Training of the authorised bank workers (Traders) under the confirmed program (training proqram are applied) is spent on a paid basis by employees of the BBVB. The training program consists of two parts: the theory and practice. On termination of training Traders are tested on each of training parts and received certificates on termination of BBVB's courses.
TRAINING PLANS OF COURSES «ORGANIZED INTERBANK MONEY MARKET» AND «EXCHANGE CURRENCY MARKET»
Name of theme
Organized Interbank Money Market (OIMM)
Duration in an hour
Lecturer
TargetGroup
Employees of treasure departments, credit and other structures of commercial banks, engaged in the sphere of credit operations, including in the sphere of interbank crediting, and also the Traders of commercial banks, defined by banks for work at OIMM.
8 hours
Agayev P. Mamedov Z. Pirimova S.
Modules:
Modul 1. Short history of origin and stages of Interbank crediting market development in Azerbaijan. Content: -legal, legislative-normative basis of interbank crediting market, (Collective Agreement, Dealers Council, Position on carrying out of operations at OIMM, normative documents of NBA, contractual relations between BBVB and commercial banks on participation at trading in the off-exchange market of interbank crediting and etc.) - Centralized resources of NBA: granting order to commercial banks by means of auction, normative documents of NBA and BBVB (from March, 1995 till September, 2005). The changed order of granting from outside NBA credit resources (from September, 2005).
1 hour
Mamedov Z
.Adviser of General Manager
Modul 2. Risks, arising at interbank crediting: percentage risk, credit risk. Practice of methodological approach of credit risk rating of bank-contractor, considered as the potential borrower. Risk structurization on contractors, volumes and urgency of crediting. Limitation of risks by means of an estimation of crediting limits.
1 hour
Agayev P. Finance Director
Modul 3. Condition and prospects of development of currency market and interbank crediting market.Content: - The current condition of currency market and interbank crediting market; - Factors, influencing % rates formation of interbank crediting; - % Rates on introduction and attraction of interbank credits; - System of rates indicators of interbank money market: BakiBor, BakiBID; - Market-makers at Interbank Money Market - SWAP operations.
2 hours
Mamedov Z. Adviser of General Manager
Modul 4 Practical Trainings.
4 hours
Pirimova S. Economist of RD
Name of theme
Exchange currency market
Duration in an hour
Lecturer
Target Group
Employees of currency departments, treasuries, and other structures of commercial banks, engaged in the sphere of currency operations, and also Traders of commercial banks, defined by banks for work at the currency market.
8 hours
Mamedov Z. Pirimova S.
Modules:
Module 1. Short history of origin and basic stages of currency market development in Azerbaijan. Content: Legal and legislative acts of regulating of conducting currency operations (Rules of conducting operations with foreign currency by residents of Azerbaijan Republic, existing limitation in conducting operations, Rules of conducting operations with foreign currency by fixing method, Rules of conducting settlings on transactions with foreign currencies at BBVB and other normative documents), organized interbank currency market (OICM)-September 1997-2000, normative documents of OICM.
1 hour
Mamedov Z. Adviser
Module 2. Bourse E-System of Trades (BEST) Content: Preconditions for creation of Bourse E-System of Trades, basic parameters of electronic system, creation of the system and its introduction (2001-2002), system development, as in the trade part, also in the part of settlings (2002-2007), normative documents, regulating of providing operations in BEST.
2 hours
Mamedov Z. Adviser
Module 3 Development of currency market. Content: Necessary measures for liquidity increase of existing financial tools (TOM, SPT, SWAP), exploitation and introduction of new financial tools.
