• Full Value Academy

    Full Value Financial Services (Pty) LTD is a Bankseta-registered financial training and consulting company.

    About Full Value:


    We focus on providing generic and customised workshops and internationally accredited courses (ACI) to a wide range of clients in the financial and banking industry Our courses are all accredited by the relevant overseeing institutions. 

    We strive for excellence by adding VALUE, with an approach which is holistic and client specific. Our goal is to assist our clients in achieving their full potential, by providing financial training and consulting services that are professional, accurate, relevant and practical.


    Our courses:


    • ACI accredited Dealing and Operations.
    • Bankseta accredited National Certificate: Financial markets and Instruments - An NQF6 learnership.
    • FPI and IOBSA accredited CPD online courses.
    • NQF7 financial courses in conjunction with an accredited tertiary education institution.
    • On demand courses tailor made for clients and online facilitation.
    • Fintech courses.

     Accreditations:    ACI Logo      Bank Seta Logo     FPI Logo   IOBSA Logo


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Available courses

Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner
Skill Level: Beginner

  •   Explain the economic cycle in terms of recession, depression, recovery and boom
  •  Explain the concepts of demand, supply and equilibrium and illustrate it graphically
  •   Compare the concepts of nominal and effective / real with reference to interest rates and GDP

 


Skill Level: Beginner

This unit standard requires learners to apply basic financial mathematics to calculate interest rates, time value of money and yields to financial market instruments and use statistical models to assist in decision making in the financial markets.

Skill Level: Beginner

Financial Statement Analysis 

This unit standard requires learners to identify the four basic financial statements and evaluate the liquidity, efficiency, profitability and risk of the company using standard financial ratio analysis.

Short presentation videos further explain some of the important concepts via graphical presentations and examples. It complements the Book content and has the added benefit of user control.

The PDF reading material overlaps with the book content and is available for download.


Skill Level: Beginner

COURSE OVERVIEW

Principles of Financial Statement Analysis: (FPI)

FPI Approval No: 

Description:

Financial statement analysis is the basis for valuing a company as a potential investment. It generates a fair value estimation of a listed or unlisted company that can be compared to the market price, in order to establish over- or undervalued situations.

These concepts are the cornerstone of fundamental analysis and the course conveys the core expertise of this specialist function      

 

Course Overview:

  • A Conceptual framework of financial statements as input to valuations
  • Identifying revenue streams of a firm using financial statements
  • The characteristics of financial success at company level
  • Ratio analysis principles and their uses
  • Financial market ratios and how to apply them
  • Reporting on the financial viability of a firm
Skill Level: Beginner

The Bond Market

SPECIFIC OUTCOMES:

  •  The goal of this CPD course is for students to understand the calculation principles and cash flows related to Bonds and Bond risk.
  •  These notes can be effectively utilized on a continuous basis as concise bond reference content. 

At the end of this course, learners will be able to:

  1. Explain the structure and functioning of the financial markets sector.
  2. Demonstrate an understanding of the international fixed interest and bond instruments and markets.
  3. Have a conceptual understanding of the cash flows and calculations pertaining to the major bond types
  4. Understand the various risk measuring alternatives for bonds 

 


Skill Level: Beginner

History is littered with examples of financial institutions and companies that have endured deep crises, or indeed collapsed, due to misjudgments. These could be misjudgments due to the price of oil, due to the price of property, due to the gold price and are often the misjudgments on the direction of an exchange rate or an interest rate. The fact that these positions were taken with derivative instruments is ultimately irrelevant. The real problem was the “original wrong” view on the market. To blame derivative transactions is like saying that it was the bullet that killed the person, when in fact it was the man who fired the gun who was at fault!

Negative publicity surrounding derivatives means that the uninformed or misinformed company may interpret the use of any derivatives as highly speculative – even when they are used for risk management. The term derivative seems enough to strike fear into the boardrooms of some of our major companies.

Used correctly, derivatives perform hedging and risk management functions; used incorrectly and speculatively, derivatives can lose you (or make you) large sums of money.

Skill Level: Beginner

Intro to Principles of Futures Derivatives ( FPI 2 CPD points)

FPI Approval No: FPI 21070013

History is littered with examples of financial institutions and companies that have endured deep crises, or indeed collapsed, due to misjudgements. These could be misjudgements due to the price of oil, due to the price of property, due to the gold price and are often the misjudgements on the direction of an exchange rate or an interest rate. The fact that these positions were taken with derivative instruments is ultimately irrelevant. The real problem was the “original wrong” view on the market. To blame derivative transactions is like saying that it was the bullet that killed the person, when in fact it was the man who fired the gun who was at fault!

Negative publicity surrounding derivatives means that the uninformed or misinformed company may interpret the use of any derivatives as highly speculative – even when they are used for risk management. The term derivative seems enough to strike fear into the boardrooms of some of our major companies.

