CFA SINGAPORE RESEARCH PROGRAMME* (IBF Level 1 & 2)

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1 CFA SINGAPORE RESEARCH PROGRAMME* (IBF Level 1 & 2) INCORPORATES THE PREPARATORY COURSE FOR THE CFA LEVEL 1 & 2 EXAMINATION The CFA Singapore Research Programme helps prepare graduates, young and mid-career professionals for entry level research analysts positions. It is ideal for anyone seeking employment and a career in investment research or a related field as they work towards a goal of attaining the CFA and becoming an IBF-certified practitioner. The CFA Singapore Research Programme (IBF Level 1) and CFA Singapore Research Programme (IBF Level 2) are developed for CFA Level 1 and Level 2 examination candidates respectively. Course participants taking the CFA Singapore Research Programme (IBF Level 2) mostly have some Finance or Investment sector experience and prior completion of the IBF Level 1 programme is preferable although not a must. ABOUT CFA & IBF Standards The Chartered Financial Analyst (CFA) Program is a globally recognized, graduate level curriculum that provides a strong foundation of real-world investment analysis and portfolio management skills along with the practical knowledge you need in today s investment industry. It also emphasizes the highest ethical and professional standards. The IBF Standards (previously the Financial Industry Competency Standards or FICS) represent a set of competency standards developed by the industry, for the industry. It provides a practice-oriented development roadmap for financial sector practitioners to attain the necessary training to excel in their respective job roles. The Research job role refers to the conduct of fundamental analysis on companies globally, providing institutional and retail clients with industry-specific and in-depth research and analysis on diversified industries. ABOUT IBF Certified Practitioner An IBF-certified practitioner is one who epitomizes the values of professional excellence, integrity and a strong commitment to industry development. Further information on IBF certification can be found at MINIMUM ADMISSION REQUIREMENTS Bachelor Degree or the equivalent. Applicants are required to submit their University transcripts. For more information, please call us at and us at programs@cfasingapore.org * Funding is available upon criteria fulfillment

2 Upon completion of the programme, participants would have adequately covered the following Competency Units in Financial Markets : Research ( Level 1 & 2 ) and will expect to receive a Certificate of Completion. Competency Units in Financial Markets: Research (Level 1) CU1 CU5 CU6 Perform Research and Analysis 1.1 Gather, Review, and Analyze Key Information Acquire and Apply Financial Services Industry and Product Knowledge 5.1 Demonstrate Understanding of General Principles of Financial Services Industry and Products Comply with Financial Services Legislations, Regulations and Industry Codes of Practice 6.1 Identify and Comply with Legislative, Regulatory and Industry Requirements 1.2 Analyze Financial Statements 5.2 Keep Abreast of Changes and Development in Financial Services Industry and Product Knowledge 6.2 Keep Abreast of Changes of Relevant Laws and Regulations and Understand Its Implications Competency Units in Financial Markets: Research (Level 2) CU1 CU2 CU5 CU6 Perform Research and Analysis Formulate Investments Recommendations Acquire and Apply Financial Services Industry and Product Knowledge Comply with Finaicial Services Legislations, Regulations and Industry Codes of Practice 1.1 Gather, Review, and Analyze Key Information 2.1 Apply Various Valuation Techniques in Conducting Asset or Industry/Company 5.1 Demonstrate Understanding of General Principles of Financial Services 6.1 Identify and Comply with Legislative, Regulatory and Industry Requirements Valuation Industry and Products 1.2 Analyze Financial Statements 2.2 Prepare Up-to-date Investment Reports 5.2 Keep Abreast of Changes and Development in Financial 6.2 Keep Abreast of Changes of Relevant Laws and Services Industry and Product Regulations and Understand Knowledge Its Implications 1.3 Develop Financial Models LEVEL 1 COURSE STRUCTURE AND OUTLINE MODULE A: CORE PROGRAMME (66.5 CONTACT HOURS) Ethics & Professional Standards Quantitative Methods Economics Financial Reporting & Analysis Corporate Finance Equity Investments Fixed Income Investments Derivative Instruments Portfolio Management & Alternative Investments MODULE B: APPLIED FINANCIAL STATEMENT ANALYSIS (14 CONTACT HOURS) AnalyzingFinancial Statements from a Real WorldPerspective Identifying and Applying Financial Information Key Concepts in Accounting and Financial Statement Analysis Interpreting Financial Statements and Ratios Translate Annual Report into a Spreadsheet Model MODULE C: SPECIAL TOPICS (17.5 CONTACT HOURS) Technical Analysis Forex, Commodities and Collective Investment Schemes Financial Industry Overview Rules and Regulations for Financial Services Professionals COURSE DELIVERY Module A which spans over 19 sessions helps participants to prepare for the Level 1 CFA examination. Each session is 3.5 hours and seminar groups are kept at an optimal size to encourage active engagement and interaction between instructors and participants through short discussions and practice questions on key concepts. Module B will be conducted over 4 workshop sessions to hone the participants practical analysis financial information and statements. Module C will be covered over 5 seminar sessions and it aims to equip participants with further product knowledge on technical analysis, foreign exchange, commodities and collective investment schemes. Participants also get an insight to the overview of the financial system.

