10th Capital Markets and Fixed Income Securities Course

Course Profile

We have UPDATED AND IMPROVED this two-part course to provide you with enhanced knowledge, practical skills, and market intelligence to stay on top of market developments and gain a competitive edge in understanding the operation and intricacies of the capital markets. The course is spread over eight sessions with one topic and speaker for each session which should allow for a comprehensive presentation of the session topic and active engagement between the participants and lecturers. Our experts who will conduct the course sessions are known personalities in their respective fields and come from major corporations and banks that will lend their theoretical and practical knowledge in their respective subject matters.

The sessions are curated and anchored on the subjects covered by Modules 1-6 (Phase 1), and Module 7 (Phase 2) of the SEC licensing exams for fixed-income salesmen and associated persons.

Course 1 (six sessions/modules) will provide the essential tools that securities salesmen, analysts, and associated persons need to perform their functions effectively, as well as other individuals who want to have a better understanding of the workings of the Philippine Capital Markets for their professional development. The topics covered in these sessions or modules will include; (a) economic fundamental principles and capital market theories, (b) the features of various types of securities, (c) the different securities markets, their structures, participants, and regulations governing these participants, (d) corporate governance principles, anti-money laundering and counter-terrorism financing regulations and insights on detection and reporting, and (f) principles of risk management and its applications in the capital markets.

Course 2 (two sessions/modules), on the other hand, will do a deep dive into the fixed-income market and delve into the roles of the various market participants, bond valuation and bond issuance, listing, and trading processes. This course will discuss at greater length and detail the risks inherent in fixed-income investments. It will also cover credit analysis, with a focus on understanding key financial ratios.

The courses will be conducted virtually and capped with self-assessment examinations. Required advance readings will be provided to participants prior to the conduct of the sessions.

Who Should Attend

Prospective SEC certification examinees for salesmen and associated persons
Financial and investment analysts
Individuals involved in Finance, Treasury, Audit, and Compliance functions
Investment Banking practitioners
Other professionals who want to obtain a better understanding of the Capital Markets and Fixed Income Markets in the Philippines and further their professional development.

Participants are expected to have had actual work exposure related to capital markets and fixed-income securities.

Resource Speakers

Jonathan Ravelas

Lester Joseph Castolo

Atty. Julio Bucoy

Atty. Ricardo Pilares III

Veronica Arce-Balisi

Mari Toni Bautista

Antonino Nakpil

Jonathan Ravelas, CTA, Managing Director at eManagement for Business and Marketing Services(EMBM)is a prominent private analyst in the Philippines. Known for his extensive expertise in the country’s economic landscape, he is highly sought after as a speaker and commentator in the Philippine media. With a career spanning various roles in the financial services industry, Mr. Ravelas has established himself as a respected figure.

Concurrently serving as Reyes Tacandong & Co., Senior Advisor and Independent Directors at DITO CME, Jonas brings more than 25 years of experience in financial markets. Prior to his current positions, he held the role of FVP-Chief Market Strategist at BDO Unibank from 2002 to June 2022, where he provided valuable analysis on financial markets and macroeconomic developments both locally and internationally. He previously held the same position at Equitable PCI Bank’s Treasury Department from 1998 to 2002.

Jonas has a diverse background, having worked as a strategist, analyst, equities dealer, and portfolio manager in both money management and institutional equity brokerage, including stints at DBS Securities and ACE Securities. He is renowned for his expertise in trading strategies, corporate governance, forecasting, and investments. As a testament to his forecasting abilities, FocusEconomics ranked him as the #2 overall forecaster for the Philippines in 2021 and the #1 Forex Forecaster in 2018. In 2016, he was ranked as the #1 Current Account forecaster for the Philippines for 2015.

Mr. Ravelas regularly contributes economic commentaries to prestigious publications such as the Asian Wall Street Journal and he is a frequent commentator on economic and financial markets on ANC, Bloomberg, and CNN Philippines. He is also actively involved in academia as a lecturer in Ateneo BAP’s treasury certification program and as the executive director of the Society of Technical Analysts-Philippines.

