; ECCBs Savings and Investments Course
Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out
Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

ECCBs Savings and Investments Course

VIEWS: 23 PAGES: 6

  • pg 1
									                                                Eastern Caribbean Central Bank




                                                ECCB’s Savings and
                                                Investments Course



         MISSION STATEMENT


To maintain the stability of the EC dollar
 and the integrity of the banking system
in order to facilitate the balanced growth
   and development of member states




       Eastern Caribbean Central Bank
            Tel: (869) 465 2537
            Fax: (869) 465 9562
   E-Mail: eccbinfo@eccb-centralbank.org

Visit our Website at www.eccb-centralbank.org   ECCU Financial Literacy Programme
Registration Contact Information                                 PAGE 9

Eastern Caribbean Central Bank           Eastern Caribbean Central Bank
Corporate Relations Department           Agency Office, Grenada
P O Box 89                               Monckton Street
Basseterre                               St George’s
St Kitts                                 Tel: 473-440-3016
Phone: 869 465-2537                      Fax:473-440-6721
Fax:      869 465-9562                   Email: eccbgnd@spiceisle.com
Email: eccbinfo@eccb-centralbank.org     Resident Representative
Senior Director: Mrs Ingrid O’Loughlin   Mrs Linda Felix-Berkeley

Eastern Caribbean Central Bank           Eastern Caribbean Central Bank
Agency Office, Anguilla                  Agency Office, Montserrat
P O Box 1385                             P O Box 484
The Valley                               #2 Farara Plaza
Tel:264-497-5050                         Brades
Fax:264-497-5150                         Tel:664-491-6877
Email: eccbaxa@anguillanet.com           Fax:664-491-6878
Resident Representative                  Email: eccbmni@candw.ms
Ms Marilyn Bartlett-Richardson           Resident Representative
                                         Mrs Claudette Weekes
Eastern Caribbean Central Bank
Agency Office, Antigua and Barbuda       Eastern Caribbean Central Bank
P O Box 741                              Agency Office, Saint Lucia
Sagicor Financial Centre                 P O Box 295
Factory Road                             Unit 5, Colony House
St John’s                                John Compton Highway
Tel:268-462-2489/2498                    Castries
Fax:268-462-2490/4910                    Tel:758-452-7449
Email: eccbanu@candw.ag                  Fax:758-453-6022
Resident Representative                  Email: eccbslu@candw.lc
Mr Albert Lockhart                       Resident Representative
                                         Mr Gregor Franklyn
Eastern Caribbean Central Bank
Agency Office, Commonwealth of           Eastern Caribbean Central Bank
Dominica                                 Agency Office, St Vincent and the
P O Box 23                               Grenadines
3rd Floor Financial Centre               P O Box 839
Kennedy Avenue                           Frenches House
Roseau                                   Frenches,Kingstown
Tel:767-448-8001                         Tel:784-456-1413
Fax:767-448-8002                         Fax:784-456-1412
Email:eccbdom@cwdom.dm                   Email: eccbsvg@vincysurf.com
Resident Representative                  Resident Representative
Mr Edmund Robinson                       Ms Elritha Dick
Sample Registration Form                                     PAGE 8    PAGE 1


                                                                      Table of Contents

         REGISTRATION FORM
                                                                      Overview……….…….…………………………………………...2
      ECCB’s Savings and Investments Course
                                                                      Course Feedback….…………………………………………..3

     PLEASE PROVIDE THE FOLLOWING INFORMATION:
                                                                      Course Outline……………………….………………………….4

Name: ………………...…………………………….…………………….……                                The Alumni..………………..………………..……..…..…...7


Address:…………………………………………………………………………
                                                                      Registration Contact Information ..……..…..…...9


E-Mail:…………………………………………………………………………


Work Telephone No:…………………………………………………………...


Occupation: ……………………………………………………………………


Sponsor Institution (if any)…………………………………………………….




