FX Global Code 1-Day Workshop

FX Global Code

What is it about?

According to the FX Global code, the Code is a set of global principles of good practice in the foreign exchange market. It has been developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market (FX Market).

It is intended to promote a robust, fair, liquid, open, and appropriately transparent

market in which a diverse set of Market Participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.

Program structure

The program will consist of 6 sections each covering of a number of principles that support the leading principle in each section.
Concepts in each of the principles will be cemented using practical examples and exam type questions during the session.

Upon registration, delegates will receive a copy of the PowerPoint presentation together with a copy of the latest version of the FX Global Code.
This program qualifies for Continuous Professional Development

Program Timeline

Session	Title	Content
Introduction	Why the FX Global Code?	The Code is intended to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of Market Participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour
1.	Ethics	The ethical and professional behaviour of Market Participants underpins the fairness and integrity of the FX Market. The exercise of judgement is central to acting ethically and professionally, and Market Participants (meaning both firms and their personnel) should be guided in doing so by the high-level principles below, both when applying the specific guidance in the Global Code and at all times when participating in the FX Market.
2.	Governance	Market Participants are expected to have a sound and effective governance framework to provide for clear responsibility for and comprehensive oversight of their FX Market activity and to promote responsible engagement in the FX Market.
3.	Execution	Market Participants are expected to exercise care when negotiating and executing transactions in order to promote a robust, fair, open, liquid, and appropriately transparent FX Market.
4.	Information Sharing	Market Participants are expected to be clear and accurate in their communications and to protect Confidential Information to promote effective communication that supports a robust, fair, open, liquid, and appropriately transparent FX Market.
5.	Risk management and Compliance	Market Participants are expected to promote and maintain a robust control and compliance environment to effectively identify, manage, and report on the risks associated with their engagement in the FX Market.
6.	Confirmation and Settlement Processes	Market Participants are expected to put in place robust, efficient, transparent, and risk- mitigating post-trade processes to promote the predictable, smooth, and timely settlement of transactions in the FX Market.

André Kurten

André holds BCom Honours degree from UNISA and is a CAIB (SA) with the Institute of Bankers in SA.

André is a Fellow of the South African Institute of Financial Markets and has served as a Governor on the board for over 17 years. He has extensive knowledge of banking, treasury and finance products.

André worked in the treasury at Nedcor for 9 years, where he traded money and bond markets. While at Nedcor, he was instrumental in establishing the interest rate derivative trading desk. André worked at two major interdealer brokers as a Director responsible for Interest rate derivative broking.

André worked at ABSA as Head of their agricultural derivatives trading desk in 1994. During his time at ABSA, André sat on the executive committee of the SA futures Exchange Agricultural Markets Division.

André worked for the SA Futures Exchange for a year as Assistant General Manager responsible for interest rate product development.

The ACI Financial Markets Association recognizes André as a training provider for both the ACI Dealing and Operations Certificate programs.

André has been training for 16 years and is extensively traveled having facilitated workshops and training interventions for many of the large multinational financial institutions from introductory to advanced level in Singapore, Hong Kong, Dubai, Oman, KSA, Malaysia, China, Sri Lanka, India, Pakistan, Uganda, Malawi, Zimbabwe, Zambia, Namibia, Kenya, Nigeria, Ghana, and South Africa. He consults to a number of companies on treasury product implementation and hedging.

André has conducted over 100 ACI Workshops internationally with an outstanding first time pass rate for both the ACI Dealing and Operations certificate.

André authored a book titled “Introduction to Derivatives – A South African Perspective”.

Methodology

The workshop will be offered online whereby a delegate whose attendance has been confirmed in writing will receive by email –

a copy of the power point slides to be used in the workshop
a link to join the online workshop at the set time

CPD

CPD for FAIS purposes
This workshop provides verifiable CPD points in terms of the Determination of Fit and Proper Requirements for Financial Services Providers, BN 194 of 2017, provided that the content is appropriate for your role within the company. A certificate of attendance will be issued that could be submitted to your company’s compliance officer. The number of verifiable CPD hours will be up to 6 hours.

CPD for SAIFM members’ purposes
This workshop provides verifiable CPD points in terms of the CPD policy of SAIFM provided that the content is appropriate for your current or future role within the company. A certificate of attendance will be issued, which should be retained and submitted should you be selected for a SAIFM member CPD audit. The number of verifiable CPD hours will be up to 6 hours.

Queries

All bookings and enquiries can be directed to Melissa Joao: melissa@saifm.co.za / 011 802 4768

DATE 2 October 2024

TIME 09H00 – 15H00

COST
SAIFM Full members pay R5051.95 per person (Inc. VAT)
SAIFM Affiliate members pay R5531.50 per person (Inc. VAT)

KINDLY NOTE: Closing date for bookings and receipt of payment is 21 September 2024.

Please click here to view the workshop delegate terms and conditions.

FX Global Code

Program structure

Program Timeline

André Kurten

Queries

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