FT New York Institute of Finance Receives Financial Sector Development Fund (FSDF) Support

For Immediate Release:

Contact:
Shirley Chiu
Director of Marketing
FT New York Institute of Finance
Office: 236 9690/ 2369675
Mobile Phone: 9472 9061
Fax: 538 8530
Email: shirley.chiu@nyif.com
http://www.nyif.com

Singapore, 22nd March 2001 -- FSDF is an exciting new initiative from the Monetary Authority of Singapore to encourage Singapore based financial institutions to develop the skills and capabilities of their executives in key financial areas of expertise.

The benefits of this initiative are all encompassing. Not only will this result in the recognition of the enormous benefits of maintaining a well trained work force, through increased productivity and efficiency but also the costs of such training can be offset against the Financial Sector Development Fund. Under this scheme the FSDF will support up to 80% of course fees per delegate, or up to S$2000, whichever is the lower. The level of support given to each institution will be subject to a cap on the overall FSDF grants that each institution may receive in each financial year. The decision to approve a course is taken on the basis of relevance to the Singapore financial market, reputation and track record of the training provider.

One of the worlds best known total solution financial training providers, FT New York Institute of Finance, part of the Pearson Plc group of companies, was informed by the Monetary Authority of Singapore (MAS) that the following courses have been approved for the FSDF.

 Advanced bond mathematics & analytics
 Hedging techniques for corporate finance
 Derivative risk management
 Currency & interest rate options
 Advanced financial statement analysis.

The FT New York Institute of Finance Asia Pacific headquarters is based in Singapore and has been providing public courses, customised training in all aspects of finance since 1997, using a unique blend of theoretical fundamentals with practical applications and featuring the most up to date financial strategies and techniques. More recently they have launched a number of online learning programmes. For additional information please visit their website at www.nyif.com/asia or call (65) 2369690.

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