November 2011 - Kaplan Financial

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November 2011 - Kaplan Financial Powered By Docstoc
					           Non-local course registration no. 361795
                                                                                                                      FRM               Financial Risk Manager

                                                                                                                                       November 2011
                                                                                                                                                     Part I & Part II

                                                                                                                      Classroom Training (in Cantonese)
                                                                                                                      eLearning (in Cantonese)
                                                                                                                      Kaplan Schweser Study Tools




                                                                                                                      Reputable
                                                                                                                      • FRM training in HK since 2006
                                                                                                                      • Kaplan Schweser’s 70-year history in exam prep
                                                                                                                      • Full suite of CFA, FRM, CAIA, Licensing Exams and
                                                                                                                        accountancy training

                                                                                                                      Quality
                                                                                                                      • Up-to-date course slides and question bank powered
                                                                                                                        by Kaplan Schweser
                                                                                                                      • Total 118 hours of instruction
                                                                                                                      • Trainers hand-picked from the most experienced
                                                                                                                      • Complete 3-phase training system
                                                                                                                      • Part I Pre-Course to get you started

                                                                                                                      Tailored for Individual Learning Style
                                                                                                                      The only provider that gives you the option
                                                                                                                      • Campus Program
                                                                                                                      • eLearning
                                                                                                                      • Kaplan Schweser study solutions

                                                                                                                                         Failed with another provider?
                                                                                                                            PASS                Incentive to experience the
                                                                                                                         Guarantee                   Kaplan difference

                                                           The courses have been included in the list
                                                           of reimbursable courses for Continuing
                                                           Education Fund (CEF) purpose.
                                                                                                                      Convenience
                                                                                                                      • The only provider of eLearning and quality catch up videos

                                                                                                                      Schweser Study Notes
                                                                                                                      • Included in Campus Program and eLearning

                                                                                                                      Mock Exam
                                                                                                                      • Invigilated with full performance report and
                                                                                                                         trainer debriefing

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It is a matter of discretion for individual employers to recognize any qualification to which this course may lead.
     F RM N O V 2 011


                                 Introduction

      Why should I study with a prep provider
      for the FRM® exam?
      If you have been working in the financial risk field for many years and are on top of
      the latest development of the financial risk market, you may feel more confident with
      self-study. However, for most FRM® candidates, self-study might not be the optimal
      study method. Reasons to prepare with a provider:




                        The curriculum of FRM® exam is highly correlated to real issues and
          1             marketplace practices.
                                                                                                        Content
                        The exam paper contains “real-world”, practical questions which are
                        developed by experienced market practitioners. In this aspect, the FRM®
                        exam differs from the CFA® exam. FRM® candidates are expected to
                        understand risk management concepts and approaches and those concepts           P3    What’s New? | Students’ Insights
                        would apply to a risk manager’s day-to-day activities. Candidates who are not
                        familiar with current international practices could find it a challenge just
                        interpreting what the questions are asking, let alone pick the most             P4    FRM® Exam Overview
                        appropriate choice as the answer.
                                                                                                        P5    How to Prepare for the FRM® Exam
                                                                                                              Why Kaplan Financial & Schweser
                        To ensure high relevance, GARP® invites certified FRM® holders from
          2             all over the globe to contribute exam questions. Therefore, the exam            P6    Choose Your Learning Option
                        focus and question style differ dramatically from year to year.
                                                                                                        P7    Campus Program Overview
                        Attempting past exam questions is important. However it is even more critical
                        that you have a strong understanding of the concepts and work on acquiring
                        correct exam techniques. A professional training provider will provide you      P8    Schedules - Part I & II
                        with the tools to focus on reinforcing knowledge, enhancing time
                        management and problem solving abilities.
                                                                                                        P9    Trainer Faculty

                                                                                                        P10   eLearning
                        The FRM® Body of Knowledge, originating from contemporary
          3             financial risk management system, is a relatively new discipline.               P11   Kaplan Schweser Self Study Solutions
                        The current risk management system, with its roots in VAR and stress-testing
                        practices, gained prominence in the late 1990s and has been evolving rapidly    P13   Fees & Discounts
                        ever since. Many reference books are simply not comprehensive enough to
                        cover the breadth of knowledge, let alone provide an appreciation of
                        market-driven changes.
                                                                                                        P14   Discounts and Financial Subsidies

                                                                                                        P15   Terms and Conditions
                        In conclusion, candidates, regardless of their varying education background
                        and working experience, can improve their exam prep effectiveness by
                        studying with a professional and experienced training provider.
                        Choosing the optimal study method for the November 2011 FRM® exam is your
                        first step to success!




P2    KAPLAN FINANCIAL • Financial Risk Manager Nov 2011
                                                                                                                                               F RM N O V 2 011


                                                                                                      What’s New?


  Live Pre-Course                                                 To build a solid foundation and acquire key skills required to get started.
  (for Part I only)                                               Sign up Part 1 Full Package/Education Program before June 27 to
                                                                  attend live Pre-Course.


 Failed with another prep provider?                               We are very keen to show you the Kaplan difference. If you can prove that you
 (for both Part I & II)                                           have paid for live training courses in 2009, 2010 or 2011 at one of our
                                                                  competitors but not been successful in the examinations, we are happy to
                                                                  provide a 40% discount on Full Package (campus program) original
                                                                  price for the same level in November 2011 exam sitting. Cost of Schweser
                                                                  Study Notes is included.


 Pass Guarantee                                                   We are confident that our courses, coupled with home study, will place you in
 (for Part I only)                                                the strongest possible position to successfully tackle the examinations.
                                                                  However, no training organizations can guarantee a pass. If you do fail with our
                                                                  Part 1 Full Package in November 2011 sitting, however, then we are happy to
                                                                  provide you with a free Part 1 Revision Course (campus program) in
                                                                  May 2012 exam sitting. Please note that this offer only applies to the course
                                                                  only. The revision course is free but we will charge $1,500 for the cost of the
                                                                  updated Schweser Study Notes.
                                                                  In order to qualify you simply need to have enrolled and attended at least 70%
                                                                  of the Full Package (campus program) and obtained 50% or above in mock exam
                                                                  in the November 2011 sitting.

   (For details and terms, please refer to Point 31-46 of Terms and Conditions on Page 15)




  Students’ Insights

“The teaching materials are excellent since they are well organized and
easy to understand. The trainer is very good in answering the questions
and his pace is fine.”
                                                                    Patrick Ng


“Thank you for Kenneth Leung’s teaching. He could explain the questions
or difficulties appear in exam by using a few words.”

                                             K. F. Yeung   FRM, CAIA & CFA student




“I knew very little about market risk and operational risk before the
course. Kenneth provided very concise and informative lectures which
helped my understanding in these areas. Thank you!”
                                                             Christina Chow


“Thanks to Kenneth's training, I gain more than I expected from attending
his classes. It was great experience learning from them. With my best
effort, I passed the exam in one go. ”
                                                     K. C. Li   FRM & CFA student




“The mock exam (and the detailed explanation) helps me a lot. I am glad
that I pass the exam. Thanks to all of you!!!”

