risk (SPAN)
2. VaR vs Expected Shortfall (CVaR)
3. Historical Simulation
4. Standard Initial Margin Model (SIMM)
1. Margin Period Risk (MPR)
2. Impact of Netting
3. Risk Valuation Assumptions and Implications
1. Initial Margin Regulation
1. Implementation Roadmap
2. Implementation Check List
1. Congrats! Heres's what's next...
2. Before you go...

About this course

$499.00
44 lessons
4 hours of video content

Topics covered

The importance of collateral
Measuring credit exposure and Regulatory impact
Transactions that require colateral and Initial margin methodologies
Collateral optimization
Collateral scarcity and velocity
Collateral and the liquidity cycle

Pricing

$499.00

Regular price

Get started now

Need to train your team?

Train any number of team members across any number of departments for 12 months when you sign up for our corporate license offer, click below to get in touch with our team.

Get in touch

Instructor

Meet who you will learn with

ACI DC Accredited Instructor

Course Director

Your ACI Dealing Certificate preparation is guided by ICAP Training Solutions' team of ACI-accredited instructors, together with our purpose-built AI Tutor - trained on the full ACI Dealing Certificate syllabus and the practical experience of senior financial markets professionals. This pairing brings decades of hands-on treasury, FX and money markets expertise from major South African and international banks directly into your study plan, combining real-world judgement with structured, exam-focused coaching available whenever you need it.

Discover your potential, starting today

Enroll today