Jonas holds a bachelor’s degree in Management of Financial Institutions from De La Salle University (1992). He furthered his education by completing the Asian Securities Executive Program at the Asian Institute of Management (Manila) in 1996.

At 51 years of age, Mr. Ravelas embodies the success mantra, “Fortune favors the brave,” which speaks to his willingness to take calculated risks and his track record of achievement.

Mr. Lester Castolo is an independent consultant, entrepreneur and formerly Group CFO of the PA Alvarez Group of Companies. Mr. Castolo has about twenty five years of leadership roles in finance and treasury in various companies including Vicsal Investment, Inc., Cypress Bomanite, Inc. and Multinational Investment Bancorporation. He has been an active lecturer for the PSE Certified Securities Specialist course and CFA Stella review. He is a Certified Public Accountant, placing 15th in the 1994 CPA Board examination. He also passed the three levels of CFA examination and met the requisite work experience.

Mr. Castolo completed his Master in Management degree from the Asian Institute of Management where he was a Dean’s Lister. He obtained his Bachelor of Science in Business Administration and Accountancy degree from the University of the Philippines, cum laude.

Atty. Julio Bucoy has the distinction of being both a lawyer and Chartered Financial Analyst. He is presently a Special Counsel at the M Law Office where he heads the firm's Capital Markets and Financial Law practice. Atty. Bucoy is also currently a member of the Board of Trustees of the Chartered Financial Analyst (CFA) Society of the Philippines and the corporate secretary of Fund Managers Association of the Philippines. He was formerly the President of Cocolife Asset Management Company, Inc, Head of Corporate Finance and Strategy of United Coconut Planters Life Assurance Corporation and a member of the Board of Directors of UCPB General Insurance Corporation and Cocolife Mutual Funds.

Atty. Bucoy obtained his Bachelor of Science in Accounting with a minor in Economics at Fordham University, New York, where he was a member of the international honor society of Beta Alpha Psi. He then earned his Juris Doctor degree from the University of the Philippines College of Law

Ms. Veronica Arce-Balisi is a partner, Finance Services Office of SGV & Co., a member practice of Ernst and Young Global Limited (EY). Ms. Arce-Balisi has more than 14 years of experience at EY including a stint in its London office. She is currently focused on Financial Crime practice and has been engaged in the independent assessments of Anti-Money Laundering risk management programs of covered institutions, KYC remediation, AML training, internal controls reviews and agreed-upon assurance projects. She has done extensive work on financial statements audits of such sectors as banks, credit card companies and mutual funds. Ms. Arce-Balisi is a certified Anti-Money Laundering Specialist (CAMS), an Anti-Money Laundering Council (AMLC) accredited trainer and a Certified Public Accountant.

Ms. Arce Balisi graduated from the De La Salle University with degrees in Bachelor of Science in Accounting and Bachelor of Arts in Economics. She also attended the Strategic Management Program at the National University of Singapore.

Coverage and Schedule

COURSE 1

Virtual via Zoom

Session 1: Economic Principles and Market Theories

MR. JONATHAN RAVELAS

Managing Director – eManagement for Business and Marketing Services

November 7, 2023

Tuesday, 3:00 p.m. to 5:30 pm

This module will start with a brief discussion of ethics and governance as the foundation of the activities of financial market participants. Thereafter, it will delve into the business cycle and key macroeconomic indicators relevant to the capital markets operation. It will also look into the various monetary and fiscal policies and their impact on the securities markets. Macroeconomic, sectoral, and financial market outlook, especially given the current turbulence in the global economy, will also be discussed in this module.

Session 2: Fundamentals of Securities

MR. LESTER JOSEPH CASTOLO

Treasurer, Child Hope Philippines

Former Chief Financial Officer of PA Alvarez Group of Companies

November 9, 2023

Thursday, 3:00 pm to 5:30 pm

This module will discuss the types of securities (debt, equity, hybrid, and derivatives), investor benefits and rights, and the critical need for customer risk profiling and establishing customer and product suitability. It will distinguish between the different types of markets: domestic vs. global, primary vs. secondary, and OTC vs. exchange trading. It will also introduce participants to bond and common share valuation and the factors affecting interest rates and share prices.