3 LEVEL 2 COURSE STRUCTURE AND OUTLINE MODULE A: CORE PROGRAMME (66.5 CONTACT HOURS) Ethics Quantitative Methods Economics Financial Reporting & Analysis Corporate Finance Equity Investments Alternative Asset Valuation Fixed Income Investments Derivative Instruments Portfolio Management MODULE B: APPLIED FINANCIAL STATEMENT ANALYSIS (28 CONTACT HOURS) Building the Basic Model: Translating Financial Documents into Working Spreadsheet Model Forecasting: Extrapolating Income Statement, Balance Sheet, Cashflow into the Future Valuation: Four Major Approaches to Valuation, and Practical Considerations Risk Assesment: Discussing Various Dimensions of Risk Practical Session: Using disclosed financial data to model, forecast and value a listed stock MODULE C: SPECIAL TOPICS (17.5 CONTACT HOURS) Technical Analysis Forex, Commodities and Collective Investment Schemes Financial Industry Overview Rules and Regulations for Financial Services Professionals COURSE DELIVERY Module A prepares participants for the Level 2 CFA examinations. It spans over 19 sessions and each session is 3.5 hours. Each session is delivered in a seminar format and every group is kept at an optimal size to encourage active engagement and interaction between instructors and participants through short discussions and practice questions on key concepts. Module B will be conducted over 8 workshop sessions to hone the participants practical analysis financial information and statements. Module C will be covered over 5 seminar sessions and it aims to equip participants with further product knowledge on technical analysis, foreign exchange, commodities and collective investment schemes. Participants also get an insight to the overview of the financial system. IBF Standards Training Scheme (IBF-STS) This programme has been accredited under the IBF Standards, and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met. Candidates are advised to assess the suitability of the programme and its relevance to participants business activities or job roles. IBF-STS provides 70% funding for direct training costs subject to a cap of S$7,000 per candidate per programme subject to all eligibility criteria being met. For more information on funding, IBF Certification and Continuing Professional Development (CPD) requirements, please visit: Who Is Eligible? Individual Track Non-company sponsored individuals who are Singapore Citizens or Singapore Permanent Residents and physically based in Singapore. Company-Sponsored Track Singapore-based financial sector entities (1) sponsoring staff for qualifying training programmes: - Financial Institutions; and - Other entities regulated by The Monetary Authority of Singapore (either licensed or exempted from licensing) To be eligible for IBF-STS funding, sponsored staff should be: (i) A Singapore Citizen or Singapore Permanent Resident; (ii) Of executive level (2) and involved in or supporting financial sector activities; (iii) Physically based in Singapore. (1) Entities who are significantly involved in supporting financial sector activities will be assessed for eligibility on a caseby-case basis. (2) Sponsored staff may be either permanent or contract ( 1 year) staff, and engaged either on a full or part-time basis.

