GFTT
Global Financial Training and Technology
A Division of KESDEE Inc.

Asset Liability Management
Program integrates traditional instructor-led training with dynamic, interactive e-learning
Accreditations
CERTIFIED FINANCIAL PLANNER™ Certificant

HURRY!

NEW SEMINAR FEES
US$ 3900 only

Early Bird Discount
US$ 400

Conducted by
S.L. (Sam) Srinivasulu, Ph.D.
Consultant & Trainer for the U.S. Federal Reserve System and leading financial institutions worldwide

Corporate Office
PO Box 910207
San Diego, CA 92191
U.S.A.
Phone: +1-858-755-8527
Fax: +1-858-755-6973
E-mail: information@gftt.com
Web: www.gftt.com

• Web-based interactive exercises, case studies and self-tests
• Access to Web-based Learning Solutions throughout the seminar and for three-months, post seminar
• Discussions of new developments including the impact of Capital Adequacy Proposals
• Global Best Practices and Case Studies

Enclosed in this brochure is a registration form. I invite you to register now and reserve your seat by mailing us the completed form.
Very truly yours,
S.L. (Sam) Srinivasulu

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S.L. (Sam) Srinivasulu, Ph.D., a specialist consultant and trainer in Asset Liability Management, Liquidity Management and Contingency Funding Plan for leading financial institutions worldwide, is the key force behind KESDEE. For over 20 years,
S.L. (Sam) Srinivasulu has been presenting several in-house and public training programs - across the US, Canada, Europe, the
Middle-East, Latin America, Australia and Asia -to global financial executives.

Recently, S.L. (Sam) Srinivasulu successfully completed a five-year assignment with the U.S. Federal Reserve System to provide executive development programs to senior regulators, policy makers and examiners. The course was presented 25 times to over 500 delegates from the U.S. Federal Reserve System. For over 15 years, he has conducted training programs (over 35 times) on Advanced Capital Markets (Mortgage-backed Securities, Derivatives and Risk Management) to the US Department of Treasury/Office of Thrift Supervision. He has also completed a project to design, develop and present programs on ALM for Insurance and Asset Securitization to the Office of the Superintendent of Financial Institutions in Canada (OSFI). The programs were presented several times in Toronto and Ottawa. In addition, he has also conducted public training programs in the U.S. and several other countries.

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Balance Sheet
Balance Sheet Magazine gives you the information and the management tools you need to maximize Balance Sheet profitability. Each issue offers sharply focused advice, analysis, surveys, guidelines and case studies on every aspect of ALM, Balance Sheet and Risk Management. For further information, an online free trial or sample copy, contact fmanks@managementfirst.com or visit our website at www.managementfirst.com

Bondweek
BondWeek (BW) focuses specifically on the U.S. and European taxable fixed income and credit markets. Each weekly issue of BondWeek includes breaking news and analysis of Asset and Mortgage-backed Securities, Investment Grade and High Yield Corporates, Agency and Government Bonds. Regular features include Investment Strategies, Emerging Trends, Interest Rate Analysis and Forecasts, Economic Regulatory Developments and New Technology and how they will affect the U.S. and Overseas Bond Markets. For a free trial subscription please call 212.224.3096 or visit our website at www.bondweek.com

Gtnews.com
Updated weekly, gtnews.com is the number one web site for cash, payments & treasury information. Access hundreds of articles on banking, risk, cash management, working capital, treasury management, outsourcing, capital markets, careers, payments, online trading, and systems, plus job listings, directories, guides, news, Q&A forums & events. GTNews is FREE to read so register today at www.gtnews.com

Inside MBS & ABS
Since 1985 Inside MBS & ABS has been the secondary mortgage market’s premier source of news and data on agency MBS, CMO/REMIC, and private-label MBS markets. The publication offers weekly exclusive statistics of every publicly offered MBS, CMO and ABS security deal as well as the top MBS and ABS underwriters, issuers and rating services. For a free trial subscription call (301) 951-1240, or email service@imfpubs.com or visit us at www.imfpubs.com

