Overview of TABF Certifications

Junior Credit Officer

Type: Non-statutory Certification

Issuing Organization
Taiwan Academy of Banking and Finance (TABF)

Validity Period
Lifetime

Certification Overview
This is an entry-level banking certification. New graduates and individuals interested in pursuing a career in finance are encouraged to obtain this certification first. It is generally considered an essential qualification for those seeking to work in credit-related positions.

Eligibility
Anyone engaged in credit-related work or interested in the practice or theory of credit assessment may register for the Junior Credit Officer Professional Competency Test.

Examination Subjects

Credit-related laws and regulations
Credit practices
Consumer lending
Foreign-exchange credit
Post-loan management
Debt collection

Junior Foreign Exchange Officer

Type: Non-statutory Certification

Issuing Organization
Taiwan Academy of Banking and Finance (TABF)

Validity Period
Lifetime

Certification Overview
Certifications in trust services, financial planning, bank internal control, credit, and foreign exchange are commonly regarded as entry-level banking qualifications. Many banks require employees to obtain certifications relevant to their duties. For example, employees handling foreign-exchange operations may be required to obtain a foreign-exchange certification.

Eligibility
Anyone engaged in international trade, import and export foreign-exchange operations, or interested in foreign-exchange practices or theory may register. Applicants are not required to be employed in the financial industry.

Examination Subjects

1. Import Foreign-Exchange Operations (100 points)

Overview of foreign-exchange operations
Introduction to letters of credit
Import letter-of-credit operations
Import documentary collection
Foreign-currency guarantees
Laws and regulations related to import foreign-exchange operations

2. Export Foreign-Exchange Operations (100 points)

Notification of letters of credit and related operations
Export bill negotiation
Export documentary collection
Forfaiting of deferred-payment letters of credit
Export factoring
Laws and regulations related to export foreign-exchange operations

3. International Remittance Operations (100 points)

Scope of international remittance operations
Procedures for outward remittances
Procedures for inward remittances
Purchase and sale of foreign-currency banknotes and travelers’ checks
Purchase and collection of clean bills
Foreign-currency deposits
Other foreign-exchange derivative services
Laws and regulations related to international remittances

Trust Business Personnel

Type: Statutory Certification

Issuing Organization
Taiwan Academy of Banking and Finance (TABF)

Validity Period
Lifetime

Certification Overview
Under Article 16, Paragraph 1, Subparagraph 1 of the regulations governing the professional qualifications and experience required of responsible persons, managers, and business personnel of trust enterprises, trust business personnel must possess specialized trust knowledge or experience.

One recognized method is to pass a professional trust business examination administered by the Trust Association of the Republic of China or by a recognized financial training institution and obtain a certificate of qualification. This examination is recognized and commissioned by the Trust Association of the Republic of China.

Eligibility

Applicants must meet one of the following requirements:

Graduation from a senior high school, vocational high school, or higher-level educational institution recognized by the competent educational authority.
Passing the Civil Service Junior Examination or an equivalent special examination.
Passing a senior high school or vocational high school equivalency examination recognized by the competent educational authority and obtaining the relevant qualification certificate.

Notes

Applicants who have completed at least the first year of a university, two-year college, or three-year college program, or at least the fourth year of a five-year junior college program, with supporting documentation, are regarded as having qualifications equivalent to senior high school graduation.
Supporting academic documents must be submitted to the examination proctor during check-in.

Examination Subjects
Detailed content is subject to the official examination announcement.

1. Trust Laws and Regulations (100 points)

Trust Act
Trust Enterprise Act
Enforcement Rules of the Trust Enterprise Act
Tax laws and regulations related to trusts
Relevant administrative regulations and official interpretations

2. Trust Practices (100 points)

Money trusts
Real-estate trusts
Securities trusts
Financial asset securitization
Custodian banking services
Practical trust taxation cases
Other related trust practices

Question Format
Single-choice questions with four options.

Passing Standard
A total score of at least 140 points across the two subjects is required, and neither subject may have a score below 60 points.

Financial Planning Personnel

Type: Non-statutory Certification

Issuing Organization
Taiwan Academy of Banking and Finance (TABF)

Validity Period
Lifetime

Certification Overview
Rapid economic development and rising national income have increased demand for professional financial-planning services. Banks have responded by offering customers comprehensive financial services through trained financial-planning personnel.

Financial-planning professionals require suitable personal qualities. They should be highly attentive to clients’ needs, enthusiastic about investment and financial management, and capable of logical thinking, analysis, and communication. They must also be strongly motivated and able to handle pressure arising from matters such as client investment losses and organizational performance targets.

