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SIP Credential  
Program Description
SIP Online Application
SIP Credential Requirements
SIP Test-Out Option
SIP Program Fees
Tuition Reimbursement
Recommendation Letter Templates

SIP E-Courses  

For descriptions of these courses and additional eLearning courses offered by SOF, click on the courses below or go to the eLearning page.
SIP Level I
  US Corporate Actions Introduction
  US Securities Industry Basics
  US Corporate Actions Types
  US Brokerage Processing
  US Custody Processing
  Ethical and Professional Standards
SIP Level II
  US Corporate Actions Processing
SIP Level I
  US Instruments - Equities
  US Instruments - Fixed Income
  US Investment Management Processing
SIP Level II
  US Mutual Funds Introduction
  Foreign Currency Processing
  International Regulations and Standards
  International Markets and Instruments
  International Securities Processing
  Internet and Technology
SIP Level II
  US Listed Equity Options
  US Instruments - Structured Securities
  US Margin Lending and Processing
SIP Level I
  US Regulators and Legislation
  US Trading
SIP Level II
  Global Custody Processing
  US Corporate Actions Information
  International Securities Participants
  Operations Risk and Compliance
  Introduction to US Trust
  US Instruments - Derivatives
  US Mutual Fund Processing
  US Securities Lending
  US Instruments - Credit Derivatives

Tuition Reimbursement

Many firms have a tuition reimbursement program that could apply to the SIP credential program.

Most tuition reimbursement programs have guidelines similar to the following example. In most cases SIP will qualify; however, you should check with your supervisor or Human Resources representative to determine your firm's specific guidelines and SIP's applicability.

 Example Guidelines
SIP Program
Be employed by your firm for a minimum period of time.
Be recommended by your supervisor.
Meet the admission requirements to the educational training program.

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.
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.

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.

Course Test
Level Exam