Instituto del Riesgo Financiero
Instituto del Riesgo Financiero (IRF) is a specialized consulting firm dedicated to the financial services industries in Latin America and Spain. Based on the management practices promoted by the Basel Committee, IRF offers systems, training, and consulting in: Asset & Liabilities Management, Value at Risk, Credit Risk, Internal Funds Pricing and Budgeting & Control. Our focus is on improving management of balance sheet risk, profitability analysis, adequate derivatives hedging and sustainable growth of economic value and earnings at financial institution throughout Latin America. For more information, contact:
Gonzalo Ruiz, IRF Latin America, gruiz@riesgofinanciero.com URL : www.RiesgoFinanciero.com

Securitization.net
Securitization. Net™ is designed to be a resource for the structured finance industry, providing information from a variety of industry players. Contributing to, using and linking with Securitization. Net™ are all free. To learn about the benefits of free registration, visit:www.securitization.net

Securitizationnews
Securitization News is the one publication that covers the entire global structured finance and securitization markets. Each weekly issue provides the latest news on deals, trends, innovative financing techniques, investment strategies, regulation and other critical issues. Sign up for 4 FREE issues today and find out for yourself how Securitization News will help you increase your business. Call 212-224-3457 or visit our website at www.securitizationnews.com

SunGard Trading and Risk Systems
The BancWare division of SunGard Trading and Risk Systems, is one of the leading providers of high quality, integrated yet flexible and scalable solutions for Asset Liability Management, Financial Planning and Forecasting, Data Management and Performance Measurement. Incorporating over 20 years expertise in Balance Sheet Planning, Income Simulation and Market Valuation, the BancWare solutions coupled with expert consulting services, support a diverse clientele of financial institutions worldwide, to effectively transform raw data into high-calibre actionable intelligence. For more information Please contact bancware.marketing@risk.sungard.com or visit our website: www.risk.sungard.com

Asset Securitization Report
The premier guide to the asset and mortgage-backed securitization industry, Asset Securitization Report (www.ASReport.com) provides comprehensive, in-depth analysis and unique perspective on the emerging securitization markets. Asset Securitization Report features inclusive coverage of the national and international securitization markets as well as a full account of the mortgage-backed securities market. The publication is the leading source of knowledge for market trends, regulations, and developments that affect the entire industry.

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Global Financial Training and Technology (GFTT) is registered as a f-NExT Partner with the Institute of Banking and Finance (IBF), Singapore to provide top quality financial training and education.

The Institute of Banking & Finance (IBF) Council and the Monetary Authority of Singapore (MAS) established the Financial Network for Excellence in Training (f-NExT) initiative to meet the new challenges and address the training gaps in the financial sector. Under the f-NExT initiative, IBF will identify new and emerging needs in the financial industries, develop greater synergies between financial institutions and financial training providers.

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This seminar integrates instructor-led training with interactive e-learning. You will receive:

Instructor-led training
• Pre-course material- Access our online preparation material four weeks prior to the course
• Course binder- A comprehensive set of case studies, exercises and reference material
• Exposure to actual case studies based on our vast consulting experience
• The latest regulations from regulatory institutions worldwide
• Practitioner’s perspective on ALM issues

Post Seminar 3-months FREE Access to e-learning solution
• Dynamic Simulations, Self-Tests and Job Aids
• Interactive exercises and Case Studies
• Several Policy Templates for Balance Sheet Management
• Database of ALM Disclosures/Regulations
• Financial Calculators for Simulation, Duration, Convexity and Value at Risk

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Global Financial Training and Technology (GFTT) is a division of KESDEE Inc. KESDEE develops e-learning solutions based on
in-house, public training programs and consultancy services provided by GFTT for over two decades. GFTT offers a portfolio of reference solutions focusing on Balance Sheet Management of Financial Institutions such as Asset Liability Management, Liquidity Management & Contingency Funding Plan, Capital Adequacy Planning, Asset Securitization, ALM for Insurance, Back Office Operations, and several others. Over 500 institutions and 10,000 professionals world-wide have benefited from GFTTs training programs. The training sessions have received outstanding reviews from well-known finance practitioners.

