Certified Capital Markets Specialist Course

This module serves as the foundation for the whole program. It provides a general idea of the entire Philippine financial system including the Capital Markets, Foreign Currency Exchange, Derivatives and Money Markets.

From this macro point of view, the module narrows down to the capital (debt and stock) markets as it covers extensively the relevant financial Intermediaries (exchanges, trading participants, clearing house & participants, custodian & participants, transfer agents etc.), Philippine Government Regulators, regulations, policies and relevant laws.

Further on, this module discusses in detail the Philippine Debt (Fixed Income) Market including the definition of a bond, the various types, classes and ratings. It covers the organization and operations of the Philippine Dealing System and the Philippine Dealing and Exchange (PDex) its products (Government & Corporate Debt Securities), trading rules & regulations, transaction charges, clearing and settlement, listing process, reportorial requirements, listing rules and regulations and bond origination process. 

This module deals with the Philippine equities market including, the definition of a stock, types & classes, primary and secondary markets, market participants as well as the organization and operations of the Philippine Stock Exchange (PSE). It covers in detail the Exchange trading rules & regulations, transaction charges, clearing and settlement, disclosure rules, listing rules and regulations and the underwriting process.

The module also discusses the PSE products other that stocks such as, warrants, stock rights, ETF, Shariah, DDS, Real Estate Investment Trusts (REIT).

The module concludes with the basics of investing in stocks. It is made up of lessons on the concept of an investment, return and risk trade off, dividends, investor rights and protection.

This module is a study about the quantitative and qualitative valuation techniques employed in capital (bond and stock) market investments. It covers the methodologies used in examining the financial, economic and industrial factors that affect the performance of a specific security.

A discussion on the analysis and use of financial statements lay the groundwork for this module. The bulk of the lessons pay specific attention to macroeconomic and industry analysis, company analysis and stock valuation, relative valuation techniques and measures of value added, which form part of the “Top-down Approach”.

The module involves other fundamental approaches such as Intrinsic Value Based Model, Asset & Liability Based Models, Residual Value Based Models, Management Efficiency Based Models and Earnings & Price Based Models.

Also known as technical charting, this module is all about the analysis of financial security charts and how statistics generated by price and volume movements in the market are used in forecasting future performance.

To put things in perspective, technical analysis is compared with fundamental analysis at the beginning of this module. It then covers the evolution of charting in the East and in the West.

The eastern evolution consists of Candlesticks, Equivolume, Renko, Kagi and Ichimoku charting while the western evolution covers Elliot Wave and Classical Charting also known as the Dow Theory.

The main focus of this module is Classical Charting, which discusses extensively the basic principles, price fields, chart composition & scaling, arithmetic charts, logarithmic charts, types of charts.

The advanced stages of the module include trend analysis, retracements, pattern or formation analysis, volume, gap analysis, pitchforks, Fibonacci fanlines and arcs 
It also includes practical exercises on current global charts using specific leading and lagging indicators or oscillators such as Bollinger Bands, Various Moving Averages, Moving Average Convergence Divergence (MACD), Parabolic Oscillator, Stochastic and Relative Strength Index (RSI).

This module covers theories and portfolio management models commonly used by various fund, asset or private fund managers and institutional players in the Philippine capital markets industry. 
It starts off with the concept of risk and reward and Modern Portfolio Theory. It deals extensively with risk management and the concepts of risk and reward trade off, investment objectives, investment horizon, diversification vs. non-diversification, active vs. passive management, asset allocation and portfolio maintenance and rebalancing. 
Advanced lessons cover Modern Portfolio Theory and Practice, Portfolio Management and Performance Evaluation, Asset Pricing Model, Risk-Free Asset, Capital Asset Pricing Model (CAPM), Differential Borrowing and Lending Rates, Zero-Beta Model, Transaction Costs, Heterogeneous Expectations and Planning Periods, Taxes, Systematic Risk and Return, Multifactor Model of Risk and Return, and Arbitrage Pricing Model (APM).

The module also offers ample discussions on covered theories versus actual practice or case studies.