This module serves as the foundation for the whole program. It provides a general idea of the entire Philippine financial system including the Capital Markets, Foreign Currency Exchange, Derivatives and Money Markets.
From this macro point of view, the module narrows down to the capital (debt and stock) markets as it covers extensively the relevant financial Intermediaries (exchanges, trading participants, clearing house & participants, custodian & participants, transfer agents etc.), Philippine Government Regulators, regulations, policies and relevant laws.
This module discusses in detail the Philippine Debt (Fixed Income) Market including the definition of a bond, the various types, classes and ratings.
It covers the organization and operations of the Philippine Dealing System and the Philippine Dealing and Exchange (PDex) its products (Government & Corporate Debt Securities), trading rules & regulations, transaction charges, clearing and settlement, listing process, reportorial requirements, listing rules and regulations and bond origination process.
Another focus of this module is the Philippine equities market including, the definition of a stock, types & classes, primary and secondary markets, market participants as well as the organization and operations of the Philippine Stock Exchange (PSE) including its products (stocks, warrants, stock rights, ETF, Shariah, DDS) trading rules & regulations, transaction charges, clearing and settlement, disclosure rules, listing rules and regulations and the underwriting process.
The module concludes with the basics of investing in stocks. It is made up of lessons on the concept of an investment, return and risk trade off, dividends, investor rights and protection.