Student Handbook :
GLA08FOW501 Provide advice in Derivatives


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GLA08FOW501 Provide advice in Derivatives

Version 3: Approved by the Training and Development Manager 15/05/08

Contents

About this Course. 2

Purpose. 2

Prerequisites. 2

Delivery. 2

Nationally recognised units of competency. 2

Course contents. 2

Assessment 2

Formative assessment 3

Assignments. 3

Validatory tests. 3

Emailed essays. 3

Certificates and awards. 3

Time taken to complete the course. 4

Resources. 4

Related Policies/Procedures. 4

Summary of Courseware components. 4

 

 

About this Course

Purpose

This course is designed for those who wish to satisfy ASIC's minimum requirements for working as a financial adviser in securities. The course is listed on the ASIC training register.

It is suitable for those already working in the financial services industry, or those wishing to enter the industry.

Prerequisites

There are no prerequisites

Delivery

This course is delivered on-line. Much of the assessment is also done on-line. To complete this course you will need access to a computer and the internet.

Nationally recognised units of competency

By satisfactorily completing this course, you will have demonstrated the following nationally recognized competencies:

If you click on the links above you will see exactly what each competency involves. You will notice there is some degree of overlap. By completing this course, instead of studying each unit of competency separately, you will save time.

Course contents

When you enrol in this course, you will be given access to a number of lessons organized into topics of 5-20 lessons. The lessons are listed at the bottom of this page. As you work your way through these lessons, you will be asked to respond to a number of interactive questions. Your answers will be recorded and these records will provide evidence of your competency. Don't worry if you get a question wrong: just try again until you get it right! We don't look at what you got wrong: only what you got correct.

 

Many students are already familiar with some of the course content. If this is so, open the lessons and go directly to the questions. If you get the questions right, skip to the next lesson.

When you feel you know the material well enough, arrange with us to begin the assessment.

Assessment

The assessment is in 4 parts.

Formative assessment

This consists of your responses to questions in the lessons. Remember just keep trying till you get them right: we are only interested in what you got correct. As long as you end up competent, it doesn't really matter how you got there or how long it took!

Assignments

The assignments involve simulated clients to whom you have to give appropriate advice. You also have to be sure they have filled out the right forms, and that you have disclosed all the relevant information. There is not a single right answer for a particular client, but there are some definite wrong answers. You won't pass the assessment if, for example, you try advising a 90-year-old pensioner on a small fixed income to start trading futures!

You do the assignments unsupervised and you can use any resources available to advisers in the course of their work.

 

Validatory tests

We need to be sure that the person who sat at the computer, responding to questions and sitting assignments, was really you. Therefore, we organise for you to sit a supervised test in premises close to your home or work. You need to bring to the test photo ID (a driver's licence will do.) The test questions are ones you have already done as part of the assignment or when studying lessons. People who genuinely did the study and assignments have no trouble passing the test.

 

Emailed essays

To demonstrate your communications skills, we ask you to send us three emails reflecting on how you can use the knowledge and skills you are developing in your dealings with clients.

 

Certificates and awards

When you complete this course you will receive

  • A certificate stating that you have completed a course listed on the ASIC training register, and
  • A statement of attainment listing the nationally recognized units of competency you have satisfactorily completed.

You can use the certificate to demonstrate to employers that you have satisfied ASIC's RG146 requirements.

You can use the Statement of Attainment to apply for Credit Transfer with another Registered Training Organisation

Time taken to complete the course

This course contains approximately 240 hours (30 days) of courseware and assessment. A nominal time of 240 hours means that the average adult with at least Year 12 (VCE) and little prior knowledge could be expected to take 240 hours to complete this unit course. Since most of those who will enrol in this unit have considerable prior knowledge, they will complete the material much more quickly.

If you have completed another course with Gryphon Learning, you may have already completed some of the lessons below. You don't need to repeat them: we will use the responses you gave last time.

