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The ACI Foundation

    Please click here for the Bursary Programme Application Form

Background

The ACI Foundation was established in 1996 as a UK registered Charity.
The Foundation is managed by a group of Trustees with representation from both within ACI and from outside.


The Foundation's objectives are to advance the education of the public in such subjects relating to money, bonds, derivatives, equity investments, pensions, mortgages and finance generally as the trustees shall determine.

Bursary Program

In the late 90's The ACI Foundation looked at several projects and eventually, in 1998, commissioned its VAR Report looking at the introduction of the Euro. This was published and was extremely well received within the industry.
In 2001 the Foundation decided to establish its Bursary programme in respect of the examination fees for ACI's suite of professional examinations as follows :

1. The ACI Foundation will accept applications for Bursaries in respect of the examination fees for the ACI Dealing Certificate, the ACI Operations Certificate and the ACI Diploma.
2. Bursaries will be limited to a maximum of 50% of the examination fee prevailing at the time of application.
3. Bursaries will be limited to examination fees and will not, at this stage, be made available for training courses for the examinations.
4. Bursaries will be limited to one per candidate at each level of the ACI examination programme. Applicants that take and fail an examination will not be able to apply for a second Bursary for the same examination.
5. Preference will be given to candidates from 'third world/developing' countries although all applications will be considered on their merits.
6. Bursary awards will be limited to 25 in any one country in any year. Applicants excluded by this restriction will be automatically considered in the following year.
7. The Bursary programme is being advertised through ACI's National Associations, in the ACI Briefing, via the training community, the financial press and via the ACI website. Application forms can be obtained from the ACI Secretariat and a copy also follows this announcement. Completed application forms should be submitted to the ACI Secretariat who will be responsible, on behalf of the Trustees, for checking that they are correctly completed. The Secretariat will also carry out the required 'checks' with the appropriate National Association, Regional or Sub-Regional Executive. Once all the necessary checks have been completed the qualifying applications will then be forwarded to the Trustees of The ACI Foundation for consideration.
8. A decision either approving or rejecting the application will then be relayed to the applicant. There will be no appeal process.
9. Bursaries will be distributed after the approved candidate has remitted to ACI the balance of 50% of the examination fees.
On receipt of this the ACI Foundation will issue to the approved candidate a Prometric voucher covering the full examination fees.
The award will be valid for a period of 6 months. If not used in this time frame the applicant will be required to re-apply.
10. Applications for Bursaries will be processed on a 'first come first served ' basis. In the event that the number of applications received exceeds the grants available then the application forms will be returned and the unsuccessful candidates advised accordingly.
11. All applications must be type written and submitted by E-mail.
12. Applicants should allow at least 2 calendar months for the processing of an application and should schedule their examination date according.

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