                                                                       C. H. Ng



                                                                                              • T. (852) 25263686 • hkfrm@kaplan.com • www.kaplanfinancial.com.hk   P3
     F RM N O V 2 011


                                  FRM® Exam Overview


What is FRM® ?


                                                                                                                    FRM
      The certification recognized among financial risk
      professionals worldwide, with over 24,500 FRM holders in
      over 90 countries across the globe.
      Administered by the Global Association of Risk
      Professionals™ (GARP®).


      Who should take the FRM® exam?
                                                                                                                                       FRM certification requirements
      The following recommendations describe who should take the FRM® exam, given
      their current career path:                                                                                                       • Passing score on both Part I and Part II
                                                                                                                                         exam.
                     A financial risk professional with work experience in risk management or
         Group       related field including auditing, trading, portfolio management,                                                  • Minimum of two years experience in
            1                                                                                                                            financial risk management (or other
                     academic/industry research, risk consulting and/or risk technology
                                                                                                                                         related) field.
                                                                                                                                       • Hold active membership with GARP®
                     An individual with a sufficient amount of working experience in a business
         Group       field other than risk management, but is interested in switching career paths
           2
                     to risk management

         Group                                                                                                                         Candidates are reminded to always refer GARP’s
           3         A recent graduate with little work experience
                                                                                                                                       official website for the most updated information.
                                                                                                                                       Information contained herein about exam registration
                                                                                                                                       deadlines is correct at the time of brochure
      Exam structure                                                                                                                   publication and is provided “as is,” without any
                                                                                                                                       conditions, warranties, or other terms of any kind.
                     Part I:        100 multiple-choice questions (4 hours)
                     Part II:       80 multiple-choice questions (4 hours)                                                             Kaplan does not warrant the accuracy of the data
                                                                                                                                       which may be subject to changes.

      Exam topics                                                                                                                      For more details about the exam, please visit
                                                                                                                                       www.garp.org
                     Part I:        •   Foundations of Risk Management
                                    •   Quantitative Analysis
                                    •   Financial Markets and Products
                                    •   Valuation and Risk Models
                     Part II:       •   Market Risk Measurement and Management
                                    •   Credit Risk Measurement and Management
                                    •   Operational and Integrated Risk Management
                                    •   Risk Management and Investment Management
                                    •   Current Issues in Financial Markets


      Important Dates (for both Part I & II)
                     FRM® exam enrollment period:
                     Early registration :         01 Dec 2010 – 31 Jul 2011
                     Standard registration :      01 Aug 2011 – 31 Aug 2011
                     Late registration :          01 Sep 2011 – 15 Oct 2011
                     (All deadlines are by 23.59 EDT in New York Time)

                     FRM® exam day:
                     19 November 2011 (Saturday)




Required Disclaimer:
GARP® does not endorse, promote, review or warrant the accuracy of the products or services offered by Kaplan Financial (Hong Kong) Ltd. of FRM® related information, nor does it endorse
any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to Kaplan Financial (Hong Kong) Ltd. nor is GARP® responsible for any fees
or costs of any person or entity providing any services to Kaplan Financial (Hong Kong) Ltd. FRM®, GARP® and Global Association of Risk Professionals™ are trademarks owned by the Global
Association of Risk Professionals, Inc.


P4    KAPLAN FINANCIAL • Financial Risk Manager Nov 2011
                                                                                                                               F RM N O V 2 011


                                                      How to Prepare for the FRM® Exam



Recommendation from Kaplan FRM® experts
1. GARP recommends candidates spend a minimum of 200 hours to                   Why Kaplan Financial?
   study for each exam part.
2. You should commit to studying a fixed number of hours daily or                Longest established and biggest training
   weekly. Divide minimum study hours by this number to get a sense               provider in Hong Kong:
   of when you absolutely need to start your study schedule.                         Prepare over 48,000 students a year for professional
                                                                                     exams
3. First, learn the related knowledge from FRM curriculum. Then,
                                                  ®

   practice with the questions to test your application of knowledge.
   Finally, reinforce the knowledge and strengthen exam technique by             Professional and experienced global training
   practicing mock exam questions and achieve mastery through the                 faculty including market practitioners
   comprehensive study method.
                                                                                 Up-to-date and exam-oriented course
                                                                                  materials:
                                                                                     Cover current assigned readings and AIMS
Different ways for exam preparation
1. Reading current FRM® curriculum. Candidates will need to self study           Different learning mode to fulfill different
   and read through a great deal of information and try to associate              learning need:
   the concepts they are learning with the appropriate Applying                      Choice of Campus Program, eLearning and Kaplan
   Instructional Materials Statements prescribed by GARP®.                           Schweser Study Solutions

2. Using acclaimed FRM® study materials such as Kaplan Schweser.
   Designed for the Nov 2011 FRM® Exam, Kaplan Schweser study tools              Convenient training location:
   provide candidates with a condensed and focused version of the                    A centrally located training centre right within the
   FRM® curriculum and at the same time provide exam-like questions.                 financial hub
   The Schweser Essential Study Solution contains the flagship
   Schweser Study Notes and Practice Exam Book which includes two                Campus program student support:
   full-length sample exams with online scoring and performance                      Includes catch-up videos and email reminders
   tracking.
3. Investing in a quality preparatory course like Kaplan Financial.              Reimburse 80% of course fee with CEF:
   Leading provider of financial professional qualifications in UK and               Only for Full Package of FRM Part I Campus Program
   Asia, Kaplan Financial, a subsidiary of the Washington Post Group,
   has been preparing students for CFA, CAIA, HKICPA, ACCA and
   Qualification Programs for the past 57 years.




   Kaplan Financial with Kaplan Schweser
   An unbeatable unique alliance
   The unique alliance with Kaplan Schweser allows us                    Throughout our 70-year history, Kaplan has remained
   to offer a range of quality Study Solutions.                          student-focused, results-driven, and committed to helping
                                                                         individuals achieve their educational and career goals.
   We’ve helped thousands of FRM® candidates. Let us
                                                                         The FRM® exam is challenging. Successful preparation requires
   help you!
                                                                         commitment and a diligent study plan. Kaplan Schweser is the
                                                                         only prep provider with all-inclusive Study Solutions that offer
                                                                         candidates a complete FRM® study plan. Our unique packages
                                                                         include flexible tools and materials that allow you to:

                                                                         •   Add focus and structure to your study routine
                                                                         •   Make your prep time more productive
                                                                         •   Boost your confidence for exam day




                                                                              • T. (852) 25263686 • hkfrm@kaplan.com • www.kaplanfinancial.com.hk   P5
     F RM N O V 2 011


                                 Choose Your Learning Option

Apart from the traditional Kaplan Campus Program and Kaplan Schweser study
tools, we are launching Kaplan eLearning too. Whatever your educational needs
and circumstances, Kaplan has the answer for you!


