INTRODUCTION
The PDBFS programme is open to all serving banking and non-bank financial Institutions professionals. This programme offers a solid professional qualification for serving banking and non-bank financial Institutions staff. The programme delivery methodology is self- study / distance learning with some tuition revision sessions organized by the Institute to help the candidates prepare for examinations. The full programme consists of three (3) papers each comprising four (4) modules. Candidates are expected to complete the full programme within a period of 12 – 18 months.
PROGRAMME OBJECTIVES
• To facilitate study of theory and practice of banking and financial services.
• To test and certify attainment of competence in the profession of banking and financial services.
• To collect, analyse and provide information needed by professionals in banking and financial services.
• To promote continuous professional development.
• To promote and undertake research relating to Operations, Products, Instruments, Processes, etc., in banking and financial services and to encourage innovation and creativity among financial services professionals so that they are able to face competition and succeed.
*Minimum Entry Requirements:
Five ‘O’ Level Credits or better including Mathematics and English
A minimum of one years’ working experience in the financial sector.
Professionals from outside the financial sector will be considered on a space by case basis
Membership registration is compulsory to everyone wishing to study with the Institute. Upon payment of the prescribed Industry Membership registration fee, membership will be granted, renewable annually. Also required are copies of the relevant academic and professional qualifications as well as 2(two) passport size photos. The deadline for payment of Annual Subscription fee is 15th February every year. Membership registration & Enrolment forms can be obtained from the Zambia Institute of Banking & Financial Services (ZIBFS) Offices in Lusaka.
BRIEF COURSE OUTLINE
PAPER 1 – BF 910- PRINCIPLES & PRACTICES OF BANKING
Module A: Zambian Monetary & Financial System
Unit 1: Zambian Monetary & Financial System
Unit 2: Banking Regulation
Unit 3: Retail Banking, Wholesale and International Banking
Unit 4: Role and Functions of Capital Market, Securities and Exchange Commission (SEC)
Unit 5: Role and Functions of Unit Trusts (Mutual Funds)
Unit 6: Role and Functions of Insurance Companies, Bancassurance, Pensions and Insurance Authority (PIA)
Unit 7: Factoring, Forfaiting Services and Off-Balance Sheet Items
Unit 8: Risk Management and Basel II
Unit 9: Alliances/Mergers/Consolidation
Unit 10: Credit Reference Bureau (CRB)
Unit 11: Recent Developments in the Zambian Financial System
Module B: Functions of Banks
Unit 12: Banker-Customer Relationship
Unit 13: Banker’s Special Relationship
Unit 14: Payment and Collection of Cheques and other Negotiable Instruments
Unit 15: Opening Accounts of Various Types of Customers
Unit 16: Ancillary Services
Unit 17: Principles of Lending, Working Capital Assessment and Credit Monitoring
Unit 18: Priority Sector Advances
Unit 19: Agricultural Finance
Unit 20: Micro, Small and Medium Enterprises in Zambia
Unit 21: Government Sponsored Schemes
Unit 22 – Micro-financing
Unit 23: Credit Cards, Home Loans, Personal Loans, Consumer Loans
Unit 24: Documentation
Unit 25: Different Modes of Charging Securities
Unit 26: Types of Collateral and their Characteristics
Unit 27: Non-Performing Assets
Unit 28: Financial Inclusion
Module C: Banking Technology
Unit 29: Essentials of Bank Computerisation
Unit 30: Payment Systems and Electronic Banking
Unit 31: Data Communication Network and EFT Systems
Unit 32: Role of Technology Up gradation and its Impact on Banks
Unit 33: Security Considerations
Module D: Support Services – Marketing of banking services/products
Unit 34: Marketing – An Introduction
Unit 35: Consumer Behaviour and Product
Unit 36: Pricing
Unit 37: Distribution
Unit 38: Channel Management
Unit 39: Promotion
Unit 40: Role of Direct Selling Agent/Direct Marketing Agent in A Bank
Unit 41: Marketing Information Systems – A Longitudinal Analysis
PAPER 2 – BF 920- ACCOUNTING & FINANCE FOR BANKERS
Module A: Basics of Business Mathematics
Unit 1: Calculation of Interest
Unit 2: Basel II Accord – An Overview
Unit 3: Calculation of YTM
Unit 4: Capital Budgeting
Unit 5: Depreciation
Unit 6: Foreign Exchange Arithmetic
Module B: Principles of Bookkeeping
Unit 7: Definition, Scope and Accounting Standards
Unit 8: Basic Accountancy Procedures
Unit 9: Maintenance of Cash / Subsidiary Books and Ledger
Module C: Special Accounts
Unit 10: Bank Reconciliation Statement
Unit 11: Trial Balance, Rectification of Errors and Adjusting & Closing Entries
Unit 12: Capital and Revenue Expenditure
Unit 13: Inventory Valuation
Unit 14: Bills of Exchange
Unit 15: Consignment Account
Unit 16: Joint Venture
Unit 17: Leasing and Hire-Purpose
Unit 18: Accounts of Non-Trading Organisations
Unit 19: Depreciation Accounting
Unit 20: Accounting from Incomplete Records (Single Entry System)
