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National Finance Competition 2017 Mechanics

Proposed Venue: To be announced

Date: March 4, 2017 (Saturday)

Time: 1:00 PM 5:00 PM

COMPETITION GUIDELINES

I. QUALIFICATIONS

A. Each school may send one (1) team comprising of three (3) members.

B. All interested participants are required to pay a registration fee amounting to:

Php 500 all members of the team are JCFAP Members

Php 700 2 JCFAP Members, 1 JCFAP non-member

Php 900 1 JCFAP Member, 2 JCFAP non-members

Php 1,200 all members are JCFAP non-member

C. Each team must be composed of Junior and/or Senior students with at least 15 units in the course of Finance.

D. The organizing body reserves the right to disqualify a team from the competition if they fail to meet entry qualifications.

E. In case that a chapter will not have at least four (4) participating schools, each school can send a maximum of two (2) teams for the competition. The approving body shall be the nine organizing chapters.

F. All JCFAP officers are not allowed to join.

II. REQUIREMENTS

A. Registration form jointly approved and signed by the school’s chairperson and dean.

B. Duly accomplished registration form must be submitted to jcfap.nfc@gmail.com (cc: chapter president and external vice president) with the subject Chapter_School (ex. NCR_UST).

C. Deadline of submission is on February 18, 2017.

D. Only the first 20 teams to submit complete forms shall be accepted by the committee. No substitution of participants will be allowed once the form has been received.

E. Payment procedures will be sent immediately thru e-mail, and shall be collected by the assigned JCFAP chapter officer/s.

III. COMPETITION RULES

A. The contest is a team competition. Contestants must be at the site of the competition proper at least thirty (30) minutes before their scheduled time, together with their adviser(s) and/ or coach(es). The team is only allowed to have up to two (2) advisers/coaches with them.

B. Team with incomplete members ten (10) minutes before the start of the competition will be considered in default.

C. The competition shall consist of pool of questions covering the following areas of interest:

WEALTH/ RETAIL

Introduction to Investment

International Introduction to Investment

Wealth and Investment Management

Advanced Wealth Management

Private Client Advice

Private Client Investment Advice and Management

Wealth Management

COMPLIANCE/ RISK

Financial Crime

Global Financial Compliance

Cyber Security

Risk in Financial Services

Investment Compliance

OPERATIONS

Finance, Risk, and Investment

Finance Risk and Decision Making

Introduction to Securities and Investment

Investment Operations

IT in Investment Operations

Operational Risk in Financial Institutions

Global Securities Operations

CAPITAL MARKETS/CORPORATE FINANCE

Capital Markets

Corporate Finance

Investment Management

ISLAMIC FINANCE

Fundamentals of Islamic Banking and Finance

IV. FORMAT AND TIME LIMIT

A. The questions will be divided into three rounds: Easy, Average and Difficult Round.

Level

No. of Questions

Points/Question

Time Limit

Easy

10

10

15sec

Average

10

20

40sec

Difficult

10

40

60sec

Clincher

Depends

Same with the round included

Same with the round included

*For computations, there will be an additional 50% from the time limit based on the round included.

B. Every after round, there will be a five-minute break that will be allotted to show the current team standings (for Easy and Average rounds). The advisers or coaches can approach the team during this break.

C. A recap shall include the name of the school and the score garnered for that particular round, announced in ascending order.

Difficult Round shall not be

announced immediately; rather, it would be announced before the official proclamation of the winners.

D. The scores garnered

by the

teams in the

V. MATERIALS

A. Only one (1) scientific calculator will be allowed per team. The organizers have the right to accept or reject the use of certain calculators.

B. For fairness, the organizers will reset all the calculators before the competition starts. All gadgets must also be surrendered to the organizing team.

VI. FORMS OF QUESTIONS

A. Multiple Choice

B. Computations

C. Fill in the blanks

VII. VALIDITY OF ANSWERS

A. All answers must be clearly and properly shown at the cue of the quizmaster. Failure to do so will render such answers invalid.

VIII. COMPLAINTS OR PROTESTS

A. Protests and queries must be filed by any of the team members actively participating and brought to the attention of or addressed to the Board of Judges prior to the next question.

B. Any reaction about the validity of the question must be supported by specific published references. Photocopied materials/references will not be accepted.

C. The decision of the Board of Judges is final and all participating teams must abide by its decision. The student raising the question or protest must do so with the appropriate decorum, bearing in mind that he or she is addressing persons of authority.

D. The Board of Judges has the prerogative to penalize any unacceptable behavior of the contestants via point deductions. Teachers, coaches and school officials are all barred from raising questions and/ or protests.

IX. DRESS CODE

A. Participants must wear either their school uniform or business attire with school ID.

X. WINNERS

A. The teams will be ranked based on their final scores. First four (4) teams who earned the highest final scores shall be awarded with the following:

Over-all Champion (among all chapters) Php 5,000.00 and Plaque of Recognition

Regional Winners:

1st Prize Php 3,000.00 cash and medals

2nd Prize Php 2,000.00 cash and medals

3rd Prize Php 1,000.00 cash and medals

XI. DISQUALIFICATION

The following shall be the grounds for disqualification (but will not be limited to):

A. Cheating or copying the answer of other contestants

B. Using resource materials or cheat sheets during the competition

C. Using technical equipment such as mobile phones, extra calculators, and electronic devices during the contest proper.

D. Entertaining, soliciting, and/or cueing answers from the audience and/or coach/adviser.

* All matters that may arise during the competition but is not covered by this set of guidelines shall be decided upon by the organizers and Board of Judges.