                                                  Campus Program                                       eLearning                     Kaplan Schweser
                                                                                                                                          Study Tools




     What is it?                       • Traditional classroom-based learning    • Archived recording of Kaplan campus   • 8-Week Online Class, study text and
                                       • Most effective method under the           Education Program for on demand,        question bank from market leading
                                         right conditions                          on the road, online viewing             prep provider Kaplan Schweser


     Who like it?                      • Connectors                              • The IT-savvy                          • The independent


     Learning mode                     • Face to face lecturing                  • On screen viewing of lectures         • On screen viewing
                                                                                                                         • Reading paper materials


     Course structure                  • Education program                       • Education program                     • Education elements
                                       • Revision course                                                                 • Revision elements
                                       • Mock exam and review                                                            • Mock exam elements


     Language                          • Cantonese                               • Cantonese                             • English


     Study pace                        • Pre-set schedule                        • Time-released lectures                • Self-paced, study anytime
                                                                                 • Self-paced, view anytime

     Venue                             • Classrooms in Hong Kong                 • Anywhere                              • Anywhere


     CEF reimbursable                  • Yes (Part I only)                       • No                                    • No


     Q&A                               • Answered by trainers in person or via   • Trainer support via email             • Schweser Instructor-led
                                         email                                                                             office hours


     Kaplan local support              • Catch-up videos                         • Customer service                      • Customer service
                                       • Classroom facility & refreshments


     Course materials                  • Kaplan course materials                 • Kaplan course materials               • Kaplan Schweser study materials
                                       • Kaplan Schweser Study Notes             • Kaplan Schweser Study Notes


     Add on (optional)                 • Upgrade to Kaplan Schweser              • Upgrade to Kaplan Schweser            • None
                                         Essential Self-Study Package              Essential Self-Study Package
                                                                                 • Kaplan Schweser Final Review Pack


     Online Pre-course                 • Yes (Part I only)                       • Yes (Part I only)                     • No
     Readings

     Online Financial                  • Yes                                     • Yes                                   • No
     Calculator Workshop




P6    KAPLAN FINANCIAL • Financial Risk Manager Nov 2011
                                                                                                                                                                    F RM N O V 2 011


                                                                           Campus Program Overview


3 Simple Phases to Exam Success                        Kaplan’s full package is a complete, effective, 3-phase expert-developed




                                                                                                                                                                                     Campus Program
                                                       system that is used by FRM® candidates across the globe each year.

                                     Aims and objectives                                                                                      Outcomes

 Phase 1                             • Cover the vast majority of GARP’s AIMS
                                     • Take each study session from the basic elements right up to the more
                                                                                                                                              On completion of this phase,
                                                                                                                                              students should:
 Foundation                            advanced topics                                                                                        • Have gained understanding
                                     • Use text slides, worked examples, tables and diagrams to illustrate                                        and insight to make sense of
 Education Program                                                                                                                                each topic
                                       difficult and important concepts
                                     • Facilitate an early commencement in your study plan. Via the pre-course                                • Identify the key areas critical to
                                       (live and online videos), you will be exposed to critical concepts of the FRM                              success
                                       prerequisite curriculum including Time-Value-of-Money, Fixed Income and                                • Be prepared for the next phase
                                       Derivatives one month prior to campus course commencement date                                             to enhance your study
                                     • Free Receive one set of Schweser Study Notes to supplement your study




       Phase 2                       Revision course is designed to take your understanding to the next level.
                                     • Crystallize and refresh the understanding of topics with the use of
                                                                                                                                              • Reinforce the knowledge
                                                                                                                                                gained from the Education
       Enhancement                      Mindmaps                                                                                                Program
                                     • Review topics areas in overview with additional review for more difficult                              • Develop a good exam strategy
       Revision Course
                                        concepts                                                                                              • Enhance time management and
                                     • Reinforce exam techniques                                                                                problem solving ability
                                     • Free If you do not own a copy of Schweser Study Notes from this exam
                                        season’s (Nov 2011) Education Program/eLearning Program, you can
                                        get a free copy
                                          * Revision Course can be purchased separately and is highly recommended for best result.




                                     Features                                                                                                 Outcomes

              Phase 3                • 2-hour mock exam with exam standard questions
                                     • Simulation of exam’s timed conditions
                                                                                                                                              • Final gauge of performance
                                                                                                                                                weeks preceding the real exam
              Final Gauge            • Immediately receive fully explained answers after completion of mock                                   • Build up confidence and skills
                                       exam                                                                                                     under timed conditions
              Mock Exam and Review
                                     • Receive detailed performance report in the 2-hour mock exam review
                                       session
                                     • Debrief and last minute tips in the mock exam review session



Choice of Campus
Courses                                        Full
                                             Package                                    Basic                                    Revision                  Mock Exam
                                                For exam                               Package                                    Course                      and
                                                 success                                                                                                    Review

                                                 Part I Full package is
                                                  CEF Reimbursable


                                          Pre-course (for Part I only)          Pre-course (for Part I only)            Mindmap
                                          Education Program                     Education Program                       Question Booklet
                                          Revision Course                       Schweser Study                          Schweser Study
                                          Mock Exam and Review                   Notes                                    Notes
                                          Schweser Study Notes




Student Support                                       Catch-up Video                                                                   Refreshment
                                                      (Education Program only)                                                         Complimentary coffee, tea and
                                                      You are able to catch up with video                                              distilled water are provided in
                                                      recording in our media lab during lab                                            Admiralty training centre.
                                                      operating hours.
                                                      Lab operating hours:
                                                      Mon to Fri : 9:00am to 8:00pm
                                                      Sat and Sun : 9:00am to 6:00pm
                                                      Closed on Public Holidays



Campus Student                       Upgrade Schweser Study Notes to Essential Self-Study Package
                                     If you enrolled Full Package or Basic Package, you could upgrade the Schweser Study Notes to the Essential
Discount for                         Self-Study Package by adding only HK$605. (The original price for the Essential Solution is HK$2,300).
                                     After upgrade, you will get Schweser Study Notes with Quicksheet™, Practice Exam Book, SchweserPro™
Schweser Purchase                    Question Bank and partial access to InstructorLink™.



                                                                                                              • T. (852) 25263686 • hkfrm@kaplan.com • www.kaplanfinancial.com.hk             P7
        F RM N O V 2 011


                                                  Schedules - Part I & II


                     Part I
Campus Program




                                                                                          Class A                               eLearning *                                                              Class A
                                                                                        (in Cantonese)                            (in Cantonese)                                                       (in Cantonese)


                      Education Program                                Trainer: Dr. Kyle Wong
                                                                                                                                                   Revision Course                      Trainer: Dr. Kyle Wong
                      13 sessions | 38 hours                            Date           Day       Time                             Release Date     6 sessions | 18 hours                 Date          Day      Time

                                                                     Online Videos covering critical concepts of the FRM prerequisite curriculum
                                                                           including Time-Value-of-Money, Fixed Income and Derivatives
                                                                                                                                                   1 Foundation of Risk Management       05-Oct-11     Wed     10:00am-01:00pm
                                                                                              Release date 7 Jun 2011
                                                                                                                                                   2 Quantitative Analysis               05-Oct-11     Wed     02:15pm-05:15pm
                      Pre-Course                                       27-Jun-11        Mon      07:00pm-09:00pm                 02-Jul-11
                                                                                                                                                   3 Quantitative Analysis +             11-Oct-11     Tue     07:00pm-10:00pm
                                                                                                                                                     Financial Markets and Products
                      1   Foundation of Risk Management                08-Jul-11        Fri      07:00pm-10:00pm                 13-Jul-11
                                                                                                                                                   4 Financial Markets and Products      16-Oct-11     Sun     10:00am-01:00pm
                      2   Foundation of Risk Management                15-Jul-11        Fri      07:00pm-10:00pm                 20-Jul-11
                                                                                                                                                   5 Financial Markets and Products +    16-Oct-11     Sun     02:15pm-05:15pm
                      3   Quantitative Analysis                        24-Jul-11        Sun      10:00am-01:00pm                 29-Jul-11           Valuation and Risk Models

