- I. Introductory Programmes :
- II. Intermediate Programmes :
- III. Specialist Programmes :
- An Introduction to Securitisation
- Collateral Management
- Commodities - An Introduction
- Commodities - Trading and Investment Strategies
- Corporate Actions - An Introduction
- Corporate Actions - Operational Challenges
- Corporate Governance and Culture
- Credit Default Swaps (CDS) - Operations
- Credit Default Swaps (CDS) - Pricing, Applications & Features
- Derivative Credit Risk - Analysis and Management
- Exotic Options
- Fixed Income Portfolio Management
- Inflation-linked bonds and structures
- International Repo: Instrument, Use, Management and Market
- Islamic Finance & Sukuk
- Measuring and Mitigating Counterparty Risk
- Securities Lending & Borrowing
- The ICMA Guide to Best Practice in the European Repo Market
- Trading and Hedging Short-Term Interest Rate Risk
- Trading the Yield Curve with Interest Rate Derivatives
- ICMA Executive Education Skills Courses :
- In-house training :
- Trainer profiles :
- Trainer publications :
- Affiliations :
- The ICMA Centre, University of Reading, UK :
- List of Certificate and Diploma holders :
Fixed Income Certificate (FIC)(formerly known as the IFID)
Established for nearly 40 years as the essential qualification for the fixed income market, the Fixed Income Certificate, formerly known as the International Fixed Income & Derivatives (IFID) Certificate 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 programme is primarily intended for those working in client or market facing positions in fixed income within a bank or fund management company, although it has become increasingly popular with middle office and operations managers who require greater product and market knowledge.
The FIC syllabus is organised around three key topic areas, broken down into multiple sub-topics, and concludes with the FIC course exam:-
- Trading the Yield Curve with Cash Market Securities
- Interest Rate Derivatives
- Credit Trading
Both formats entitle candidates to access the FIC Online Campus for course preparation. Candidates who choose to study via the online programme will receive ongoing support, including regular web based review sessions with an expert online tutor and the ability to discuss course topics with fellow candidates.
Who should attend?
The programme is primarily intended for those working in client or market facing positions in fixed income within a bank or fund management company, although it has become increasingly popular with middle office and operations managers who require greater product and market knowledge. Other candidate profiles include those working for financial IT service companies, exchanges and central securities depositories. The course is open to ICMA Members and non-members.
Delegates who have enrolled in the programme do so in order to complete their knowledge about the fixed income markets. Throughout the course, there are many exercises which test and assess candidates’ knowledge, examining scenarios which they will face in their day-to-day business activities.
The FIC is included on the UK’s Financial Skills Partnership (FSP) qualifications list for ‘Advising on securities in the wholesale market place’ and ‘Advising on derivatives in the wholesale market place’.
ICMA, in association with the Treasury Markets Association (TMA) of Hong Kong, has announced that any holders of either the Fixed Income Certificate (FIC) can apply to be a TMA Associate Member, provided that they have passed the examination on the Code of Conduct and Practice of the TMA (Elementary Level). The TMA ‘Associate Member’ status is part of the Primary Qualification Framework (PQF) in Hong Kong.