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ECCB Savings and Investments Courses

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In 2003, the ECCB, in collaboration with local financial institutions, launched the ECCB Savings and Investments Course with the aim of enhancing the financial competence of the ECCU adult population. The sessions which are held once per week are designed to provide a platform for learning via class discussions and a series of individual and group exercises.

As a follow-up to the Savings and Investment course in personal financial management, the ECCB piloted an entrepreneurship course in St Kitts and Nevis in May 2010. This course is designed to provide the participants with an engaging platform to learn the rudiments of conceiving a business idea, creating a business plan and starting and managing a business from both a theoretical and practical standpoint. Click here for more.

For more information about the course contact our Headquarters in St Kitts and Nevis or Agency Offices in our member countries.
About the Savings and Investment Course (printable booklet)

 DISCUSSION AREAS  CLASS ACTIVITIES
 LESSON 1: PERSONAL FINANCIAL PLANNING
a)   Examine personal money management practices and identify areas that can be improved
b)   Matching income and expenses (your budget)
c)   Your Debt Profile – What Bank’s Assess
  Developing Your Personal Financial Mission Statement
  Developing A Budget
  What is your money style
 LESSON 2: FACTORS AFFECTING FINANCIAL DECISIONS
a)   Simple Explanation of the Time Value Of Money Concept
b)   Risk Return Relationship of Financial Decisions
c)   Financial Decisions and their Impact on One’s Cash Flow
d)   Simple Probability Analysis in Evaluating Financial Decisions
e)   Computing One’s Personal Net Worth
  Financial Stock Taking Exercise
  Case Study: Susan’s Finances
     
     
     
 LESSON 3: DEVELOPMENT OF A PLAN TO REACH
  FINANCIAL GOALS
a)   Developing SMART Goals
b)   Understanding the impact of compound interest on savings and loans
c)   The Impact of Interest Rates on Financial Goals: Add-on vs. Reducing Balance
d)   What you need to know about interest rates when taking loans: nominal versus effective
e)   Strategies to create positive cash flow so as to have a surplus to reach one’s financial goals. This should include a discussion of the pros and cons of a) mortgage refinancing b) debt consolidation c) using mortgage equity loans
     
  Loan Checklist – Questions to Ask your Banker
  Differentiating between nominal and effective interest rates
  Compound interest and your loans
  Managing Your Mortgage – Understanding the time value of money on interest rates
  Designing SMART Financial Goals
     
     
 LESSON 4: TYPES OF INVESTMENT INSTRUMENTS
a)   Definitions and characteristics of various financial instruments
b)   Calculating basic financial ratios
c)   Assessing the rates of returns on ECCU government securities
d)   Matching investment instruments with one’s investment objectives
  Matching investments with investors of different investment profiles
  Designing A Mutual Fund
     
     
     
 LESSON 5: HOW TO PROTECT ONE’S SELF AGAINST
  FINANCIAL RISK
a)   Evaluating the risks and returns associated with various financial instruments
b)   Understanding Simple Risk Management Strategies
c)   Simple illustration of the volatility of returns
d)   Understanding Bond Ratings (S&P code)
  Identifying your investment preferences
  Case Study: i) The Smith’s – That’s Life
ii) Miss Brown and Risky Business
iii) Mr Major and Competitive Finance
     
     
     
 LESSON 6: TYPES OF FINANCIAL MARKETS
a)     Functions of Financial Markets  
  -     Borrowing and Lending
  -     Price Determination (existing and newly
    issued instruments)
  -     Information Aggregation and coordination
    (information on asset values and the flow of funds)
  -     Risk Sharing (risk transfer from borrower to lender)
  -     Liquidity (sell or liquidate assets)
  -     Efficiency (transactional and informational costs)
b)   Various types of financial markets:
  -     Money markets, which provides short term debt
     financing and investment.
  -     Stock markets, which facilitate the buying and
     selling of stocks and shares.
  -     Bond markets, which provides financing through
     the buying and selling of bonds and notes.
  -     Foreign exchange markets which deal with
     international currencies.
  -     Futures/Derivatives markets which provide
    standardised contracts for trading assets at
    some forward date and other instruments
     for handling financial risks.
  Trading Exercise: Repurchase Agreements
  Designing the concept for a Fictitious Futures Market applicable to your country.
     
     
     
 LESSON 7: HOW SECURITIES ARE BOUGHT AND SOLD
a)   Establishing an account with a Broker Dealer
Trading on the Eastern Caribbean Securities Exchange (ECSE)
b)   Key terms in securities trading
c)   Placing Buy and Sell orders with a Broker Dealer
d)   Understanding the Single Price Auction Methodology used by the ECSE
  Trading Exercise: 2- minute speed trading
  Case Study: Smart Broker Dealers
     
     
     
 LESSON 8: REGULATION OF FINANCIAL MARKETS
a)   Purpose and objectives of market regulation
b)   Regulatory Framework of the Eastern Caribbean Securities Marketing
c)   Identifying regulatory infractions
     
     
     
  Debate on the merits of market regulation
  Case Studies
i) Hoover Diamonds
ii) Caribe Isle
iii) Much To Do About Nothing or Much To Do
     
     
 LESSON 9 FACTORS THAT AFFECT PRICE
a)   Market movements as a result of the actions of investors to
  -    Business conditions
  -    Government actions
  -    Economic indicators
  -    International events and conditions
     
b)   An overview of fundamental and technical analysis
  Presentation: The Principles of Finance
  Discussion on investors’ responses to economic and business indicators as well as the actions of the FED, and the resulting impact on the prices of securities.
  Charting and discussing the price movements stocks.
     
     
 LESSON 10: DEVELOPING AND MANAGING YOUR
  INVESTMENT PORTFOLIO
a)   Market risk and diversification
b)   Assessing your investment profile
c)   Designing your investment portfolio
     
     
     
     
  Debate on the merits of portfolio diversification.
  Case Study Joanna Cantin
     
     
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