                      4   Quantitative Analysis                        24-Jul-11        Sun      02:15pm-05:15pm                 29-Jul-11         6 Valuation and Risk Models           18-Oct-11     Tue     07:00pm-10:00pm

                      5   Quantitative Analysis                        14-Aug-11        Sun      10:00am-01:00pm                 19-Aug-11

                      6   Financial Markets and Products               14-Aug-11        Sun      02:15pm-05:15pm                 19-Aug-11         Mock Exam                             Date          Day      Time

                                                                                                                                                   2 hours
                                                                                                                                                                                         29-Oct-11     Sat     02:00pm-04:00pm
                      7   Financial Markets and Products               28-Aug-11        Sun      10:00am-01:00pm                 02-Sep-11

                      8   Financial Markets and Products               28-Aug-11        Sun      02:15pm-05:15pm                 02-Sep-11

                      9   Financial Markets and Products +
                                                                                                                                                   Mock Exam Review                     Trainer: Dr. Kyle Wong (in Cantonese)
                                                                       13-Sep-11        Tue      10:00am-01:00pm                 18-Sep-11         2 hours                               Date          Day      Time
                          Valuation and Risk Models
                                                                                                                                                                                         01-Nov-11 Tue         07:00pm-09:00pm
                      10 Valuation and Risk Models                     13-Sep-11        Tue      02:15pm-05:15pm                 18-Sep-11

                      11 Valuation and Risk Models                     20-Sep-11        Tue      07:00pm-10:00pm                 25-Sep-11

                      12 Valuation and Risk Models                     27-Sep-11        Tue      07:00pm-10:00pm                 02-Oct-11

                      * eLearning is a seasonal subscription that expires on Nov 19, 2011 in 23:59:59 Hong Kong Time




                      Part II                                                             Class A
                                                                                        (in Cantonese)
                                                                                                                                eLearning *
                                                                                                                                 (in Cantonese)
                                                                                                                                                                                                         Class A
                                                                                                                                                                                                       (in Cantonese)


                      Education Program                                Trainer: Mr. Kenneth Leung
                                                                                                                                                   Revision Course                      Trainer: Mr. Kenneth Leung
                      12 sessions | 36 hours                            Date           Day       Time                             Release Date     6 sessions | 18 hours                 Date          Day      Time


                      1   Market Risk Measurement and                  16-Jul-11        Sat      02:00pm-05:00pm                 21-Jul-11         1 Market Risk Measurement             08-Oct-11     Sat     02:00pm-05:00pm
                          Management                                                                                                                 and Management

                      2   Market Risk Measurement and                  23-Jul-11        Sat      02:00pm-05:00pm                 28-Jul-11         2 Market & Credit Risk                08-Oct-11     Sat     06:00pm-09:00pm
                          Management                                                                                                                 Measurement and Management

                      3   Market Risk Measurement and                  30-Jul-11        Sat      02:00pm-05:00pm                 04-Aug-11         3 Credit Risk Measurement
                          Management                                                                                                                                                     15-Oct-11     Sat     02:00pm-05:00pm
                                                                                                                                                     and Management

                      4   Credit Risk Measurement and                  06-Aug-11        Sat      02:00pm-05:00pm                 11-Aug-11         4 Operational and Integrated
                          Management                                                                                                                                                     15-Oct-11     Sat     06:00pm-09:00pm
                                                                                                                                                     Risk Management
                      5   Credit Risk Measurement and                  20-Aug-11        Sat      02:00pm-05:00pm                 25-Aug-11         5 Operational & Risk Management
                          Management                                                                                                                                                     22-Oct-11     Sat     02:00pm-05:00pm
                                                                                                                                                     and Investment Managemen
                      6   Credit Risk Measurement and                  20-Aug-11        Sat      06:00pm-09:00pm                 25-Aug-11
                          Management                                                                                                               6 Risk & Current Issues in            22-Oct-11     Sat     06:00pm-09:00pm
                                                                                                                                                     Financial Markets
                      7   Operational and Integrated                   27-Aug-11        Sat      02:00pm-05:00pm                 01-Sep-11
                          Risk Management

                      8   Operational and Integrated
                                                                                                                                                   Mock Exam                             Date          Day      Time
                                                                       27-Aug-11        Sat      06:00pm-09:00pm                 01-Sep-11         2 hours
                          Risk Management                                                                                                                                                29-Oct-11     Sat     05:00pm-07:00pm

                      9   Operational and Integrated                   03-Sep-11        Sat      02:00pm-05:00pm                 08-Sep-11
                          Risk Management

                      10 Risk Management and Investment                03-Sep-11        Sat      06:00pm-09:00pm                 08-Sep-11
                                                                                                                                                   Mock Exam Review                     Trainer: Mr. Kenneth Leung (in Cantonese)

                         Management                                                                                                                2 hours                               Date          Day      Time


                      11 Risk Management and Investment                17-Sep-11        Sat      02:00pm-05:00pm                 22-Sep-11                                               02-Nov-11 Wed         07:00pm-09:00pm
                         Management

                      12 Current Issues in Financial Markets           17-Sep-11        Sat      06:00pm-09:00pm                 22-Sep-11

                      * eLearning is a seasonal subscription that expires on Nov 19, 2011 in 23:59:59 Hong Kong Time




P8               KAPLAN FINANCIAL • Financial Risk Manager Nov 2011
                                                                                                                                                     F RM N O V 2 011


                                                                                                        Trainer Facuity




                                                                      Kyle        joined Kaplan in June 2006 as Director, Financial Markets to teach and develop
                                                                     products for bespoke Financial Markets training programs. Kyle has more then 10 years of
                                                                     working experience in the banking and securities industry. He was in management and sales
                                                                     roles at major banks like HSBC, RBC Group and Citigroup in Canada, Singapore and Hong
                                                                     Kong. He has advised clients on a large range of investment products including equities,
                                                                     fixed income, trust units, pooled funds, derivatives and structured products. Kyle has
                                                                     provided sales training to bank staff on new investment products. At International Planning
                                                                     Group Ltd. he provided estate planning to private bank clients throughout South East Asia.
                                                                     Before he joined Kaplan he was the VP, Complex Hybrid Products at DBS Bank.
    Dr. Kyle Wong                                                    Kyle was appointed a visiting professor at Ningbo University (PRC) in 2003. Kyle has been
    PhD, CFA, FRM                                                    teaching master level courses in finance, investment and portfolio management at Royal
                                                                     Roads University in Canada and HKU SPACE. He received his BS degree from the University
                                                                     of Wisconsin and his MS and Ph.D. degrees from Cornell University.
                                                                     Kyle is a certified Financial Risk Manager and has been a CFA Charter holder since 2004. He
                                                                     is also member of the Hong Kong Society of Financial Analysts and member of the
                                                                     Professional Risk Managers’ International Association.