Resources

ASIC's Regulatory Guides, Information Sheets http://www.asic.gov.au/asic/asic.nsf/byHeadline/New%20regulatory%20documents

NTIS

Related Policies/Procedures

  • Code of Practice
  • Recognition of Prior Learning
  • Continuous improvement
  • Recognition of Prior Learning
  • Equity and access
  • Learning and assessment policy &procedure
  • Resources

Summary of Courseware components

Topic

Lesson

A03s001t01 Types of risk

A03s001t01l00: Types Of Risk

A03s001t01l01: Mismatch Risk Q1-11

A03s001t01l02: Inflation Q1-9

A03s001t01l03: Interest Rate: Reinvestment, Market Volatility Q1-14

A03s001t01l04: Market Risk Q1-10

A03s001t01l05: Market Timing Q1-10

A03s001t01l06: Lack Of Diversification Q1-10

A03s001t01l07: Currency Q1-10

A05s031t01 Contracts

A05s031t01l00: Contracts Q1-na

A05s031t01l01: Contracts Q1-10

A05s031t01l02: Types Of Contracts Q1-11

A05s031t01l03: Terms Of Contracts Q1-10

A05s031t01l04: False And Misleading Information Q1-5

A05s031t01l05: Unfair Contracts Q1-8

A05s031t01l06: Broken Contracts Q1-7

A05s033t01 Agency

A05s033t01l00: Agency Q1-na

A05s033t01l01: Principal Q1-12

A05s033t01l02: Agent Q1-9

A05s033t01l03: Creating An Agency Q1-7

A05s033t01l05: Duties Of An Agent Q1-7

A05s033t01l06: Liability Of An Agent Q1-7

A05s033t01l07: Ending An Agency Q1-8

A07s002t01 ASX Business Rules Section 7

A07s002t01l00: Compliance for ROs and REs Q1-na

A07s002t01l01: Market Rules 7.1 - Disclosure Q1-16

A07s002t01l02: Market Rules 7.3 Trading as Principal Q1-11

A07s002t01l03: Verification of client details Q1-13

A07s002t01l04: Client Instructions and Order Priority Q1-11

a09s030t01 Fraudulent Market Manipulation

a09s030t01L00: Fraudulent Market Manipulation Q1-

a09s030t01L01: Market Manipulation Legislation Q1-10

A09s030t01l02: Fraudulent Manipulation Q1-10

a09s030t01L03: Law regarding market manipulation Q1-10

a09s030t01L04: Short Selling Q1-10

A10s032t16 Markets and securities

A10s032t16l00: Markets And Securities Q1-15

A10s032t17 Buying and selling shares

A10s032t17l00: Buying And Selling Shares Q1-14

A11s002t01 Intro to ratios

A11s002t01l00: Intro To Ratios Q1-na

A11s002t01l01: Risk Vs Return Q1-5

A11s002t01l02: Ratios Q1-10

A11s002t01l03: Ratio Groups And Rules Q1-9

A11s002t01l04: Understanding Ratio Tables Q1-10

A11s002t02 Ratio Groups

A11s002t02l00: Ratio groups Q1-na

A11s002t02l01: Valuation Ratios Q1-10

A11s002t02l02: Profit Margins Ratios Q1-10

A11s002t02l03: Growth Rates Ratios Q1-10

A11s002t02l04: Financial Strength Ratios Q1-10

A11s002t02l05: Management Effectiveness Ratios Q1-10

A13s001t05 Portfolio management

A13s001t05l00: Portfolio Management Q1-na

A13s001t05l01: Rational For Portfolio Diversification Q1-10

A13s001t05l02: CAPM Model Q1-10

A13s001t05l03: Active And Passive Portfolio Management Q1-10

A13s001t05l04: Portfolio Construction Q1-10

A13s001t05l05: Risk Adjusted Performance Measures Q1-10

A13s001t05l06: Problems With Performance Measurement Q1-10

A13s001t05l07: Assessing The Contribution Of Management Q1-10

A15s002t01 Securities risk

A15s002t01l00: Securities Risk Q1-na

A15s002t01l01: Volatility Q1-10

a15s002t01L02: Liquidity Q1-na

A15s002t01l03: Short Selling Q1-10

A15s002t01l04: Economic Environment Q1-10

A15s002t01l05: Equities And Industry Sectors Risk Q1-11

A15s002t01l06: Options Q1-10

A15s002t01l07: Futures Risk Q1-10