           A REGISTRATION FEE IS APPLICABLE
         For more details contact your ECCB representative
                                   Overview              PAGE 2     PAGE 7                                         The Alumni

                                                                                                  There is more to being a
Recognising that personal finance and investment skills are                                       graduate of the ECCB’s
essential to every individual, a ten-week Savings and                                             Savings      and    Investments
Investments Course was developed by the ECCB in 2002 as                                           Course than receiving a
part of the ECCU’s ongoing financial literacy programme. The                                      certificate.          Graduates
course which was piloted in Montserrat in 2003 is now fully                                       automatically become a part of
implemented in all eight ECCU member countries.                                                   an alumni family that stretches
                                                                                                  across the eight islands of the
ECCU nationals receive valuable insights on developing basic                                      Eastern Caribbean Currency
budgeting techniques, improving management skills and                                             Union. There are no dues to
learning the basics of investing from practitioners in the field   pay and no papers to sign.
of finance and savings. Students focus on areas such as
personal financial planning, debt management, risk                 The alumni is kept strong by each graduate staying in touch.
management strategies and trading on the securities market.        Which is why each graduate’s current contact information is
                                                                   essential to keeping alive our communication network.
This is expected to translate into positive outcomes not only
for the graduates, but also for the country and the region as a    The ECCB sends e-newsletters to its graduates and in
whole.                                                             collaboration with its partners hosts speakers and events each
                                                                   year to ensure that graduates continue to nurture and develop
Delivery of the course is made possible through the successful     their financial expertise and knowledge.
fostering of partnerships between the ECCB, the University of
the West Indies, ECCU ministries of education, local state         GIVING
colleges and financial institutions.
                                                                     GETTING BACK
                                                                         EVEN MORE

                                                                   Graduates are encouraged to give back by sharing their
                                                                   financial knowledge with their community. To this end, they
                                                                   organise discussions on savings, budgeting and other related
                                                                   topics in their churches and work places.           Many have
                                                                   discovered that in giving of their time and knowledge they have
                                                                   gained so much more.
Course Outline Cont’d                                         PAGE 6     PAGE 3                                              Course Feedback

      DISCUSSION AREAS                           CLASS
                                               ACTIVITIES
LESSON 7: HOW SECURITIES                • Trading Exercise:              PARTICIPANTS’ COMMENTS
ARE BOUGHT AND SOLD                       2- minute speed trading
                                                                         “The course was an eye opener. I learnt a lot and I am now looking at getting a
1. Establishing an account with a       • Case Study: Smart
                                                                         pension plan and buying shares. I am also working hard towards my goal of
   broker dealer                          Broker Dealers                 repairing my home and setting up both an emergency fund in the event of
2. Placing buy and sell orders with                                      sickness and a college fund for my children”
   a broker dealer
3. Key terms in securities trading                                                                               ***
4. Understanding the Single Price                                        “As simple as it seems, the concept of "Future Value of Money" as presented and
   Auction Methodology used by                                           demonstrated in this course, has broadened my perspective and has motivated
   the ECSE                                                              me beyond any expectation I brought to the course. My plans to build my house
                                                                         sooner than later, my keen interest and awareness of investment opportunities,
                                                                         and my renewed appreciation for regularly "taking stock" are examples of the
LESSON 8: REGULATION OF                 • Debate on the merits of        positive impact…”
FINANCIAL MARKETS                         market regulation                                                      ***
1. Purpose and objectives of market     • Questions to ask before        Of the many training stints, courses, or workshops that I have ever attended, this
   regulation                             investing                      savings and investment course was the timeliest. Occurring at a time when the
2. Regulatory framework of the          Case Studies:                    world is experiencing a financial crisis, my spending habits have been brought
   Eastern Caribbean Securities         • Ill-advised and Misled???      under control as I now not only spend unless I must but also only when it is
                                                                         budgeted for.
   Market                               • Much To Do About
3. Identifying regulatory infractions     Nothing or Much To Do          I now understand the true meaning of investment and the many rewards that can
                                                                         be had if the correct steps are taken.
LESSON 9 FACTORS THAT                   • The Principles of Finance
AFFECT PRICE                            • Discussion on investors’       The course has changed my life so much that there is never a day since its
1. Market movements as a result of        responses to economic and      completion that I did not have a reason to say some line from the wealth of
                                                                         knowledge the many facilitators shared with us. One thing I will say for sure “I
   the actions of investors to            business indicators as well
                                                                         am now trained for the better” I am so glad I attended. It was the best $100.00 I
   business conditions; government        as the actions of the FED,     ever spent
   actions; economic indicators;          and the resulting impact                                             ***
   international events and               on the prices of securities.
   conditions                                                            The course was timely and very meaningful. It has given me a new perspective
2. An overview of fundamental and                                        on saving and investment. As a result of the course I have made a determined
   technical analysis                                                    effort to save a percentage of my salary. I have a better understanding of the
                                                                         financial market and can make better choices and decisions in balancing my
                                                                         budget and making investments.
LESSON 10: DEVELOPING AND               • Case Study: Developing                                               ***
MANAGING YOUR                             an investment portfolio
INVESTMENT PORTFOLIO                      for Johanne Cantin             The classes were good and made me more knowledgeable about how I should
1. Market risk and diversification      • Debate—The merits and          save and invest my money for the future.
2. Assessing your investment              demerits of portfolio                                                ***
   profile                                diversification.               The course was very enlightening and the knowledge gained is valued especially
3. Designing your investment            • My Financial Goals, My         in terms of my personal savings and investing.
   portfolio                              Investment Portfolio
Course Outline                                               PAGE 4     PAGE 5                            Course Outline Cont’d
                                                     CLASS                       DISCUSSION AREAS                         CLASS
          DISCUSSION AREAS
                                                   ACTIVITIES                                                           ACTIVITIES
LESSON 1: PERSONAL FINANCIAL                    • Developing your       LESSON 4: TYPES OF                         • Matching investments
PLANNING                                          personal financial    INVESTMENT INSTRUMENTS                       with investors of
1. Examine personal money management              mission statement     1. Definitions and characteristics of        different investment
   practices and identify areas that can be     • Debt consolidation       various financial instruments             profiles
   improved                                       and restructuring     2. Calculating basic financial ratios      • Designing a mutual
2. Matching income and expenses (your             of one’s finances -   3. Assessing the rates of returns on         fund
   budget)                                        Examining your           ECCU government securities
3. Your Debt Profile – What bank’s assess         budget                4. Matching investment instruments
                                                • What is your             with one’s investment objectives
                                                  money style?