4 CFA SG Research Programme (IBF Level 1 & 2) What is included in the programme: Classes and Powerpoint handouts - Module A (19 sessions * for Level 1 ; 19 sessions * for Level 2); - Module B (4 sessions * for Level 1 ; 8 sessions * for Level 2) and - Module C (5 sessions*) * Each session is 3.5hrs Schweser Essential Study Package (SchweserNotes TM, SchweserPro TM Qbank; Practice Exams, Vol. 1 & 2 (6 full-length exams); Schweser's QuickSheet and Schweser Study Calendar) Course Fees CFA SG Research Programme (IBF Level 1/2) Documents required: Level 1 2 Total Course Fees Total Course Fee Funding Applicable (inclusive of GST) - Funding S$ 6,400 S$ 4,480 S$ 1,920 (S$ 5,760 for members) (S$ 4,032 for members) (S$ 1,728 for members) S$ 7,300 S$ 5,110 S$ 2,190 (S$ 6,570 for members) (S$ 4,599 for members) (S$ 1,971 for members) 1. A clear copy of your Identification Card (front and back) 2. A clear copy of your Bachelor s Certificate and Transcript 3. Registration form 4. Resume (required for Level 2 only) Programme Terms and Conditions Online Video Lectures General: included 1. Participants are required to submit feedback for every sessions. 2. Participants are required to meet a minimum of 75% attendance. 3. Fees excludes CFA Institute examination and registration fees. Please refer to CFA Institute website for more information. 4. The programme requires a minimum of ten (10) confirmed registration to start the class. It will be at the sole discretion of CFA Singapore to start the class if it could not meet the minimum requirement. 5. No deferment / extension of the program is allowed. 6. Total course fee is payable upon registration. Instalment plans with DBS credit cards are available. 7. CFA Singapore may impose additional requirements or make changes to existing requirements, without prior notice. 8. Participants are required to declare any receipts of any previous or other grants or subsidies, provided either by FSDF and/or other government agencies, for the claims. Failure to do so will result in rejection of claims during submission. 9. By signing and submitting this form, I consent to CFA Singapore collecting, using, disclosing and processing my personal data for purposes related to the administration of the registration for the class and to send me updates informing me of future activities. Refund Policy: Any notice of withdrawal must be given in writing via mail/ 1. Full refund for notice given more than 2 weeks before commencement, subject to administrative fee % refund of the programme fee if notice is given between 1-2 weeks before commencement. 3. No refund will be made if notice is given less than 1 week before commencement, or after commencement of the programme. 4. Study materials are refundable only when the packaging remains intact and before commencement of programme. Payment Option: Should I choose Payment Option 2, I am liable to pay the balance amount (2 nd payment) of the Research Programme on 4 th April 2016 onwards. In the event that I fail to complete the training and/or fulfil the IBF-STS funding criteria as stipulated in the Research Programme OR withdraw from the Programme before its completion, I understand that CFA Singapore has the right to recover the full course fees of the Programme. I also agree to a one time administration fee of $50 when I sign up for Payment Option By selecting the Credit Card Payment Option, I authorize CFA Singapore to charge my credit card account for the balance amount (2nd Payment) when it is due. CFA Singapore is not required to seek further authorization from me at that point in time. I understand and agree to the programme terms and condition stipulated above. Signature: Date : Updated on 20 Jan 2016

5 Registration Form for CFA SG Research Programme (IBF Level 1 & 2) Programme (Please tick accordingly): CFA SG Research Programme (IBF Level 1) CFA SG Research Programme (IBF Level 2) Personal Particulars Name (as in NRIC): NRIC: Associate Membership no.: CFA ID.: Contact phone: Intake Jun / Dec 20 Nationality: Gender: M / F Class: Mailing Address: Postal code : Employer: Designation: Highest Qualification: Where / How did you first know about our CFA classes? (You may tick more than one option below) Info Session / Preview Lecture er CFA Singapore Website Google Ads Friends / Relatives Others, please specify Payment Option 1: Full Payment of S$ Cash Cheque no.: (Cheque made payable to CFA Singapore ) Credit card (Visa / Mastercard / AMEX) DBS / POSB credit card 6-months interest free instalment plan I, hereby authorize CFA Singapore to charge my credit card Credit card (Visa / MC / AMEX) Expiry: / 20 for the amount S$ Payment Option 2 : Payment in stages ( $50 administrative fee is applicable, not available for cash or cheque payment) 1st payment (Payable upon registration) 50% of total Course Fee : S$ 2 nd Payment (4 th April 2016 onwards) Balance50% oftotal Course Fee: S$ Total Payable : S$ Credit card (Visa / Mastercard / AMEX) DBS / POSB credit card 6-months interest free instalment plan I, hereby authorize CFA Singapore to charge my credit card Credit card (Visa / MC / AMEX) Expiry: / 20 for the amount S$ in 2 stages stipulated above. I understand and agree to the programme terms and condition stipulated on the overleaf. Signature: Date: Please visit : 10 Shenton Way, #13-02 MAS Building, Singapore for registration of the classes, payment and collection of the course materials Enquiries : / programs@cfasingapore.org Please send registration form to classes@cfasingapore.org Updated: 20 Jan2016 CFA Singapore 10 Anson Road, #25-09 International Plaza Singapore Tel : GST Registration No: M T UEN Ref : S87SS0137H