                                                                      Kenneth                is a well known face in Kaplan as he teaches a range of financial
                                                                     qualifications and courses, including CFA and FRM. With extensive industry and teaching
                                                                     experience and academic achievement, students learn both academic theories and current
                                                                     market practices in Kenneth's classes.
                                                                     Kenneth has more than 10 years’ experience in the finance industry. Currently working as the
                                                                     Head of Quantitative Analysis Team in the Risk Management Department of a commercial
                                                                     bank, he mainly provides quantitative analysis supports to market, credit and operational
                                                                     risk management functions, and verifies valuations of various financial products and risk
                                                                     figures. His previous positions with several commercial and corporate banks required him
                                                                     to analyze, measure and manage market risks of various financial products, including
    Mr. Kenneth Leung                                                equities, fixed incomes, foreign exchanges, funds and derivatives. He also worked in the
    MSc, CFA, FRM, FCCA                                              underwriting unit of an insurance corporation to analyze and manage credit risk of global
                                                                     companies.
                                                                     Kenneth is an achiever who continually enhances his academic knowledge and industry
                                                                     recognition, while pursuing his career in the finance industry.
                                                                     Following his completion of an Economics degree, he sequentially obtained BSc in
                                                                     Mathematics, MSc in Financial Engineering, Master of Statistics, MSc in Computing and MSc
                                                                     in Risk Management Science (with distinctions in all courses); as well as qualifying with CFA,
                                                                     FRM and FCCA.
                                                                     Previously, Kenneth had other teaching experience at local universities.




Free Seminars and Demo Lectures
Part I                                                                     Part II
  Language    Date        Day    Time               Speaker                  Language     Date          Day   Time               Speaker

  Cantonese   25-May-11   Wed    7:00pm – 9:00pm    Dr. Kyle Wong            Cantonese    30-May-11     Mon   7:00pm – 9:00pm    Mr. Kenneth Leung
                                                                             Cantonese    15-Jun-11     Wed   7:00pm – 9:00pm    Mr. Kenneth Leung
  Cantonese   22-Jun-11   Wed    7:00pm – 9:00pm    Dr. Kyle Wong
                                                                             Cantonese    12-Jul-11     Tue   7:00pm – 9:00pm    Mr. Kenneth Leung

Venue : Suites 601-6, 6/F CITIC Tower, 1 Tim Mei Avenue, Admiralty, Hong Kong (Admiralty MTR Exit E1)
Sign Up online at www.kaplanfinancial.com.hk




                                                                                                  • T. (852) 25263686 • hkfrm@kaplan.com • www.kaplanfinancial.com.hk   P9
      F RM N O V 2 011


                                        eLearning


                    We understand that traditional classroom learning may not work with all
                    people. Some of you are juggling between career and study, which makes
eLearning




                    attending live class almost impossible. With our eLearning, you have the
                    freedom and flexibility to decide what fits your learning style and condition.
                    You decide when and how you learn!


                          •     Stable internet access is required (download speed 500k+)
                          •     Captured from earlier live Education Program
                          •     All annotations and visuals projected in the lecture are captured
                          •     Receive same course materials, access to online resources,
                                student support and student discount as live classes
                          •     Free delivery of course notes to Hong Kong office address at key
                                milestones
                          •     Interact with other eLearners on the discussion forum.
                          •     Trainer support via email




                                 Full motion lecture visuals:
                              You will be able to see the trainer’s
                                 remarks, annotations and any
                              visuals projected during the lecture.
                                  You can easily follow along.                         What you will see while viewing your lectures


                               Trainer’s photo: Kaplan decided
                                 not to capture output, which
                              provides little value and may slow
                                        down buffering.                                                                          System Requirement for eLearning

                                                                                                                                 To hear and view the lectures, you will need:
                                                                                                                                 • PC with a sound card
                                                                                                                                 • Windows Vista, Windows XP, Windows 2000, Windows
                               High quality audio: Clearly                                                                           7 (Linux is not supported)
                               hear the trainer and trainer’s                                                                    • Broadband connection: download speed 500k+
                               response to questions from                                                                        • At least 500Mhz Intel Pentium/Celeron Family or AMD
                                      the live class.                                                                                k6/Athlon/Duron Family or compatible
                                                                                                                                 • Display 800 x 600 minimum; 1024 x 768
                                                                                                                                     recommended
                                                                                                                                 • 256MB RAM
                                DVD-like controls: Pause,                                                                        • Internet Explorer 6.0 or above
                              rewind, fast-forward and stop.                                                                     • Windows Media Player 9.0 or above
                                                                                                                                 • Adobe Acrobat 8.0 or above
                                                                                                                                 • Flash Player 9.0 or above
                                                                                                                                 • Adobe Flash Player plugin

                                Scene-based navigation                                                                           *User system validation is carried out by email within 2 working
                                                                                                                                 days from the date of receipt of enrollment form.




                                                                                        Upgrade to
                                                                   Student              Essential Self-Study Package                     Final Review Pack
                                                                   Discount
                                                                   Add on Kaplan        HK$998                                           HK$1,560
                                                                Schweser Study Tools    (Original: HK$2,300)                             (Original: HK$1,950)
                                                                  at special rates!




P10         KAPLAN FINANCIAL • Financial Risk Manager Nov 2011
                                                                                                                                                          F RM N O V 2 011


                                          Kaplan Schweser Self Study Solutions


                                          Kaplan Schweser:                                     Prepare with Kaplan Schweser, the leader in Financial Exam
                                          Exceeding your FRM®                                  Prep and invest in expert instruction and leading study tools
                                                                                               that can help improve your chance of passing the FRM® Exam.
                                          Exam Prep Expectations



                                          Package –Best Value for Money

                                                    PremiumPlus                              Premium Instruction                         Essential Self-Study
 Exam Prep Study Solutions                            Package                                     Package                                     Package

 Final Review Pack                                                                                                                                    

 8-Week Online Class                                                                                                                                  

 Schweser Study Notes                                                                                                                                  

 Practice Exam Book                                                                                                                                    

 SchweserPro™ QBank (Online)                                                                                                                           

 Schweser's QuickSheet™                                                                                                                                

 InstructorLink™                                           Full                                         Full                                           Partial


                                                    HKD 3,200                                    HKD 2,700                                     HKD 2,300

                                          Subscriptions of all online products will expire on 19 Nov 2011. Kaplan Schweser releases a new version of
                                          products annually as the curriculum changes. Shared use of online tools is prohibited.




