Foreign Exchange (General Advice)

Course Overview

This course provides an understanding of the knowledge and skills an adviser or support staff requires to provide advice in relation to foreign exchange.

This is a stand alone course that is listed on the ASIC Training Register and provides partial recognition towards a nationally recognised qualification - the Diploma of Financial Services (Financial Planning) (DFS-C - Classroom or DFS-O - Distance Learning).

Prerequisites

Please note that this course can only be undertaken once you have successfully completed either of the following two courses:

• GenAdv-C (Classroom) / GenAdv-O (Distance Learning) - General Advice; or
• DFS1-C (Classroom) / DFS1-O (Distance Learning) - Financial Advice

2007 Financial Services Industry Benchmarking Report

Click here to receive a copy of the 2007 Financial Services Industry Benchmarking Report

Delivery Method

Distance Education - Start any-time, business hours telephone support with a Financial Planner, email support 7 days a week 

Units (General Advice) Content

Unit 1: Industry Requirements

• The financial services industry (The Finance and insurance sector, distinct markets, primary and secondary markets, efficient market, market indices and global markets)
• Education, Integrity and ethical requirements
• Industry Standards & Codes of Practice (ASIC's Role, breach of an Industry Code, Financial Planning Association)

The Economic Environment (business cycle, economic policy, Australian economic conditions and global economic factors)

Unit 2: Regulatory Requirements

• Regulatory Framework (Financial Services Reform Act, Corporations Act, ASIC Act 2001, Trade Practices Act, Life Act and Insurance Act, Privacy Amendment Act, Consumer Credit Code, Contracts Law, Trust Law, Consumer Affairs Acts)

Penalties for non-compliance (adverse outcomes for customers, criminal prosecution, regulatory intervention and civil claims)

Unit 3: Organisational Requirements

• Role of the adviser
• Financial Services Guide
• Fact Finder
• General Advice Warning
• Product Disclosure Statement
• Complaints and dispute resolution
• Other requirements

Units (Investment) Content

Unit 3: Foreign Exchange

• Operations of foreign and Australian forex markets
• Fx vocabulary (spot, lots, quote, buy-back)
• Exchange rate guarantee (benefits and erg related risks)
• Major currencies (cross rates, settlement)
• Forward exchange contracts
• Forex taxation requirements

Developing strategic forex options and related risk

Unit 5: Seven Steps of Investment Advice

• Step 1 - Establish a relationship with the client
• Step 2 - Determine client's needs and objectives
• Step 3 - Develop appropriate strategies and solutions
• Step 4 - Present appropriate strategies to clients
• Step 5 - Negotiate the financial plan with the client
• Step 6 - Implement agreed plan
• Step 7 - Provide ongoing service

Assessment

Assessment will be by way of a series of short answer questions, practical activities, tasks, role plays and simulated workplace application.

Bookings

To book your place on this program please choose your preferred method:

1.  Select Buy Now and follow the prompts - Credit Card required

2.  Call Courses Now on +612 9249 3300 and your Course Advisor will process your booking

Customised Training

PS 146 Training Australia can offer your organisation customised solutions to suit your industry and financial services product.

We are able to customise a course to suit many different applications:

• Staff induction programmes and training
• New financial product training and development
• Short "refresher" courses available for Executives
• Recruitment training and testing
• Online, one-on-one tutoring through to classroom sized delivery
• We have training facilities available Australia-wide in all mainland capital cities

We can deliver the training onsite delivery or at our purpose-built training facilities

If you would like a specific course customised to suit your individual requirements, do not hesitate to contact us or call  +612 9249 3300 and discuss your specific requirements with a Training Consultant.