Introduction to Primary Markets Qualification (IPMQ)

New IPMQ online course starting 1 August

 

With unprecedented levels of market volatility and uncertainty, the role of primary markets in providing funding has never been more important. With limitations on their capital, banks can no longer play a dominant role in providing finance and the securities markets have increasingly taken up the task of key provider of funds.

This qualification offers participants a broad overview of international finance, from the different entities requiring finance to the roles of the banks and securities markets in providing that finance.

Sample Module

                                           
Access a transcript of the video.


By completing the programme you will be able to:
  • Identify the key users and providers of finance in the primary markets and their differing needs
  • Understand the key attributes of debt and equity from a primary market perspective, and key concepts of corporate finance such as CAPM and WACC
  • Understand the key financing characteristics of the term loan market, the bond markets and equity markets
  • Examine the importance of securities investors and basic concepts of modern portfolio theory
  • Understand the different methods of underwriting and syndication in the primary markets
  • Examine the different methods of distribution and allocation
  • Review the key contractual documents in launching an international financing and the key regulations that impact the primary markets

Who should attend?


Given the increasingly dominant role of the primary markets, anyone with an interest in international finance will benefit from the programme.

This is an entry-level qualification requiring only the most basic understanding of debt and equity. However, the course also serves as a valuable basis for the more advanced and detailed study offered in the ICMA Primary Market Certificate (PMC).

Candidates should have basic quantitative skills but no prior study or work experience is required.

The names of successful candidates will be included in our list of certificate holders.

Course Trainers

Kate Craven

Angela Yorath

Test your knowledge


Unsure if this is the right course for you? Take a short sample exam.



The course syllabus is divided into the following key topic areas:

An Introduction to International Financing
    •    The Primary Markets
    •    Debt & Equity Capital Markets
    •    Sources of Finance
    •    The Capital Structure
    •    Investor Considerations
    •    Risk & Return
        
Forms of Issuance
    •    The Loan Market
    •    Syndicated Loans
    •    Equity
    •    Bonds     
    •    Green, Social & Sustainability Financing
        
Syndication & Distribution
    •    Accessing the Markets
    •    The DCM Deal Process
    •    Geographical Considerations
    •    Allocation & Pricing
    •    Stabilisation
    •    Listing, Closing & Settlement
        
The Regulatory Framework
    •    Key Parties & Key Documentation
    •    The Prospectus
    •    Compliance
    •    Regulation & Other Considerations
    •    MiFID & MiFID II


Assessment
The exam consists of 50 multiple choice questions of which candidates must answer a minimum of 30 questions correctly, with a score of 45 or more earning a distinction.

If you’re taking the online course you have six months in which to study the material and book an online, fully invigilated exam. You may take the exam within 12 months of registering for the course, but must book the exam within six months of registering.

If you’re taking the classroom-based course, end-of-day review sessions are held at the end of the first two days and prior to the exam on day three to prepare for the exam and assist candidates with the course content.



Attend the course in a format that suits your schedule.

Online Course - Register now to take the IPMQ on a digital learning platform

Delegates who sign up to online courses will have access for 6 months to enable them to take advantage of the additional online resources, discussion boards and other functions of our new digital learning platform.

Online courses start on the 1st of each month.
1 July - Start Date

1 August - Start Date



Online course fees

The following special introductory price will be available until 1 October 2020:

ICMA Members: £800 + VAT (if applicable)
Non Members: £1,100 + VAT (if applicable)

Costs include full access to the online campus, associated learning materials and the examination fee. Please note that payment for online courses must be received before the start of the course.

As an indicative guide, we would recommend a total of 90 study hours is required to go through the material. Please note this is an approximate guide only.


   

Classroom Course

 
In light of ongoing international concerns with respect to the Coronavirus (COVID-19) and in the interest of maintaining the health of our members, delegates and staff, all classroom based courses are currently on hold and will be rescheduled as soon as the situation normalises.

Please register your interest for this course and we will send you details if this course can be confirmed.


September 2020 - Date to be confirmed




Classrom course fees

ICMA Members: £2,250+ VAT (if applicable)
Non Members: £2,750+ VAT (if applicable)

For security reasons, delegates who have not registered in advance will not be admitted to the classroom format of this course.  Delegates will be required to provide photo identification on arrival, to ensure entry.



Contact

Should you have any queries, please contact education@icmagroup.org.




 
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