IFID Brochure

8/10/2019 IFID Brochure

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Course OverviewEstablished for over 30 years as THE qualification for the fixed income market, the IFID programme puts emphasis

on developing practical skills for trading, investment and risk management. This is a demanding, examined course

aimed at developing a broad and in-depth knowledge of the key fixed income instruments, derivatives and markets.

As an intermediate qualification, the IFID certificate syllabus requires that candidates should already have familiarity

with the topics listed below (note that background reading is provided for those who need to review the topics):

Fundamental Numerical Skills

Overview of Financial Markets and Participants

The Main Fixed Income Securities

Course TopicsThe IFID syllabus is organised around five topic session areas with a final exam review to consolidate the learning:

1. Fixed Income Analysis.

1.1. Bond markets, pricing and yield

1.2. Yield curve dynamics

1.3. Spot and forward yields

1.4. Interest rate futures

1.5. Interest rate risk

2. Rates Trading and Hedging.

2.1. Securities financing

2.2. Outright and spread trading

2.3. Bond futures

2.4. Swaps

2.5. Options

3. Structured Securities.

3.1. Callable/putable bonds

3.2. Convertible bonds

3.3. Inflation-linked bonds

3.4. OTC structures

4. Credit Analysis and Products.

4.1. Corporate bond analysis

4.2. Credit derivatives

4.3. Structured credit products

5. Portfolio and Risk Management.

5.1. Portfolio Construction

5.2. Risk Management

I found the IFID Certificate extremely relevant and very satisfying and one of the only courses available

with such a market orientation focus.

Kim Andersen, Portfolio Manager, Danmarks Nationalbank


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The IFID is available in two formats:

Classroom-based:1 week course in April (Europe) and October (Europe). This

course is conducted at a hotel, but is non-residential, so delegates are responsible

for their own accommodation costs. Lunches, coffee breaks and course

binders/handouts areincluded in the course fee.

Distance Learning:Total flexibility as candidates work in their own time

(subject to a six month exam deadline)

Both formats entitle registered candidates to access the online Campus

for course preparation. Candidates will be awarded the IFID Certificate upon

successful completion of the IFID examination, which is jointly granted by ICMA

and the University of Reading.

Target Audience

The programme is designed for people in an analytical or trading role

at either a bank or investment management firm. It has also become popular

with companies that provide services to the financial markets such as consultants,

financial IT service companies, exchanges and central securities depositories.

The course is open to ICMA members and non-members.

Programme Recognition

The IFID is included on the UKs Financial Skills Partnership (FSP) qualificationslist for Advising on securities in the wholesale market place and Advising on

derivatives in the wholesale market place.

IFID candidates also qualify for 30 credit hours under the guidelines of the CFA

Institutes Continuing Education Programme.

Course Content and Format

Having participated in different types of executive education, it's fair to say that the IFID is by far the best

value-cost you can get these days, an absolute must in the Fixed Income business

Jos Flix Magaa, Treasurer, Central American Bank for Economic Integration (CABEI)


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David Oakes:trained as an economist at the London School of Economics and

was lecturer in finance at the University of Exeter and Warwick Business School

before joining the ICMA Centre at the University of Reading as Director of

Academic and Professional Education in 1998. He co-ordinated ICMA Executive

Education programmes from 1994-2004. David left the Centre in 2004 to set up

Dauphin Financial Training Inc., which delivers advanced financial markets training

to investment banking clients in New York and around the world.

Gail Rolland:has ten years of fixed income experience in London and New York in

the areas of sales and trading and new product structuring. Since the mid-1990s

she has worked with ICMA Executive Education in addition to running her own

financial markets training firm and has particular expertise in advising the

insurance industry on capital market investment strategies. Gail is also the

online tutor for the IFID Certificate Programme.