LESSON 2: FACTORS AFFECTING                     • Financial Stock
FINANCIAL DECISIONS                               Taking
1. Simple explanation of the Time Value Of      • Case Study:           LESSON 5: HOW TO PROTECT                   •   Identifying your
   Money concept                                  Susan’s Finances      ONE’S SELF AGAINST                             investment
2. Risk Return relationship of financial        • Financial Stock       FINANCIAL RISK                                 preferences
   decisions                                      Taking:What does      1. Evaluating the risks and returns        Case Studies:
3. Financial decisions and their impact on        your balance sheet       associated with various financial       1. Mr Major and -
   one’s cash flow                                say about your           instruments                                 Competitive Finance
4. Simple probability analysis in evaluating      finances              2. Understanding       simple      risk    2. Meet the Browns
   financial decisions                                                     management strategies                   3. Miss Smith’s
                                                                        3. Simple illustration of the volatility       Financial Goals
5. Computing one’s personal net worth
                                                                           of returns
LESSON 3: DEVELOPMENT OF A                      • Loan Checklist:       4. Understanding bond ratings (S&P
PLAN TO REACH FINANCIAL GOALS                     Questions to Ask         code)
1. Developing SMART Goals                         Your Banker
2. Understanding the impact of compound         • Loan Covenants        LESSON 6: TYPES OF FINANCIAL               •   Trading Exercise:
   interest on savings and loans.               • Designing             MARKETS                                        Repurchase
3. The Impact of interest rates on financial      SMART Financial       1. Functions of financial markets              Agreements
   goals: Add-on vs. Reducing Balance             Goals                 2. Types of financial markets:             •   Designing a
4. What you need to know about interest                                     • Money markets                            Fictitious Futures
   rates when taking loans:                                                                                            Market applicable to
                                                                            • Stock markets
5. Understanding loan covenants                                                                                        the local economy
                                                                            • Bond markets
6. Strategies to create positive cash flow so
   as to have a surplus to reach one’s                                      • Foreign exchange markets
   financial goals; Pros and cons of                                        • Futures/Derivatives markets.
   (a) mortgage refinancing (b) debt
   consolidation (c) mortgage equity loans

								
To top