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Example Guidelines |
SIP Program |
| Be employed by your firm for a minimum period of time. |
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| Be recommended by your supervisor. |
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| Meet the admission requirements to the educational training program. |
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Education must be job-related or career-related.
This is often defined as including courses in which the course content directly and significantly assists the employee in carrying out his/her present duties and responsibilities or in his/her professional development.
Courses that are not directly related to a specific job, but form part of a job-related or career-related development program, also qualify for this benefit. |
The SIP program is designed for people who want to improve their understanding of securities operations and provides a base of knowledge that is appropriate for a career in securities processing (operations, technology or administration).
This program has been designed to be career-enhancing for securities processing professionals.
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| The educational program must be offered through an accredited, degree-granting college or university, or provide qualified education through a non-accreditated school that cannot be found elsewhere. |
SIP is not currently associated with an accredited university or college; however, no accredited university or college provides this essential, detailed, non-theoretical knowledge for securities processing professionals.
SIP provides a curriculum designed by senior professionals in the securities processing industry and educational content that is continuously reviewed and approved by a number of industry experts.
SIP is recognized for CPE credits.
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Successfully complete the educational program with a C or better.
The percent of reimbursement may be subject to limitations based upon the grade received.
Reimbursements may be taxable. Generally the first $5,250 each year is not taxed (check with your tax advisor). |
SIP will provide a grade for students enrolled in the program who pass the course tests and the Level Exam.
To earn the credential, the candidate must obtain a grade of 90% on the final course tests and 85% on the Level Exams. This is equivalent to an A.
| Grade |
Course Test |
Level Exam |
A |
90% |
85% |
B |
80% |
84% |
C |
70% |
79% |
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