InstructorLink™                              Full access for PremiumPlus and Premium                        Resources available in all packages
Online instructional resources and           Instruction Package only
support tools - not for individual sale
                                             Instructor Email Access                                        Interactive Study Calendar
                                             • Connet with an Schweser FRM US faculty for                   • Create a customized daily study plan
                                                 personal assistance
                                                                                                            Searchable FAQs
                                             Video Library                                                  • A searchable database of questions from
                                             • Start preparing early with innovative,                          candidates with complete instructor
                                                 on-demand videos that provide an                              answers
                                                 introductions to the core concepts of the
                                                 FRM curriculum                                             Instructor-led Office Hours
                                                                                                            • A chat room environment connects you with
                                                                                                                FRM managers who provide help and
                                                                                                                guidance with difficult material and
                                                                                                                concepts.
                                                                                                            • Complete archive of all Office Hours
                                                                                                            • Browse by subject

                                                                                                            Exam-Tips Blog
                                                                                                            • Weekly tips, hints, and exam strategies


                                            For product availability, please visit www.schweser.com/frm/




                                                                                                 • T. (852) 25263686 • hkfrm@kaplan.com • www.kaplanfinancial.com.hk         P11
      F RM N O V 2 011


                                  Kaplan Schweser Self Study Solutions


 All Schweser items are available in Part I or Part II.
 The retail price listed herein is for one part.

                                                                                                    HKD 1,500
                                               Schweser Study Notes
                                               with Schweser’s QuickSheet™                                           Special Discounts
                                                                                                                             for Schweser Clients
                                               • 3-book set of critical information from the FRM curriculum
                                                                                                                     At Kaplan Schweser, we value your business and
                                               • Includes Schweser’s QuickSheet™, a laminated, 6-page
                                                 reference tool for topical highlights, key formulas, and            have confidence that our Study Solutions, when
                                                 important definitions                                               used properly, will increase your chances of
                                                                                                                     success on exam day. Your investment in a May
                                                                                                                     2011 PremiumPlus or Premium Instruction Package
                                                                                                                     comes with the coverage of PassProtection™.
                                                                                                    HKD 1,950
                                               Final Review Pack
                                               • 3 hours live online review workshop with instant feedback             If you need to retake the Part 1 & 2 FRM® Exam in
                                                 during Q&A sessions                                                   November 2011, you will be eligible to receive 50% off
                                               • Final Review Exam                                                     a PremiumPlus or Premium Instruction Package.*
                                                 - test yourself with this mock exam
                                                                                                                       Sat for          Exam           Applicable Discount on
                                               • Final Review Guidebook                                                May 2011         Window         PremiumPlus or Premium
                                                 - a concise summary of the FRM curriculum                             Exam                            Instruction Package

                                                                                                                       Failed           Re-take in     50% - Part I
                                                                                                                       Part I Exam      Nov 2011

                                               8-Week Online Class                                                     Failed
                                                                                                                       Part II Exam
                                                                                                                                        Re-take in
                                                                                                                                        Nov 2011
                                                                                                                                                        50% - Part II

                                               (not for individual sale)
                                               • 24 hours of intensive FRM instruction over an 8-week period         * Written documentation regarding failure in the same
                                                                                                                     level of the May 2011 exam and proof of registration for
                                               • Unlimited on-demand review of every 3-hour session
                                                                                                                     the current exam window is required.
                                               • Feedback from instructor during lecture and Q&A sessions




                                               Practice Exam Book
                                               (not for individual sale)
                                               • Two complete exams simulating exam structure and difficulty
                                                                                                                    System Requirement
                                               • Questions similar to those that have appeared on recent FRM        For all products requiring online access and online
                                                 Exams                                                              subscription
                                               • Pinpoint your strengths and weaknesses with online scoring and
                                                 performance tracking                                               Operating System
                                                                                                                    Schweser Pro Q-bank & Weekly Online Program:
                                                                                                                    Windows Vista, Windows XP (with Service Pack 2), or
                                                                                                                    Windows 2000
                                                                                                                    Practice Exam Book: Windows XP Family (Home Edition,
                                               SchweserPro™ QBank online version only                               Professional Edition, or Media Center Edition), Windows 2000

                                               (not for individual sale)                                            Processor
                                                                                                                    At least 500Mhz Intel Pentium/Celeron Family or AMD
                                               • Drill and practice question bank                                   K6/Athlon/Duron Family or compatible
                                                 - test yourself with over 1,000 online practice questions and
                                                   solutions                                                        RAM
                                               • Create personalized exams based on difficulty, length, and topic   256 MB RAM

                                                                                                                    Connectivity
                                                                                                                    Windows Media Player 9.0 or above; either Flash Player 8.0 or
                                                                                                                    above, Shockwave 10.0 or above; Adobe Acrobat 6.0 or above;
                                                                                                                    PowerPoint Viewer 2003 or higher.
                                               Final Review Guidebook
                                               (not for individual sale)                                            Plug-ins
                                                                                                                    Broadband (cable/DSL/T-1), Download speed 500K +
                                               • Focused summaries of the critical concepts
                                                                                                                    Display
                                               • Condensed explanations of topics for quick review                  800 by 600 minimum. 1024 by 768 recommended.
                                               • Overview of critical AIMs to further reinforce key information




P12    KAPLAN FINANCIAL • Financial Risk Manager Nov 2011
                                                                                                                                                           F RM N O V 2 011


                                                                                              Fees and Discounts

Tuition Fee for Campus Program

                                                                                          Premier Price                  Early Bird Price                  Original Price
                                                                                             (HK$)                            (HK$)                            (HK$)
                                                                                         Part I         Part II          Part I          Part II           Part I      Part II
                                                                                          Enroll on or before                Enroll on or before
                                                                                       17 Jun 2011     7 Jul 2011      28 Jun 2011      13 Jul 2011

                                 -   Pre-course (Part I only)
                                 -   Revision Course
          Full Package           -   Mock Exam and Review
                                                                                       $10,800 $11,316                 $11,520 $12,420                   $12,000 $13,800
                                 -   Schweser Study Notes with QuickSheet™


                                 - Pre-course (Part I only)
          Basic Package          - Education Program                                    $9,202        $10,120           $9,523         $10,925           $10,700 $11,500
                                 - Schweser Study Notes with QuickSheet™



                                 - Revision Course
          Revision Course        - Schweser Study Notes with QuickSheet™ *              $4,160         $4,510           $4,940          $5,170            $5,200       $5,500
                                   * if not received from Nov 2011 Education Program




          Mock Exam and                                                                  $680           $750             $765            $900              $850        $1,000
          Review



          Upgrade Schweser
          Study Notes to
          Essential Self-Study
                               only available for Full and Basic Package                        $605                              $605                           $605
          Package




Tuition Fee for eLearning

                                                                                                  Early Bird Price                                    Original Price
                                                                                                       (HK$)                                              (HK$)
                                                                                            Part I                  Part II                    Part I               Part II
                                                                                           Enroll on or before 13 Jul 2011



                                 - Slidepacks for Education Program
          Education Program                                                                $5,850                   $7,310                    $7,800                $8,600
                                 - Schweser Study Notes with QuickSheet™




          Upgrade Schweser Study Notes to Essential
                                                                                                         $998                                             $998
          Self-Study Package

          Final Review Pack                                                                             $1,560                                           $1,560




                                                                                                     • T. (852) 25263686 • hkfrm@kaplan.com • www.kaplanfinancial.com.hk         P13
      F RM N O V 2 011


                                  Fees and Discounts

 Discounts and Financial Subsidies


                                  Campus Course Discounts – Save up to 22% off on tuition fee
                                                    Premier Price    Enroll on or before 17 June 2011
                                  Part I:
                                                    Early Bird Price Enroll on or before 28 June 2011

                                                    Premier Price    Enroll on or before 7 July 2011
                                  Part II:
                                                    Early Bird Price Enroll on or before 13 July 2011



                                  Continuing Education Fund
                                  •      Only Part I Full Package is CEF reimbursable.
                                  •      You must achieve 70% attendance record and 50% pass in mock exam in order to
                                         reimburse course fee from CEF Office.