A15s002t01l08: Margin Loans Q1-10

a15s002t01L09: Hedging Q1-na

A15s002t01l10: Diversification Q1-6

a15s003t01 Tax and securities

a15s003t01L00: Tax And Securities Q1-na

a15s003t01L01: Imputation Q1-30

a15s003t01L02: Capital Gains Tax Q1-30

a15s003t01L03: Sales Tax Q1-30

a15s003t01L04: Tax And Options Q1-30

a15s003t01L05: Stamp Duty Q1-na

a15s003t01L06: Realising Losses Q1-30

a15s003t01L07: Dividends Q1-na

a15s003t01L08: Employee Options & Share Schemes Q1-30

a15s003t01L09: Offsetting Losses Q1-30

a15s003t01L10: Capital Restructuring Q1-30

a15s006t02 Securities Portfolios

a15s006t02L00: Securities Portfolios Q1-na

A15s006t02l01: Range Of Securities/Futures Products Q1-10

A15s006t02l02: Investment Options Using Securities Products Q1-

A15s006t02l03: Portfolio Risk Q1-10

A15s006t02l04: Risk Tolerance And Asset Allocation Q1-10

A15s006t02l05: Diversification And Portfolio Risk Q1-10

A15s006t02l06: Optimally Risky Portfolios Q1-10

A15s006t02l07: Hedging With Options Q1-10

A15s006t02l08: Hedging With Futures Q1-10

A15s006t02l09: Passive Portfolio Management Q1-10

A15s006t02l10: Active Portfolio Management Q1-10

A18s001t01 Introduction to Warrants

A18s001t01l00: Introduction To Warrants Q1-

A18s001t01l01: Types Of Warrants Q1-16

A18s001t01l02: Features Common To All Warrants Q1-13

A18s001t01l03: Benefits Common To All Warrants Q1-20

A18s001t01l04: Risks Common To Warrants Q1-9

A18s001t01l05: Some Factors Affecting The Price Of Warrants Q1-15

A18s001t01l06: Buying Warrants Q1-16

A18s001t01l07: Difference Between Warrants And Options Q1-10

A19s001t01 Options

A19s001t01l00: Options Q1-na

A19s001t01l01: Types Of Options Q1-10

A19s001t01l02: Writing And Taking Options Q1-11

A19s001t01l03: Margin Calls Q1-8

A19s001t01l04: Options – The Players Q1-6

A19s001t01l05: Options – The Advantages Q1-5

A19s001t01l06: Options Risks: Consequences Q1-10

A19s001t01l07: Payoff Diagrams Q1-9

A19s001t01l08: Option Risks - Volatility Q1-6

A19s001t01l09: Option Risks - Odds Q1-10

A19s001t01l10: Components Of A Contract Q1-8

A20s000t01 Economics introduction: Topic overview

A20s000t01l01: Economics Intro Q1-14

A20s000t01l02: Domestic Economy Q1-28

A20s000t01l03: The World Economy Q1-12

A20s000t01l04: Economics At The Industry Level Q1-11

a20s010t04 Financial Markets and intermediaries

a20s010t04L00: Financial Markets And Intermediaries Q1-na

A20s010t04l01: Financial Institutions Q1-10

a20s010t04L02: Exchanges Q1-10

a20s010t04L03: Markets Q1-9

a20s010t04L04: Settlement And Clearing Houses Q1-11

a20s010t04L05: Electronic Systems Q1-na

a20s010t04L06: Market Makers Q1-na

a20s010t04L07: Brokers And Intermediaries Q1-9

a20s010t04L08: Fund Managers Q1-10

a21s001t03 Futures

a21s001t03L00: Futures Q1-na

A21s001t03l01: Futures Contracts Q1-10

A21s001t03l02: Futures Exchanges Q1-10

a21s001t03L03: SFE Business Rules Q1-9

A21s001t03l04: Clearing House And Open Interest Q1-10

A21s001t03l05: Margins Q1-7

A21s001t03l06: Delivery Q1-10

A21s001t03l07: Commodities Futures Q1-6

A21s001t03l08: Stock Index Futures Q1-9

A21s001t03l09: Other Types Of Futures Q1-10

A21s001t03l10: Futures And Risk Q1-10

a25s001t01 Taxation

a25s001t01L01: The Australian Taxation Systems Q1-15

a25s001t01L02: Income Tax Q1-15

a25s001t01L03: Deductions Q1-14

a25s001t01L04: Rebates Q1-15

a25s001t01L05: Goods And Services Tax Q1-30