Used correctly, derivatives perform hedging and risk management functions; used incorrectly and speculatively, derivatives can lose you (or make you) large sums of money!

In the words of a prominent industrialist, “as the role of derivatives in risk management grows, it is essential that the treasury functions within a business become increasingly adept at making proper and effective use of these instruments.” Source: Mastering Derivatives Markets – Francesca Taylor


Skill Level: Beginner

CPD activity name: CPD FRAs Swaps and Credit Derivatives 
CPD Hours Allocated: 2 CPD Hour
FPI Approval No: FPI 21060101

Before embarking on the exploring Swaps and FRA’s we need to explain and define the general meaning and background of Derivatives.

History is littered with examples of financial institutions and companies that have endured deep crises, or indeed collapsed, due to misjudgments. These could be misjudgments due to the price of oil, due to the price of property, due to the gold price and are often the misjudgments on the direction of an exchange rate or an interest rate. The fact that these positions were taken with derivative instruments is ultimately irrelevant. The real problem was the “original wrong” view on the market. To blame derivative transactions is like saying that it was the bullet that killed the person, when in fact it was the man who fired the gun who was at fault!

Negative publicity surrounding derivatives means that the uninformed or misinformed company may interpret the use of any derivatives as highly speculative – even when they are used for risk management. The term “derivative” seems enough to strike fear into the boardrooms of some of our major companies.

Skill Level: Beginner
This unit standard requires learners to apply basic financial mathematics to calculate interest rates, time value of money and yields to financial market instruments and use statistical models to assist in decision making in the financial markets.
Skill Level: Beginner

Intro to Fintech in FS Industry ( FPI 6.5 CPD points)

FPI Approval No: FPI 21020142


This module requires learners to develop an awareness of Fintech and the challenges (indirect as well as direct) presented to the financial services sector.  It is intended to promote an overview and general understanding of concepts such as the Fourth Industrial Revolution, the role of Algorithms and Artificial Intelligence, Blockchain and Cyber Security.

This module has the following specific outcomes:

SPECIFIC OUTCOMES:

  1. Appreciate the impact of the Fourth Industrial Revolution on the Financial Services Sector.
  2. Understand algorithms as a fundamental driver of technology. 
  3. Comprehend the uses of artificial intelligence and machine learning in the financial services environment.
  4. Understand the basics of blockchain as a fintech disruptor.
  5. Value ethics and ownership in fintech.
  6. Interpret  the importance of cyber security
Skill Level: Beginner

Approval No: FPI 21060080

Economics can be described as a social science concerned with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices on allocating resources to satisfy their wants and needs and tries to determine how these groups should organize and coordinate efforts to achieve maximum output.

There are many branches to economics – the two primary branches being macroeconomics and microeconomics.

Skill Level: Beginner

(FPI 4 CPD points) Approval No: FPI 21060092

You Must complete the Book and Reading Material before attempting the Quiz

Description:  
Evaluating technical reports and charts is an important complementary skill in conjunction with fundamental analysis when advising clients and/or managing portfolios.  

The course covers the basics of technical analysis (charting). The intention is primarily to equip readers with the ability to gain insight from and effectively assess technical analysis reports. A structured and logical approach is followed to ensure a large degree of consistent success over time.   

Course Outline:  

  1. Basic Tenets and Comparison to Fundamental Analysis

A thorough study of the relevant techniques used in technical forecasting is a prerequisite for the effective application thereof.

  1. Human Behaviour- Why Technical Analysis is Effective

The supporting rationale of technical analysis is compared to fundamental analysis as in introduction to the complementary potential of charting.   

  1. Building Blocks of Technical Analysis
  • Chart types
  • The concept of trend
  • Support, resistance and trend lines
  • Different moving averages
  • Oscillators 
  • Chart formations and patterns

4.    Combining Analysis Techniques Optimally

Correctly combining the various technical tools in an optimal decision-making structure

Why this course?

Successful analysis is a skill that is accomplished over time through knowledge expansion and continual practical application. This course is designed to introduce a solid theoretical knowledge base, as well as instil practical evaluation abilities, in contrast to other offerings that promise instant success by only providing a few pointers on the subject.

Full Value’s Approach:

  • The structured methodology provides an excellent theoretical and practical foundation to enhance analysis capabilities over time.

Skill Level: Beginner

Foreign Exchange Trading Principles

Approval No: FPI 177795

The Foreign Exchange Book is designed to transfer knowledge in small segments that can be easily navigated and revisited. It is the primary resource and should be the initial point of study. The segmented structure also allows learners to only concentrate on the areas where competency is required.

Short presentation videos further explain some of the important concepts via graphical presentations and examples. It complements the Book content and has the added benefit of user control.

The PDF reading material overlaps with the book content and is available for download.