                                  First time applicants
                                  Submit CEF application form, Kaplan enrollment form FC01 and photocopy of              Institute Code: 519
                                  HK ID card to Kaplan for certification. Kaplan will forward your CEF application       Course Title: FRM® Financial Risk Manager
                                  form to the Office of CEF. If you apply less than 7 days before the course
                                  commencement, you need to obtain certification from Kaplan and then submit             Course code: 23Z07531-A
                                  CEF application on your own.
                                  Your CEF application must be received by Office of the CEF before the
                                  commencement date of the course. Late application will not be accepted.                Important
                                                                                                                         Please use Enrollment Form FC01 to enroll.
                                                                                                                         You should read and understand the ‘Terms
                                  Current holders                                                                        and Guidance Notes for Course Registration’
                                                                                                                         overleaf before submitting the form.
                                  Please indicate your holder status on Kaplan enrollment form.




                                  Interest-Free Installment (For Non-CEF only)
                                  The following credit cardholders can enjoy the interest-free installment
                                  plan for enrollment of Kaplan Financial’s FRM® course if the total
                                  amount (course + materials, if any) is HK$10,000 or above:
                                      Credit Card         Free Installment Periods            Amount
                                                                                              (course + material fees, if any)
                                      HSBC                6 months
                                                                                              HK$ 10,000 or above
                                      Amex                12 months

                                  All cardholders must enroll in person. Only certain types of Amex cards are
                                  eligible. Please check with us at 2526 3686 for details.




                                  Special Rates
                                  Campus Program : Upgrade Schweser Study Notes to Essential
                                                   Self-Study Package for only HK$605. (The original
                                                   price for the Essential Self-Study Package is over
                                                   HK$2,000).
                                                   After upgrade, you will get Schweser Study Notes
                                                   with Quicksheet, Practice Exam Book, SchweserPro™
                                                   Question Bank and partial access to InstructorLink™.
                                  eLearning :                  If you enroll eLearning, you could purchase Schweser
                                                               materials in special rates. For details, please refer to
                                                               the “Tuition Fee for eLearning” on Page 13.




P14    KAPLAN FINANCIAL • Financial Risk Manager Nov 2011
                                                                                                                                                                                       F RM N O V 2 011


                                                                                                           Terms and Conditions

     The following terms and conditions DO NOT apply to individuals needing reimbursement from the Continuing Education Fund
     (CEF), who should refer to the Enrollment Form FC01 and its overleaf for CEF-specific terms and conditions.

