1. New Operations Certificate Canada Sharon Grewal Chair, Canadian Committee for Professionalism A sub-committee of the Canadian Foreign Exchange Committee

2. www.aciforex.com Why a new Certificate? ACI education constantly reflects the changing requirements of our industry Stronger competition amongst market participants Range of new supervisory regulations Need for a front to end treasury view in terms of process New target groups can be addressed

3. www.aciforex.com What is new? Old topic baskets updated or restructured according to changing market requirements and supervisory regulations Now more - Risk Management - Money Market - Derivatives - Controls - Compliance and Documentation across FX

4. www.aciforex.com What is new? New topic baskets - Overall financial market and front to end treasury view - Short-term notes and bonds The number of questions in the examination has increased from 60 to 80

5. www.aciforex.com What are the benefits? Enables candidates to keep up with the latest developments in the financial markets Increases skills and knowledge and prepares for future positions Supports candidates to cope efficiently with stronger competition Helps candidates to co-operate with supervisory and regulatory bodies

6. www.aciforex.com What are the benefits? Helps candidates to develop a front to end treasury view in terms of process Builds understanding between the trading community and operations staff Enhances the performance of market participants

7. www.aciforex.com Who are the target groups? Operations staff with at least two years of experience Operations Department Seniors Other trading room support areas Internal and external auditors Compliance and risk officers Product control Vendors

8. www.aciforex.com Any further particulars? Operations Certificate set up together with Frankfurt School of Finance & Management Available since August 2007 at Prometrics test centres Price is 250 € plus VAT at the local rate Replaces the old Settlements Certificate which expires at the end of December 2007 More information at www.aciforex.com

9. www.aciforex.com Who to contact? ACI Head Office in Paris at www.aciforex.com Sharon Grewal, Chair, Canadian Committee for Professionalism, sharon.grewal@cibc.ca