Unit 21: Ratio Analysis
Module D: Final Accounts
Unit 22: Balance Sheet Equation
Unit 23: Partnership Accounts
Unit 24: Final Accounts of Banking Companies
Unit 25: Company Accounts – I
Unit 26: Company Accounts – II
Unit 27: Accounting in Computerised Environment
PAPER 3 – BF 930- LEGAL & REGULATORY ASPECTS OF BANKING
Module A: Regulations and Compliance
Unit 1: Legal Framework of Regulation of Banks
Unit 2: Control over Organisation of Banks
Unit 3: Regulation of banking business
Unit 4: Returns, Inspection, Winding up
Unit 5: Types of Banks
Module B: Legal Aspects of Banking Business
Unit 6: Case laws on responsibility of Paying Bank
Unit 7: Case Laws on responsibility of Collecting Bank
Unit 8: Indemnities
Unit 9: Bank Guarantee
Unit 10: Letters of credit
Unit 11: Deferred payment guarantee
Unit 12: Laws relating to bill finance
Unit 13: Various types of securities
Unit 14: Law relating to securities and modes of charging – I
Unit 15: Law relating to securities and modes of charging – II
Unit 16: Different Types of Borrowers
Unit 17: Types of Credit Facilities
Unit 18: Secured and Unsecured Loans,
Unit 19: Registration and satisfaction of charges
Module C: Banking & Financial Services Sector Related Laws
Unit 20: The Bank of Zambia Act
Unit 21: The Banking and Financial Services Act
Unit 22: The National Payment Systems Act
Unit 23: The Societies Act
Unit 24: The Cooperative Societies Act
Unit 25: Land and Deeds Act
Unit 26: Agricultural Credit Act
Unit 27: The Evidence Act
Unit 28: The Banker’s Evidence Act
Unit 29: The Accountants’ Act
Unit 30: Small Claims Court Act
Unit 31: The Law of Limitation Act
Unit 32: Small Enterprise Development Act
Unit 33: Money Lenders’ Act
Unit 34: Building Societies Act
Unit 35: The Code of Banking Practice in Zambia
Unit 36: Chiefs Act
Unit 37: National Pension Scheme Act
Unit 38: Insurance Act
Unit 39: The Securities Act
Unit 40: Tax Laws
Module D: Commercial Laws with Reference to Banking Operations
Unit 41: Meaning and Essentials of a Contract
Unit 42: Contracts of Indemnity
Unit 43: Contracts of Guarantee
Unit 44: Contract of Bailment
Unit 45: Contract of Pledge
Unit 46: Contract of Agency
Unit 47: Meaning and Essentials of a Contract of Sale
Unit 48: Conditions and Warranties
Unit 49: Unpaid Seller
Unit 50: Definition, Meaning and Nature of Partnership
Unit 51: Relations of Partners to One Another
Unit 52: Relations of Partners to Third Parties
Unit 53: Minor Admitted to the Benefits of Partnership
Unit 54: Dissolution of a Firm
Unit 55: Effect of Non-registration
Unit 56: Company Act
Unit 57: Types and Features of Companies
Unit 58: Articles of Association
Unit 59: Doctrines of Ultra vires /Constructive Notice/Indoor Management
Unit 60: Membership
Unit 61: Prospectus
Unit 62: Directors
Unit 63: Foreign Exchange Management Regulations
Unit 64: Transfer of Property Act, 1882
Unit 65: Computer Act
Unit 66: Right to Information and Obligations of Public Authorities
Unit 67: The Prohibition and Prevention of Money Laundering Act, 2001
Unit 68: Information, Communication Technology Act
COURSE COMPLETION
The full programme consists of three (3) papers each comprising four (4) modules. Candidates are expected to complete the full programme within a period of 12 – 18 months. Upon completion of the Professional Diploma, one can proceed to enroll on the Advanced Professional Diploma in Banking & Financial Services whose brochure can be obtained directly from the Institute or downloaded from the Institute’s website (www.zibfs.com)
RECOMMENDED READING
The Institute has prepared comprehensive courseware to facilitate preparation for the examination without intervention of the teacher. Revision classes shall also be arranged from time to time. An attempt has been made to fully cover the syllabus prescribed for each module/subject.
It is worth noting that the study material / courseware textbooks for this programme are also valuable reference books for the day-to-day operations of both banks and non-bank financial institutions employees and are therefore a must have for all career banking & financial services professionals regardless of their level in the organisation.
Candidates are also expected to take note of all the latest developments relating to the subject covered in the syllabus by referring to Financial Papers, Economic Journals, Latest Books and Publications in the subjects concerned.
EXAMINATIONS
Examinations will be conducted every April, June, October and December of the calendar year. A candidate has a choice to sit for whichever paper they are ready for at a particular examination sitting.
EXEMPTIONS
There are no exemptions whatsoever under the Professional Diploma in Banking &Financial Services (PDBFS). Every candidate is required to attempt all the three (3) papers to complete the PDBFS. For the brief course content, please refer to the course outline on the next page.
MODE OF PAYMENT
Payment can be done by either Cash or Cheque. However, please note that all payments should be deposited in the Institute’s Bank Account (details to be obtained from the Institute).