Neil Schofield:Neil is a Visiting Fellow at the University of Reading and is a

freelance training consultant. From 2001 to 2008, he was global head of financial

markets training at Barclays Capital in London. He was responsible for the design

and delivery of a large number of seminars in a variety of different asset classes to

many different audiences. Previous to that he was a director at Chisholm Roth

training in London and has also held positions at Chase Manhattan Bank as well as

Security Pacific Hoare Govett (now trading as Bank of America). Neil has over 20

years of experience in financial markets. In 2008, he published his first book

Commodity Derivatives and his second text Trading the Fixed Income, Inflation

and Credit Markets was published in 2011. He is currently co-authoring a book on

Inflation entitled Trading Inflation: Markets, instruments and strategies, which is

due for publication in 2013.

Programme Speakers

The IFID course was a review to all of my daily business from bond and money market instruments

to understanding how to use them effectively. I can easily see this worth the money.

Jarkko Ruokonen, Markets Dealer, Pohjola Bank plc


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Course Information and Registration

Very happy with the IFID content that provided a global overview of the fixed income markets and I learnt a lot

from the interesting variety of speakers

Thomas Rochez, Exotic Rates Trading, Fortis Bank

Fees

Classroom-based

The cost is GBP 3,000 for ICMA members and GBP 3,900 for non-members

with further discounts as follows:

2 to 4 candidates 5% discount each*


10+ candidates 15% discount each*

*Please note that discounts are applied by way of a refund to the organisation when registration

has closed and the final number of candidates from the firm has been determined.

This course is conducted at a hotel, but is non-residential, so delegates are

responsible for their own accommodation costs. Lunches, coffee breaks and course

binders/handouts are included in the course fee.

Distance Learning:

The cost is GBP 1,500 for ICMA members and GBP 1,950 for non-members

with further discounts as follows:


5+ candidates 10% discount each*

*Please note that discounts are applied by way of a refund to the organisation when registration

has closed and the final number of candidates from the firm has been determined.

Payment can be made by secure online credit card or by invoice. Please notethat selecting the invoice method will add GBP 50 (administration fee) to the

course price.

Further Information and Course Registration

To register please use our online registration system:

www.icmacentre.ac.uk/exec_registration

For any questions about the course, please contact:

David Senior

Business Development Director

Email: [email protected]

Tel: +44 (0)20 7213 0329


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International Capital Market Association

(ICMA)

Talacker 29

PO Box CH-8022 Zurich

Switzerland

Tel: :+41 (0)44 363 4222

Fax: +41 (0)44 363 7772


www.icmagroup.org

International Capital Market Association Limited

(ICMA Ltd)

23 College Hill

London EC4R 2RP

UK

Tel: +44 (0)20 7213 0310

Fax: +44 (0)20 7213 0311


www.icmagroup.org

ICMA Centre

Henley Business School

University of Reading

Whiteknights

Reading RG6 6BA, UK

Tel: +44 (0)118 378 8239

Fax: +44 (0)118 931 4741

www.icmacentre.ac.uk

The ICMA Centre, University of Reading has an international reputation for providing

quality teaching programmes tailored to the capital markets industry. Established in

1991 with funding provided by the International Capital Market Association (ICMA),

the Centre is housed in a purpose-built modernist building with state-of-the-art

facilities including two dealing rooms. In 2008, ICMA enabled an expansion

to the building that now includes an additional 50 seat dealing room, 170 seat

lecture theatre as well as new seminar rooms and a dedicated research area.

ICMA Centre

The International Capital Market Association (ICMA) is a unique organisation

and an influential voice for the global capital market. It represents a broad range

of capital market interests including global investment banks and smaller regional

banks, as well as asset managers, exchanges, central banks, law firms and other

professional advisers. ICMAs market conventions and standards have been the

pillars of the international debt market for over 40 years.

The International Capital Market Association

ICMA Executive EducationFor many years ICMA Exective Education has made investment in executive

education for the financial markets a priority. Its courses are administered and

overseen by the ICMA Centre at Henley Business School, University of Reading.

Five Certificate Programmes are offered:

Financial Markets Foundation Course (FMFC)

Securities Operations Foundation Course (SOFC)

International Fixed Income and Derivatives (IFID) Certificate

Operations Certificate Programme (OCP)

Primary Market Certificate (PMC)

All are r ecognised as certificates of competence in the capital markets and are

successfully completed by large numbers of international participants each year.

Documents

IFID Brochure