Enrollment Policy                                                                                          Cancellation Policy
1.     A completed enrollment form/order form must be accompanied by payment in full.                      22. 50% course fee is refundable at any time up to 2 weeks prior to the course commencement date.
                                                                                                               No refund is allowed thereafter. Enrollments to eLearning are non-refundable once purchased.
2. Prices are subject to change and we reserve the right to charge additional amounts to reflect
   any pricing changes taking effect before course commencement date(s).                                   23. Cost of course notes and all Kaplan Schweser products are not refundable if any materials have
                                                                                                               been collected.
3.     Kaplan Financial reserves the right to cancel a course if enrollment is insufficient and/or make    24. Funds received but not utilized or refunded in accordance with these Terms and Conditions will
       alterations regarding trainers, class locations, class schedules, topic sequence and time               be forfeited to Kaplan Financial.
       allocated to each topic if necessary.
                                                                                                           25. Refund will only be arranged upon the receipt of all necessary documents and course fee paid
4.     Enrollment to eLearning programmes (Cantonese supplemented with English) will only be                   will be refunded to the participant by cheque.
       processed after Kaplan receives the applicants’ signed acknowledgement of having satisfied          26. Cancellations will be subject to an administrative fee of HK$300 per course. This fee is
       Kaplan eLearners’ system requirements. Successfully enrolled eLearning students will receive            non-refundable.
       online access information within 3 working days.
5.     Course details (including confirmed dates and teaching venue) will be emailed to students           Transferal Policy
       approximately 1 week prior to course.                                                               27. The course fee can be transferred to attending another campus class of the same exam sitting 2
6. If student are being sponsored by employer, they are responsible for reimbursing the course fee             weeks prior to the course commencement, subject to class capacity.
   from the employer as Kaplan Financial will not invoice employer (with the exception of in-house         28. Any successful transfer will be subjected to an administrative fee of $300 per course. This fee is
   training).                                                                                                  non-refundable, non-transferrable and non-CEF reimbursable.
                                                                                                           29. Transferal will be subject to availability and is on a first-come first-served basis.
                                                                                                           30. Kaplan Financial bears no responsibility should the transferal request be rejected.
Attendance Policy
7.     Students must sign in for each session as their record of attendance.                               Pass Guarantee (for Part I only)
8. Students have to achieve at least 70% attendance and bear record to qualify for certificate of          31. Must enroll Kaplan’s Part 1 Full Package (campus program) in the November 2011 sitting.
   attendance. No appeal for attendance rate will be entertained. An administration fee of HK$30           32. Have enrolled and attended at least 70% of the full package (campus program) and obtained
   will be charged for each copy per person. This fee is non-refundable, non-transferrable and                 50% or above in mock exam in the November 2011 sitting.
   non-CEF reimbursable.                                                                                   33. Part 1 Exam failures occur before Nov 2011 do not qualify for the offer.
9. Courses are not transferable between individuals.                                                       34. Offer does not apply to eLearning course.
10. Students are not allowed to transfer their enrollment, transfer class, or attend other courses         35. May 2012 Part 1 Revision Course is free and $1,500 will be charged solely for the cost of the
    without Kaplan’s written or email approval.                                                                updated Schweser Study Notes.
                                                                                                           36. May 2012 Part 1 enrollment must be requested no later than January 10, 2012.
11. Regular attendance check will be conducted throughout the course without notice. The purpose
    of this is to protect any illegal attendance and safety of our students. The attendance check          37. This offer is not available in conjunction with any other Kaplan offers or Continuing Education Fund.
    involves a quick check of student’s valid ID.                                                          38. In the event that you need to claim our Pass Guarantee, simply complete our enrollment form and
                                                                                                               attach a copy of your failing score report for Part 1 exam in the November 2011 sitting. You must
12. If students are aware of any suspected trespassers, please inform the course lecturer and/or
                                                                                                               prove that you sat for the exam.
    the administration staff of Kaplan Financial immediately. Any un-paid attendant caught will be
    required to pay the full course fees plus an administrative fee. Kaplan Financial will report the      39. Kaplan needs to verify that your attendance rate is at least 70% before enrolling you to the May
    case to GARP or/and government bodies for misconduct and disciplinary action for permanent                 2012 sitting. Kaplan Financial bears no responsibility should the free retake request be rejected.
    disqualifications. Kaplan Financial will reserve the rights to report to the police and pursue legal       Eligible students are accepted on a first-come, first-served basis. Class capacity limits may apply.
    action against the caught un-paid attendant.
                                                                                                           40% discount for those who have failed with another provider
13. Under all circumstances, only the enrolled and paid students can attend our lectures or use the
    student supporting services. Kaplan does not accept substitutes, in whole or in part, to obtain        40. Must enroll Kaplan’s Full Package (campus program) in the November 2011 sitting.
    services or attend classes and do not accept any payment on the spot. Anyone attend the class          41. Must enroll in same level live training courses at another FRM prep provider in Hong Kong in
    without payment of full course fees in advance will be subject to a full course fee plus an admin          2009, 2010 or 2011 and failed same level exam in the same exam sitting. Exam failures with
    fee (50% of the full course fee) payment on the spot. If students see any suspicious act of illegal        another provider occur before 2009 do not qualify for the offer.
    attendance during the class, please alert our staff. Trespassing is a crime and an attempt to          42. At time of enrollment, please complete our enrollment form and attach a (1) copy of your failing
    make off without payment is an offence under S.18C Theft Ordinance. Kaplan shall report to the             score report and (2) copy of receipt (with student full name) for live training course at another
    police and reserve the rights for further legal actions. The maximum penalty is 3 years                    prep provider.
    imprisonment.                                                                                          43. 40% discount does not apply to the eLearning course, Schweser materials, where relevant.
14. Students who have entered into the Kaplan premises will be bound by Kaplan Financial’s terms           44. Kaplan Financial bears no responsibility should the discount offer be rejected in the event of
    and conditions.                                                                                            incomplete or insufficient proof.
                                                                                                           45. This offer is not available in conjunction with any other Kaplan offers or Continuing Education Fund.
                                                                                                           46. Kaplan reserves the right to modify or cancel this promotion at any time.
Certification for CPT Purpose
15. For subjects relevant to the individuals’ function and which may help to enhance the                   Class Materials
    performance of their job functions would meet CPT purpose. It is up to the employers or                47. Class materials will be distributed to students on regular intervals – first on the first day of the
    corporations to determine suitability of the programme in meeting CPT requirement. Individuals             course and also during the progression of the course.
    are responsible for verifying with their employers using course topics and schedule.                   48. Students must bring stationery and the financial calculator (Texas Instrument BAII Plus or HP 12C)
16. Within one month from the completion of the course, you can submit a request for certificate of            to the class. If students has not used HP 12C financial calculator before, we recommend Texas
    attendance if you have achieved at least 70% attendance. $30 will be charged for successful                Instrument BAII Plus.
    issuance. This fee is non-refundable, non-transferrable and non-CEF reimbursable. Students             49. Students must bring all course notes collected to class. Kaplan Financial does not have spare
    will be notified to collect the certificate at our centre in 14 days.                                      copies to lend.
17. It is a matter of discretion for individual employers to recognize any qualification to which this     50. For eLearning programme, students can choose to collect in person or receive study materials by
    course may lead.                                                                                           courier. For the courier arrangement, the following Delivery & Return policy applies.
                                                                                                           51. Delivery & Return Policy: The postal address you supplied must be confirmed in writing with
                                                                                                               Kaplan. Verbal confirmation is not accepted. Kaplan offers a one-time delivery according to
CEF Policy (applicable to CEF applicant only)                                                                  specified schedule. You are responsible for assuring there is an authorized personnel to receive
18. Course enrollment to FRM Full Package is CEF reimbursable.                                                 the materials at time of delivery. Kaplan will not re-ship study materials that are returned to us.
                                                                                                               You are welcome to collect in person or arrange your own courier services.
19. CEF applicants should submit the completed application form, together with a photocopy of
    the HK ID card to Kaplan Financial 7 days before the course commencement date. They could              Supporting Services
    also submit the completed and certified application form, together with a photocopy of HK
                                                                                                           52. Catch up video (Education Program only): Kaplan Financial does not warrant that the catch-up
    ID card to the Office of the Continuing Education Fund by themselves before the course
                                                                                                               videos will be uninterrupted or error-free. All catch-up videos are provided on as “as is, as
    commencement date.
                                                                                                               available” basis. Attendance will not be counted for watching of a video for CEF, CPT or
20. Kaplan will issue the certificate to CEF holders who have attended 70% of attendance and                   attendance purpose. Booking of catch-up video is on a first-come-first-served basis. Priority is
    obtained 50% or above in mock exam.                                                                        offered to students who were absent on particular sessions. Videos cannot be lent, copied or
                                                                                                               recorded. Videos will be available for booking 4 working days after the session. Bookings must
                                                                                                               be made 3 working days in advance and confirmation from Kaplan is required.
Re-issuance of official receipt
21. An administration fee of HK$30 will be charged for each re-issuance of official receipt. This fee      Copyright Policy
    is non-refundable, non-transferrable and non-CEF reimbursable.                                         53. All class materials and Kaplan Schweser materials are for the sole use by registered students or
                                                                                                               customers only. All materials, in whole or in part, may not be reproduced, shared, lent, copied or
                                                                                                               transmitted in any format or by any means, electronic or mechanical, including photocopying,
                                                                                                               recording, or by any information storage and retrieval system, without written permission from
                                                                                                               Kaplan/Kaplan Schweser. The Unauthorized duplication of class materials or Schweser materials
                                                                                                               is a violation of global copyright laws and the GARP’s Code of Conduct. Trainers will refuse to
     Terms and Conditions are subject to change without notice. Please review the full and most updated
                                                                                                               answer questions from violators.
                                                                                                           54. In an effort to promote the highest ethical standards among FRM candidates, our trainers will
     version from our website www.kaplanfinancial.com.hk periodically. All matters and disputes will be
                                                                                                               refuse to answer questions from students who are using photocopies of Schweser materials,
     subject to the final decision of Kaplan.                                                                  GARP’s publications, and all other FRM publications.



                                                                                                                          • T. (852) 25263686 • hkfrm@kaplan.com • www.kaplanfinancial.com.hk                   P15
FRM
  Nov 2011




Office hours:
9:00 am - 9:00 pm (Mon-Fri)                                                     Tel           : (852) 2526 3686
9:00 am - 6:00 pm (Sat-Sun)                                                     Fax           : (852) 2501 0589
Closed on Public Holidays                                                       Website       : www.kaplanfinancial.com.hk
                                                                                E-mail        : hkfrm@kaplan.com




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Admiralty Campus                                                                                       Wanchai Campus
Suites 601-6, 6/F, CITIC Tower,                                                                        1-2/F, Lucky Centre, 165-167 Wan Chai Road,
1 Tim Mei Avenue, Admiralty, Hong Kong                                                                 Wanchai, Hong Kong
(Admiralty MTR Exit E1)                                                                                (Wanchai MTR Exit A3)




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