Individuals with these qualities may find financial planning to be a suitable and rewarding career.

Eligibility
Anyone interested in financial planning may register. No specific qualifications are required.

Examination Subjects

1. Financial Planning Tools

Functions and regulations of financial institutions
Short-term investment instruments
Bond investments
Stock investments
Mutual funds
Financial derivatives
Economic concepts and indicators
Use of insurance
Use of trusts
Financial products and financial innovation

2. Financial Planning Practices

Introduction to financial planning
Financial-planning procedures
Client profiles and behavioral characteristics
Preparation and analysis of household financial statements and budgets
Cash-flow management
Time value of money and quantitative methods
Housing planning
Child-rearing and education-fund planning
Retirement planning
Investment planning
Tax planning
Integrated application of comprehensive financial planning

Passing Standard
A score of at least 70 points is required in each subject. Successful candidates receive a certificate of qualification issued by the Taiwan Academy of Banking and Finance.

Bank Internal Control and Internal Audit Examination—General Banking

Type: Statutory Certification

Issuing Organization
Taiwan Academy of Banking and Finance (TABF)

Validity Period
Lifetime

Important Note
The Chinese source text provided for this certification appears to repeat the overview, eligibility requirements, examination subjects, and passing standards of the Financial Planning Personnel certification. The following translation therefore reflects the supplied source text and should be verified before publication.

Certification Overview
Rapid economic development and rising national income have increased demand for professional financial-planning services. Banks have responded by offering customers comprehensive financial services through trained financial-planning personnel.

Financial-planning professionals require suitable personal qualities. They should be highly attentive to clients’ needs, enthusiastic about investment and financial management, and capable of logical thinking, analysis, and communication. They must also be strongly motivated and able to handle pressure arising from matters such as client investment losses and organizational performance targets.

Individuals with these qualities may find financial planning to be a suitable and rewarding career.

Eligibility
Anyone interested in financial planning may register. No specific qualifications are required.

Examination Subjects

1. Financial Planning Tools

Functions and regulations of financial institutions
Short-term investment instruments
Bond investments
Stock investments
Mutual funds
Financial derivatives
Economic concepts and indicators
Use of insurance
Use of trusts
Financial products and financial innovation

2. Financial Planning Practices

Introduction to financial planning
Financial-planning procedures
Client profiles and behavioral characteristics
Preparation and analysis of household financial statements and budgets
Cash-flow management
Time value of money and quantitative methods
Housing planning
Child-rearing and education-fund planning
Retirement planning
Investment planning
Tax planning
Integrated application of comprehensive financial planning

Passing Standard
A score of at least 70 points is required in each subject. Successful candidates receive a certificate of qualification issued by the Taiwan Academy of Banking and Finance.

Financial Markets and Professional Ethics

Type: Statutory Certification

Issuing Organization
Taiwan Academy of Banking and Finance (TABF)

Validity Period
Five years

Certification Overview
Following a resolution adopted at the ninth Financial Certification Review Meeting held by the Financial Supervisory Commission on September 14, 2005, and pursuant to FSC Letter No. 0950054861 dated May 5, 2006, candidates for 13 existing financial-industry qualification examinations are required to complete the common subject entitled Financial Market Knowledge and Professional Ethics.

Eligibility and Applicable Examinations
Financial professionals who passed any of the 13 designated financial qualification examinations before August 1, 2006, are not required to take the Financial Market Knowledge and Professional Ethics examination when registering for the first time or renewing their registration.

However, anyone applying for another designated financial qualification examination after August 1, 2006, must also take this examination.

The requirement applies to candidates for the following qualifications:

Securities Specialist
Senior Securities Specialist
Securities Investment Analyst
Futures Specialist
Futures Trading Analyst
Securities Investment Trust and Consulting Professional
Stock Affairs Personnel
Bills Finance Business Personnel
Trust Business Personnel
Bank supervisors with authority to approve business operations or transactions, including candidates for the Bank Internal Control and Internal Audit Examination
Life Insurance Agent
Property Insurance Agent
Investment-Linked Insurance Agent

Examination Subjects
The examination question bank is published on the TABF website and may be downloaded free of charge.

1. Financial Market Knowledge (50 points)

Financial system
Securities and futures markets
Banking practices
Trust practices
Money-market practices
Insurance practices

2. Professional Ethics for Financial Practitioners (50 points)

Business promotion and solicitation
Execution of entrusted business
Disclosure and notification obligations
Principles of honesty and good faith
Conflicts of interest
Confidentiality
Compliance with laws and regulations

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