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(formerly known as the General Certificate Programme - GCP)
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Course Overview
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Established for over 30 years as THE qualification for the fixed income market, the IFID training 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 .
The syllabus contains five topic sections:
• Fixed income analysis
• Rates trading and hedging
• Structured securities
• Credit analysis and products
• Portfolio & risk management.
As a second-level qualification, the IFID certificate syllabus requires that the candidates should already have some familiarity with the below listed topics (note that Background Reading is provided on the below topics for those who wish some reading on any of the topics).
• Fundamental Numerical Skills
• Overview of Financial Markets and Participants
• The Main Fixed Income Securities
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"ICMA Education combines a top calibre academic faculty and financial practitioners from the huge ICMA membership base to deliver world class and intellectually stimulating training. By blending input from the banking sector and academic world, I believe the IFID syllabus provides candidates a comprehensive understanding of cash and derivative fixed income securities and their markets. It is a well respected training programme, having gained strong regulatory recognition. IFID has obtained "appropriate exam status" at the retail and more recently "recommended exam staus" at the wholesale level for securities and derivatives within the United Kingdom."
Brian Lawson, Co-Head Equity and Fixed Income Syndicate, Nomura International plc
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Click here to download the detailed IFID syllabus
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IFID syllabus
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351.4 KB; 50 secs @ 56k
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IFID news September 2006
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September 20 The United Kingdom’s Financial Services Skills Council (FSSC) today announced that the ICMA Centre, part of the University of Reading, is the first Higher Education (HE) institution successfully to submit a qualification for inclusion on the appropriate exam list.
ICMA’s International Fixed Income and Derivatives (IFID) Certificate Programme has just met the FSSC’s strand 3 appropriate exam standards for Securities and Derivatives. The ICMA Centre is both the first HE institution to apply for an exam submission and the first institution to meet the FSSC’s new Securities and Derivatives exam standards.
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Target Audience
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The training programme is primarily intended for client or market facing positions in fixed income within a bank or fund manager although is becoming increasingly popular with middle-office and operations managers who require greater product and market knowledge.
The training course is open to ICMA Members and non-members.
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Course format
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Offered in two formats:
• in a 1-week on-site Residential course twice a year, in April and October
• in a Distance Learning format
Both formats entitle registered candidates to access the On-line Campus for course preparation. Candidates will be awarded the ICMA IFID Certificate upon successful completion of the IFID examination, which is jointly granted by ICMA and the University of Reading.
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Benefits
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IFID certificate holders
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