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Global Financial Training and Technology (GFTT) is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

Program Level: Intermediate, Advanced
Recommended CPE Credits: 28.0
Field of Study: MANAGEMENT- Balance Sheet and Treasury Management Functions of Organizations in the Global Financial Services Industry
Prerequisites: Graduate
Method of Presentation: Instructor-led training with dynamic interactive e-learning
Advanced Preparation: Access to pre-course binder one month prior to the event
Instructional Method: Group live program

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Participants may be eligible for FSDF support on a case by case basis. Please submit applications to the FSDF Secretariat directly. As part of the application and evaluation process, participants will be required to complete and submit an FSDF evaluation form upon completion of course.

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• Federal Reserve System
  
• Office of the Superintendent of Financial Institutions (OSFI) in Canada
  
• New York State Banking Department
• The U.S. Department of Treasury/Office of Thrift Supervision (OTS)
  
• Royal Bank of Canada
  
• UBS
  
• ABN AMRO
  
• American Express
  
• Banco Santander
  
• Banco Bilbao Vizcaya Argentaria
  
• Banco De Galicia YBS Aires
  
• Banco Do Brasil
  
• Bank Boston
  
• Bank of Montreal
  
• Banca Serfin
  
• Banamex
  
• Bancomer
  
• BLADEX
  
• Toronto Dominion Bank
  
• Several delegates from Insurance companies, Mutual Funds, Multinational Corporations and Regulatory Agencies worldwide

Learning with GFTT

Superior quality, credibility and track record

• Reliable source, proven content
  
• Financial industry services focused
  
• Over 500 institutions world-wide have benefited from these programs
  
• Excellent reviews of the programs delivered to the US Federal Reserve System
  
• Unparalleled subject matter expertise
  

Teaching methods

• Role playing and group presentations
  
• Web-based self-tests, interactive exercises, simulations, animations, and graphics
  
• Extensive hands-on calculations and group activities
  

Training philosophy

• Conceptually sound, and practical
  
• Learn by doing: seminars incorporate group exercises
  
• A blend of case studies and lectures
  
• State-of-the-art: includes current developments
  
• Reflects our consulting experiences (actual settings for examples and cases)

Testimonials

• “The pace and content of presentation was very good and provided the level of detail and strategic focus desired. The presenter is very knowledgeable on all aspects and provides “real-life” example to reinforce learning points. An extremely beneficial experience.” - Vice President, ScotiaBank
• “Simply excellent. Have not attended a better one.” — Assistant Vice-President, ABN-AMRO
  
• “The knowledge, competence & communication skills of the trainer are very high.” ANZ Grindlays
  
• “The course was well organized and the materials are very complete and a valuable reference source.” — Senior Vice-President, Banco Popular
  
• “Sam was a marvelous course leader. He’s obviously a seasoned practitioner…” — Vice-President, Bank of America
  
• “The analytical insights given during the program were vividly explained.” - Citibank
  
• “Sam was extremely knowledgeable on all topics covered; he was able to communicate complex ideas in easy-to-understand terms” — Senior Officer, Federal Reserve Bank
  
• “Dr. Srinivasulu has given concrete shape to a concept that in my mind beforehand was merely an abstraction.” - Fortis Finance
  
• “Sam was very explicit and easy to follow. He is truly an expert in the area of ALM.” - Jamaica Mutual Life
  
• “ Sam did a fantastic job. His expertise and experience were clear.”-Morgan Stanley
  
• “Very interesting presentations, enhanced greatly by actual case studies on companies that were up to date” - Petroleum Co. of Trinidad & Tobago
  
• “The very informative course material could serve as a reference guide!” - Societe Generale
  
• “A superb course, the sheer experience & wisdom of Dr. Sam was a real delight.” - Standard Chartered Bank

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• Evolution of ALM from a defensive tool for regulatory compliance and internal control to one of competitive advantage

The Growing Importance of ALM

• Financial Volatility
  
• New Financial Products
  
• Regulatory Developments
  
• Funding and Capital Planning
  
• Liquidity Management

Scope of ALM Function

• Integration of Market Risk and Credit Risk
  
• Interest Rate Exposure Management
  
• Funding and Capital Planning
  
• FX Management
  
• Liquidity Management
  
• Profitability and Growth Management
  
• Trading Risk Management"
  

