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Course overview
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The Financial Markets Foundation Course (FMFC) is a first level (introductory) qualification intended for anyone entering into a career in the financial markets. It does not assume any prior study or work experience other than a general knowledge of mathematics such as basic algebra and statistics. For those without that quantitative background, pre-course reading with a further bibliography is provided to allow candidates to acquire that knowledge directly.
The training program is intended to provide ‘breadth of knowledge’ to make it relevant to people pursuing careers in the front office, middle office and operations areas. Although not a formal pre-requisite for any other ICMA training course, it would provide useful background study for those taking the following ICMA intermediate courses, in particular:
• The International Fixed Income and Derivatives (IFID) Certificate Programme.
• The Operations Certificate Programme (OCP)
• The Primary Market Certificate (PMC)
The Certificate places an even emphasis on introducing and explaining the key concepts of each subject area and then developing practical knowledge and skills of each area. This reflects the fact that it is both introductory, requiring the introduction and explanation of key concepts, but also intended for market practitioners requiring applied thinking.
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Target Audience
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The FMFC is intended to be relevant to a wide range of job functions and areas; anyone who would benefit from an understanding of markets, participants and products – and how they all come together.
Candidates will come from organisations involved in both the sell-side and buy-side of the industry plus insurance, accounting, IT firms supporting the industry and the financial press.
The course is open to ICMA Members and non-members.
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Course Content and Format
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The FMFC syllabus is organised around three broad subject areas with a final review session to consolidate the learning ahead of the exam:
I. Overview of Financial Markets and Participants: Explore the nature of savings and flow of funds in an economy and the principle participants and their motivations.
II. The Main Financial Securities: the focus here is on the understanding the principle asset classes and basic valuation models.
III. Exam Review: the review will relate the content to current events to help put the material in context to what is happening at the time.
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The FMFC certificate is a two and one half day taught course with pre-course reading for those who wish to review algebra and statistics. It is delivered in ten sessions with two additional 60 minute review sessions at the end of days one and two. On the afternoon of the third day candidates sit the exam, which is comprised of 50 multiple choice questions.
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Accreditation
The ICMA Financial Markets Foundation Course is an accredited course under the Solicitors Regulation Authority (formerly The Law Society’s) CPD Scheme. Solicitors may claim 16 hours CPD credit for their attendance on the full course programme.
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Programme Director and Speaker
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John D. Evans CFA: is a full-time member of the academic staff of the ICMA Centre, University of Reading. He is the Programme Director for the Centre's MSc Investment Management and is also Programme Director for the ICMA IFID certificate programme. Prior to academia, John spent twenty years in the fixed income market on Toronto, New York and London in areas of research, origination and sales and trading.
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Details of the next Financial Markets Foundation Course (FMFC) seminars
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 Luxembourg, have a look at the venue.
5-7 March 2012
 
Centre de formation Chambre de Commerce/IFBL
7, rue Alcide de Gasperi
L-1615 Luxembourg
There will be a further running of the Luxembourg course on 24-26 September 2012. To register please click on the image above.
This is an ICMA Executive Education course hosted by IFBL – L‘Institut De Formation Bancaire Luxembourg’. Based at the Chamber of Commerce, IFBL is Luxembourg’s leading financial training institute offering a broad range of training courses, qualifications, conferences and e-learning programmes for financial institutions.
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.aspx) London, have a look at the venue
29-31 May 2012
ICE Education
5th Floor Milton Gate
60 Chiswell Street
London EC1Y 4SA
United Kingdom
There will be a further running of the London course on 19-21 September 2012. To register your interest, e-mail education@icmagroup.org.
Based at ICE Education London offices: IntercontinentalExchange® (NYSE: ICE), is a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets. ICE's diverse markets offer contracts based on crude oil and refined products, natural gas, power and emissions, agricultural commodities including canola, cocoa, coffee, cotton, orange juice and sugar, as well as credit derivatives, foreign exchange and Russell Index futures and options.
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Cost
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London Course*
The cost of the London FMFC is £1,500.00 for ICMA Members and £1,950.00 for non-members with the following discount scale being offered:
2-4 candidates – 5% discount each*
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 note that selecting the invoice method will add £50 (administration fee) to the course price.
Luxembourg Course*
The cost of the Luxembourg FMFC is EUR1,500.00 for both ICMA & ICE Members and EUR1,950.00 for non-members with the following discount scale as above.
*Please note that if you require accommodation for the course in either London or Luxembourg, this will be your own responsibility; the programme is class-based, but it is a non-residential course.
Should you have any queries about the seminars please contact:
David Senior on +44 (0)20 7213 0329
E-mail: education@icmagroup.org
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FMFC certificate holders
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The names of the successful candidates from previous examinations are included in our list of certificate holders.
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“The course was extremely relevant and helped provide a beneficial overview of the functions connected to my compliance role”
Sarah Bennett, Compliance Officer, Morgan Stanley
“Great overview of financial markets for someone from a non-banking environment. Very practical knowledge gained, I recommend it!”
Ira Focke, Life-insurance project manager, AXA Group
"Absolutely useful in gaining a better understanding of the financial markets and a very good teacher too!"
Dario Villa, Legal & Compliance Department, Credit Suisse
“With an easy to follow tutor, the course was useful in improving my comprehension on how the economy and political events affect the financial markets.”
Yvonne Kugelmeier, Organisation & Services, WestLB AG
"The course was so relevant to my career in the capital markets. It provided me with the view of the financial markets and opportunities in the financial world. It was a great experience."
Hector L. Roy, Senior Research Analyst, Thomson Reuters
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