Session 3: Securities Markets & Regulations

ATTY. JULIO BUCOY

President, Cocolife Asset Management Company, Inc.

Partner, Yebra De Jesus Loon Law Office

November 14, 2023

Tuesday, 3:00 pm - 5:30 pm

This module will describe the role of the different market participants: the issuers, investors, underwriters, exchanges, registry, custodian, depository, and regulators. It will cover pertinent government regulations and the taxation of interest and dividend incomes and trading gains. It will also present the concept of pooled funds. Insights on current events on alleged securities violations and how regulators have addressed these will also be discussed.

Session 4: Corporate Governance

ATTY. RICARDO PILLARES III

Vice President - Legal, Compliance Officer, Corporate Governance Officer and Corporate Secretary, Metro Pacific Investments Corporation

November 16, 2023

Thursday, 3:00 pm to 5:30 pm

This module will focus on corporate governance particularly among publicly listed companies, registered issuers other regulated entities. It will discuss the responsibilities of the Board of Directors and the rules governing independent directors and tackle governance policies such as conflict of interest, whistleblowing and enterprise-wide risk management. This module will also cover the ASEAN corporate scorecard and integrated annual corporate governance reporting currently required by the SEC.

Session 5: Anti-Money Laundering

MS. VERONICA MAE ARSE-BALISI

Financial Services Partner, SGV

November 21, 2023

Tuesday, 3:00 pm to 5:30 pm

This module will present the basic concepts and fundamentals of Anti-Money Laundering and Counter-Terrorist Financing (AML-CTF). It will discuss the different predicate crimes and unlawful activities and the duties and responsibilities of covered persons. The latest occurrences of financial crimes and the implicit impact of AML-CTF policies of covered institutions will also be discussed.

Session 6: Risk Management

MS. MARI TONI BAUTISTA

Director, Standard Chartered Bank

November 22, 2023

Wednesday, 3:00 pm to 5:30 pm

This module will look into the three levels of risk: known, developing and black swan. It will discuss extensively both financial and non-financial risks. It will also take up the various lines of defenses and risk mitigation tools. Current events, like the pandemic and cybercrime occurrences, and their impact on institutions' risk management actions will also be examined and discussed.

COURSE 2

Face-to-face at the WSDC Rooms 1-3 located on the 2nd Floor of SGV Building 1

9:00 AM to 5:00 PM

MR. ANTONINO NAKPIL

President & CEO, Philippine Dealing and Exchange Corporation

November 25, 2023

Saturday, 9:00 am to 5:30 pm

Session 7: Fixed Income Market Part 1

9:00 AM to 12:00 NN

This module, the first of two parts of a specialized track, will do a deep dive into the fixed income market. It will take an in-depth view of the different types of fixed income securities both peso and foreign currency denominated, the money and capital markets and the various market participants. It will discuss at length the factors affecting interest rates as well as the taxation of interest and discount and capital gains. It will also cover credit analysis with focus on the major financial ratios. This module will also examine current developments especially how macroeconomic numbers influence monetary policy actions of the BSP and how such actions impact the market in the country.

Session 8: Fixed Income Market Part 2

1:30 PM to 5:30 PM

Part 2 of this specialized track will involve a comprehensive review of pertinent regulations primarily on the registration of securities, market professionals and trading markets. It will walk the participants through the fixed income securities issuance, listing and trading, operation of the fixed income exchange, functions and responsibilities of brokers and dealers and bond pricing and valuation. New initiatives on digital bonds' registration, licensing, offering and trading will likewise be discussed.

Course 1 only

P 10,000.00 (Sessions 1-6)

Standard Price₱10,000

Course 2 only

P 5,000.00 (Sessions 7-8)

Standard Price₱5,000

Course 1 & 2 (Bundled)

P 12,000.00 (Sessions 1-8)

Standard Price₱12,000

Brochure

10th Capital Markets & Fixed Income Securities Course.pdf

Organizers

Contact Us

Sarah Hazel Parapara

sarah.parapara@finex.org.ph

Viber: +63999-520-9667

FINEX Academy Inc.

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