Skill Level: Beginner

Money Markets Theory ONLINE COURSE : ( FPI 3 CPD points)

FPI Approval No: FPI 19110032

Description: 

The money market is the base for all other investment vehicles and markets with the added benefit of a low risk and volatility profile.

Most investors and advisors utilize the money market by design and even by default as a low-risk investment vehicle in uncertain times, ensuring liquidity in general portfolios and achieving the correct blend of risk for an optimal risk-adjusted return profile in most market conditions and risk scenarios. This course is designed to create a better general understanding of money market investments and relevant application areas.

Course objective: To equip readers with the basic knowledge of  SA money market instruments and how to trade them. The pricing of the various instruments will be dealt with in a separate short course. This will ensure that investors and advisors can extract the maximum benefit out of short term liquidity and low-risk cash type holdings.


Skill Level: Beginner

SA EQUITY MARKET ONLINE COURSE : (FPI 3 CPD points)

FPI Approval no: FPI 21060081

Course Objective: Equities investments and trading are a vital capital market activity. This short course will primarily explain the mechanics of equity markets in general, with specific reference to the South African example. A thorough analysis of listed companies, the economy and other influencing factors as a prerequisite for sound and profitable investment decisions will be handled in a separate course.

        

Course Content:

  • Listings- why do companies list on stock exchanges
  • Stock exchanges as the market place for listed equity counters are explained with reference to the various South African exchanges.
  • The types of stock exchange systems that are used in the world and the various methods of order executions
  • Types of shares that can be traded and their differentiating features.
  • Corporate actions explained in terms of event types and rationale
  • The pivotal role and functions of a Central Securities Depository
  • Share indices explained and demystified with special reference to local and important international indices.
  • The types of orders that can be placed by brokers on an exchange
  • Securities lending defined and clarified in detail with examples
  • A short differentiation between Equity, Debt and Loan Instruments

 Rationale:

An in depth knowledge of equity market mechanics, as well as clarification of terminology should lead to a better appreciation and efficient use of the structures available.


Skill Level: Beginner

BOND ONLINE COURSE : FPI 2.5CPD POINTS: IOBSA 5CPD POINTS.

FPI Approval No: FPI 21060079

You Must complete the Book and reading Material before attempting the Quiz


Course objective:
Bonds complement growth assets in an investment portfolio to create an optimal risk adjusted return profile in most market conditions and risk scenarios. This course is designed to create a better general understanding of fixed interest investments and their application areas. Opposing issues around this asset class will also be examined.
The objective is to equip attendees with the basic knowledge of fixed interest instruments as an important tool in addressing client’s risk, diversification and income needs. The short course format excludes any comprehensive study on the subject matter and the content is a conceptual overview.
Course content:

1. Recap: What is a bond? The relationship between price and yield as an underlying principle.
2. Understanding of the three main types of Bonds with respect to their return and risk profiles. This is achieved via a conceptual discussion of the various cash flows (no detail financial calculations).

  • Vanilla Bonds
  • Floating rate notes and shorter money market investments
  • Inflation linked bonds

3. Knowledge application by comparing the respective bond risk and return profiles to one another, as well as to equity investments. The comparison will be explained via the differences in risk and cash flows to create a better understanding of bond application areas.
4. Various market conditions and their theoretical influence on bond returns and performance.
5. Risk factors unique to bonds
, i.e. duration, credit risk, basis points, opportunity cost. This will be a short overview
6. Practical factors related to bond investing

  • Market access and tradability
  • Bond funds and costs


Skill Level: Beginner

The ACI Operations Certificate New Version exam has been designed to cover the basic competence skills for the new entrants in roles of Back and Middle Office environments, as a well-trained and efficiently organised Treasury Operations Department is essential to complete every financial markets transaction. This Department provides a vital service to the Front Office by ensuring that all funds flow in a timely and correct manner and that all necessary documentation is completed.

Taking into consideration the wider job function of staff in the Treasury Operations Department, the Syllabus has been built to provide a benchmark for competency in all aspects of the operations and settlement processes. It aims to test candidates' knowledge of the underlying instruments involved in the international financial markets, the processes for efficient settlements and related basic financial calculations. Candidates should also be able do demonstrate appreciation of the scope, importance and the role of the Treasury Operations Department, particularly in ensuring an autonomous and independent service to the Front Office.

The Syllabus and the respective exam have been designed with five topics covering the full range of foreign exchange, interest rates and commodities instruments, as well as their related markets with questions based on theory and practical knowledge, in addition to financial markets environment and applications with questions based on theory.

Building upon the competence skills provided by the ACI Operations Certificate New Version, future financial market professionals will be expected to prove their knowledge and adherence to good market practices embedded in the FX Global Code and other relevant industry's Codes and Regulations.