A 9-Part Framework for ALM

• Strategic Framework
  
• Analytical Systems
  
• Organizational Structure
  
• Operational Arrangements
  
• Technology Platforms
  
• Information Reporting Channels
  
• Performance Measurement
  
• Regulatory Compliance
  
• Control Requirements

Techniques for Interest Rate Analysis

• Gap, Simulation, Duration, Value at Risk, and Match Funding
  
• Comparison of Techniques
  

Gap Analysis

• Mechanics, Assumptions, and Limitations
• How to Represent Derivative Products in a Gap Report
• Illustrations of Actual Gap Reports
• The Relationship Between Gap and Income Statement

Simulation

• Interface with Budgeting/Strategic Planning
• Product Mix/Price Policy Effect
• Black Box and Customized Software
• How to Avoid Analysis Paralysis
• Monte Carlo Simulation
• Option-Adjusted Spread Analysis

Insurance Strategies for ALM

• Business Strategies: Mix/Pricing of Assets, Liabilities
  
• On-Balance Sheet Investment and Funding Strategies
• Off-Balance Sheet Hedging Strategies
• Five strategies for Interest Rate Risk in Portfolio Management:Dedication, Immunization, Indexation, Active Management and Rate Anticipation

Duration and Convexity

• Duration of Single Items, Portfolios, and Balance Sheet
  
• Techniques to Manage Duration of Equity
  

• Measures of Volatility
  
• How to Apply Value at Risk for Banking Book
  
• Management of Foreign Exchange and Other Risks
  
• ALM in a Multi-currency Balance Sheet
  

Liquidity Management

• Funding Liquidity
  
• Trading Liquidity
  
• Contingency Funding Plan
  

Funds Transfer Pricing and Performance Measurement

• Why transfer price?
  
• Global view of Transfer Pricing
  
• General examples
  
• Complex problems
  
• Transfer Pricing for Interest Rate Risk, Options Risk, Basis Risk, and Liquidity Risk
  
• Loan and Deposit Pricing Implications
  
• Segregation of Interest Rate Risk Accountability
  
• Implementation Issues
  
• Current issues
  

Capital Adequacy Planning

• Credit Risk Capital
  
• Market Risk Capital
  
• Risk-Adjusted Return on Capital (RAROC)
  
• Potential Impact of Basel-II
  

Organizational Considerations

• Asset Liability Committees
  
• Role, Composition, and Tasks
  
• Policies and Procedures
  
• Centralization Vs. Decentralization
  
• Examples of ALCO Reports
  
• Guidelines to more effective ALCO Meetings

Software Selection

• Technical, Functional, and Cost Considerations
  

Auditing the ALM function

• Critical Functions/Assumption

Global Best Practices ALM

• Framework for Analysis of Best Practices
  
• Global Database, Surveys and Case Studies
  
• How to Implement Best Practices in Your Institution: Action Plan
  

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CERTIFIED FINANCIAL PLANNER™ Certificant

KESDEE’s e-learning & reference solution on Asset Liability Management meets the requirements of the
Certified Financial Planner Board of Standards for Continuing Education Credits.
Granted CE Credits: 15.0

1. Online Chat
This feature enables users to communicate with other online users. Users can chat, have virtual conferences or even leave messages for offline users.
2. Messaging
Users can correspond with other users, tutors, training managers, content experts and training coordinators through our Inbox /Compose facility. This feature has the option to store contact addresses.
3. Discussion Forum
A virtual feature that enables collaborative interaction between users and tutors for discussion and information exchange.
4. Reports
This feature allows users to keep a track of their progress. Functions such as courses covered, time taken on courses or even attempted exercises with records of the users scores and more, are available.
5. Notepad
Facilitates as a scribble pad to note queries or important facts without interrupting the online training session. Users have an option to also view previous notes.
6. Search
This feature provides users with a quick look up to relevant content pages based on any desired keyword. The search result pages are displayed in the order of relevance most closely matching the keyword entered.
7. Calendar
A personal organizer that permits users to add, modify or delete events for any given calendar day.

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