In a statement released by its Board of Education, the Association announced that a total of 976 examinations were taken during the course of the past year. The breakdown of this number by examination type is as follows:
ACI Dealing Certificate 690
ACI Settlements Certificate 148
ACI Diploma 138
Additionally 7 candidates sat for the electronic version of the Wholesale Markets Brokersâ Association (WMBA) certificate examination and 6 candidates sat the separate Model Code examination, which forms part of the ACI recognition criteria for the WMBA Certificate.
There was a wide geographic spread of candidates among the various ACI regions as follows:
Asia Pacific 4.1%
Middle East and Africa 33.9%
ACIâs Board of Education commented that the numbers have continued to increase which is encouraging. Regionally, Europe has increased registrations in 2004 with the Middle East and Africa in a holding pattern similar to 2003. Asia Pacific and the Americas show steady growth.
The developing markets have shown great initiatives this year in working towards establishing professional standards for both front office staff and the support functions of their financial institutions. This will have a bearing on their standing in the international financial services marketplace.
The ACI Foundation offers a Bursary programme, which assists candidates from developing countries. The Bursary covers 50% of the examination fees thus encouraging more candidates to hold an ACI qualification. Since the establishment of the programme in 2001 the Foundation has approved over 100 grants to candidates from around the world.