Skill Level: Beginner

Introduction

The ACI Dealing Certificate New Version Exam has been designed to cover the basic competence skills for the new entrants in dealing floors and all other financial markets roles related to foreign exchange, interest rates and commodities instruments. The Syllabus has been built to allow basic understanding of these instruments and the related financial markets segments, therefore providing the required competence level for existing or future financial markets professionals. The Syllabus and the respective exam have been redesigned with five topics covering the full range of foreign exchange, interest rates and commodities instruments, as well as their related markets with theoretical and quantitative questions, in addition to financial markets environment and applications with theoretical questions.

Building upon the competence skills provided by the ACI Dealing Certificate New Version, future financial market professionals will be expected to prove their knowledge and adherence to good market practices embedded in the FX Global Code and other relevant industry’s Codes.

The course of study for the ACI Dealing Certificate New Version is designed for:

 Recent entrants and junior dealers (0-24 months experience) in the dealing room

 Middle office and operations personnel

 Compliance and risk officers

The ACI Dealing Certificate New Version is a precursor to the ACI Diploma exams.

There are five core subject areas in the ACI Dealing Certificate New Version:

 Financial Markets Environment

Foreign Exchange

Rates (Money and Interest Rate Markets)

FICC (Fixed Income, Currency and Commodities) Derivatives

Financial Markets Applications

Skill Level: Beginner

The ACI Dealing Certificate is a foundation programme that allows candidates to acquire a working knowledge of the structure and operation of the major foreign exchange and money markets,application of the fundamental mathematics used in these markets, core products (cash, forwards and derivatives) and basic skills required for competent participation.

The course is designed for the following groups:

  • New entrants and junior dealers (0-18 Month’s Experience) in the dealing room
  • Middle office and operations personnel
  • Auditors and compliance officers


Skill Level: Beginner

No transaction can take place without the back-office. It provides a vital service to the front office by ensuring that all funds flow in a timely and correct manner and all necessary documentation is completed. This examination has been designed to provide a benchmark for competency in all aspects of the operations process.

The ACI Operations Certificate supports treasury operations teams and related groups to efficiently cope with stronger competition in the financial markets and to smooth co-operation with supervisory bodies. Candidates will become up-to-date with the latest developments that affect the treasury operations. It also helps candidates to develop a front to end treasury view in terms of process promoting a better understanding between trading community and operations staff.

The course is designed for the following groups:

  • Operations staff with at least 2 years of experience and seniors
  • Other Trading Room Support Areas
  • Internal and external Auditors
  • Compliance and Risk Officers
  • Product Control
  • Vendors

Skill Level: Beginner

The ACI Diploma builds on the ACI Dealing Certificate and the ACI Operations Certificate and is designed to ensure that candidates acquire a superior theoretical and practical knowledge of the foreign exchange and money markets, their related instruments, and the connections between those markets and the practice of risk management. Candidates are expected to have acquired a solid grounding in the core subject areas and have the necessary background in financial mathematics prior to enrolling for the Diploma.

Whereas formerly exam questions for the Diploma were focused on the markets in London and Frankfurt, they have now been extended to encompass developments in Asia and the Americas, ensuring that the examination retains its global relevance. In addition, the new Diploma covers a wider range of topic baskets, including a greater emphasis on risk management in the light of recent developments in global financial markets. In addition to FX and money markets, the new ACI Diploma Covers Fixed Income, Options, FRAs, Swaps, as well as both fundamental and technical analysis.



Skill Level: Beginner

Description:Evaluating technical reports and charts is an important complementary skill in conjunction with fundamental analysis, when advising clients and/or managing portfolios.  The course covers the basics of technical analysis (charting). The intention is primarily to equip readers with the ability to gain insight from and effectively assess technical analysis reports. A structured and logical approach is followed to ensure a large degree of consistent success over time.   

Course Outline 

  1. Basic Tenets and Comparison to Fundamental Analysis

A thorough study of the relevant techniques used in technical forecasting is a prerequisite for the effective application thereof.

  1. Human Behaviour- Why Technical Analysis is Effective
The supporting rationale of technical analysis is compared to fundamental analysis as in introduction to the complementary potential of charting.   
  1. Building Blocks of Technical Analysis
  •      Chart types
  •      The concept of trend
  •      Support, resistance and trend lines
  •      Different moving averages
  •      Oscillators
  •      Chart formations and patterns
  •      An introduction to Fibonacci retracements and projections

4.    Combining Analysis Techniques Optimally

Correctly combining the various technical tools in an optimal decision making structure  

Why this course?

Successful analysis is a skill that is accomplished over time through knowledge expansion and continual practical application. This course is designed to introduce a solid theoretical knowledge base, as well as instil practical evaluation abilities, in contrast to other offerings that promise instant success by only providing a few pointers on the subject.

Full Value’s Approach:

  • The structured methodology provides an excellent theoretical and practical foundation to enhance analysis capabilities over time.

Skill Level: Beginner