a25s001t01L06: Fringe Benefits Tax Q1-28

a25s001t01L07: Capital Gains Tax Q1-10

a25s001t01L08: Who Pays Income Tax Q1-27

a25s001t01L09: Tax And Superannuation Contributions Q1-28

a25s001t01L10: Tax And Superannuation Benefits Q1-na

a25s001t05 Portfolio Management

a25s001t05L00: Portfolio Management Q1-na

A25s001t05l04: Diversification And Portfolio Risk Q1-7

a25s001t05L05: Diversification, International, Investment Types, Sectors Q1-10

A25s001t05l07: Portfolio  Valuation Q1-12

A25s001t05l10: Hedging Q1-12

A25s001t05l11: Dollar Cost Averaging Q1-11

a25s002t02 effects of taxation on particular financial products

a25s002t02L00: Effects Of Taxation On Particular Financial Products Q1-

a25s002t02L01: Shares Q1-30

a25s002t02L02: Real Estate Q1-30

a25s002t02L03: Interest Bearing Securities Q1-30

a25s002t02L04: Managed Investments Q1-30

a25s002t02L05: Effects Of Taxation On Financial Strategies Of Individuals And Entities Q1-30

a25s002t02L06: Salary Packaging Q1-30

a25s002t02L07: Superannuation Q1-30

a25s002t02L07: Superannuation Q1-na

a25s002t02L08: Fringe Benefits Q1-30

a25s002t02L09: Tax And Fixed Interest Markets Q1-30

a25s002t02L10: Tax And Managed Funds Q1-30

A25s008t01 Superannuation

A25s008t01l00: Superannuation Q1-na

A25s008t01l01: Advantages And Disadvantages Q1-10

A25s008t01l02: Types Of Funds Q1-10

A25s008t01l03: Tax Concessions Q1-10

A25s008t01l04: Superannuation Contributions Surcharge Q1-10

A25s008t01l05: Access To Benefits Q1-10

A25s008t01l06: Tax On Lump Sum Withdrawals Q1-10

A25s008t01l07: Rolling Over Q1-10

a40s104t01 Compliance

a40s104t01L00: Compliance Q1-na

a40s104t01L01: An Introduction to Compliance Q1-15

a40s104t01L02: Legislation Overview – Financial Services Reform Act 2001 Q1-20

a40s104t01L03: Legislation Overview – The Corporate Law Q1-20

a40s104t01L04: Economic Reform Program Q1-20

a40s104t01L05: The Australian Stock Exchange (ASX) Q1-20

a40s104t01L06: Regulators – ASIC Q1-20

a40s104t01L07: Regulators - APRA Q1-20

a40s104t01L08: Implementing Compliance Programs AS3806 Q1-20

a40s104t01L09: Industry Codes of Practice Q1-20

a40s104t01L10: Competency Compliance: ASICs PS146 Q1-15

a40s104t01L11: AFS Licensing Q1-20

a40s104t01L12: Disclosure Q1-20

a40s104t01L13: Conduct Q1-20

a40s104t01L14: Dispute resolution Q1-20

a40s104t01L15: Managing Conflicts of Interest Q1-20

a40s104t01L16: Financial Requirements Q1-19

a40s104t01L17: Authorised Representatives Q1-19

a40s104t01L18: Responsible officers Q1-19

a40s104t01L19: Breach Reporting Q1-20

a40S105t01 Anti Money-laundering

a40S105t01L01: What is money laundering Q1-10

a40S105t01L02: Existing Laws and the need for change Q1-10

a40S105t01L03: Introduction to the new laws Q1-10

a40S105t01L04: The effect of the new laws Q1-20

a40S105t01L05: Anti Money laundering and counter terrorism financing programs Q1-20

a40S105t01L06: Application of the new laws Q1-20

a40S105t01L07: Verification of the identity of an existing customer Q1-15

a40S105t01L08: Reporting obligations Q1-20

a40S105t01L09: Reporting obligations 2 - transactions and funds transfers Q1-20

a40S105t01L10: Reporting obligations 3 - Compliance reports Q1-15

a40S105t01L11: Electronic Funds Transfer Instructions 1 - Key Concepts Q1-30

a40S105t01L12: Electronic Funds Transfer Instructions 2 - Obligations And Exceptions Q1-30

a40S105t01L13: Record-keeping Requirements Q1-30