Class of Business Training: Structured Deposits

Why this programme matters

Understanding Structured Deposits

Structured deposits combine deposit characteristics with returns linked to an index, asset, interest rate, currency or defined market outcome. Therefore, they can be more complex than ordinary short- or long-term deposits.

In addition, product terms may include participation rates, caps, barriers, call features, early-termination conditions and different levels of capital protection.

Consequently, participants need to understand both the potential return and the circumstances that may lead to limited returns, restricted access or financial loss.

Programme purpose

Develop Responsible Product-Class Knowledge

The programme explains how structured deposits operate, what affects their value and when they may or may not be suitable for a client.

Moreover, it connects product knowledge with needs analysis, reasonable product comparisons, meaningful disclosure, informed consent and reliable records.

However, this broader training must still be applied together with product-specific training and the procedures applicable to the participant’s authorised role.

Quick programme facts

Structured Deposits COB at a Glance

Programme classification

Class of Business training for Structured Deposits Class 6.

Delivery format

Structured online learning through the Nkwali Training platform.

Programme structure

Six lessons covering product mechanics, risks, suitability and advice.

Assessment approach

Knowledge assessments covering the prescribed learning areas.

Suitable participants

Who Should Attend Structured Deposits COB?

This programme is suitable for people who render, manage, oversee or support financial services relating to structured deposits.

Representatives

People who provide advice or intermediary services relating to structured deposits.

Key Individuals

People responsible for managing or overseeing services in this product class.

Financial-Services Employees

Staff who need sound knowledge of structured-deposit features and risks.

Industry Entrants

People preparing to work with structured deposits in an authorised environment.

Practical learning outcomes

What Participants Will Learn

After completing the programme, participants should be better able to understand, compare and explain structured deposits.

Explain the Classification

Explain the Class 6 classification and defining features of structured deposits.

Interpret Product Structures

Interpret linked components, return formulas and contractual conditions.

Evaluate Returns

Calculate simplified outcomes and identify maximum returns and probable losses.

Identify Material Risks

Identify capital, issuer, counterparty, market, liquidity and economic risks.

Assess Client Suitability

Consider objectives, time horizon, liquidity needs and capacity for loss.

Apply Advice Requirements

Apply appropriate advice, disclosure, consent and recordkeeping practices.

Curriculum preview

Structured Deposits Class of Business Curriculum

The curriculum progresses from classification and product mechanics to pricing, risk, client suitability and regulatory application.

LESSON 1

Introduction to Structured Deposits COB

Competence requirements, Class 6 classification, product operation, ordinary-deposit comparisons and the difference between COB and product-specific training.

LESSON 2

Types, Features and Operation

Deposit and investment-linked components, capital protection, participation, caps, barriers, maturity, call features and early termination.

LESSON 3

Pricing, Returns, Fees and Tax

Pricing influences, scenario calculations, maximum returns, probable loss, explicit and embedded costs, tax and net outcomes.

LESSON 4

Risks and Economic Factors

Capital, issuer, counterparty, market and liquidity risks, callable structures, macroeconomic influences and risk mitigation.

LESSON 5

Client Suitability and Product Comparison

Client objectives, time horizon, liquidity, risk tolerance, capacity for loss, alternatives and unsuitable circumstances.

LESSON 6

Advice, Disclosure and Regulatory Application

Role players, legislation, needs analysis, recommendations, disclosure, consent, records of advice and term-sheet analysis.

Programme inclusion

What Is Included in Structured Deposits COB?

Online learning and resources

Six structured online lessons.
Product explanations and practical examples.
Return calculations and product scenarios.
Term-sheet and suitability considerations.
Applicable learner guides and resources.

Assessment and completion

Knowledge assessments across the curriculum.
Automatic recording of online progress.
Completion evidence subject to course requirements.
Online access for the applicable access period.
Support through the designated learner channel.

Course delivery

Structured Deposits COB Online Learning

The programme is delivered online through the Nkwali Training learning platform. Therefore, participants can access the prescribed lessons and complete the learning in a structured sequence.

Each lesson uses focused explanations, practical examples, return scenarios and suitability considerations. In addition, assessments confirm understanding of the relevant learning areas.

Participants must complete the required learning and assessments within the applicable access period. Furthermore, programme-specific instructions will be communicated to confirmed participants.

Practical programme value

Benefits of Structured Deposits COB Training

Clearer Product Explanations

Explain product mechanics and linked returns more clearly.

Improved Risk Awareness

Recognise risks that may not be obvious from the headline return.

Better Term-Sheet Reading

Identify material conditions, barriers, caps and maturity provisions.

Stronger Suitability Assessment

Connect client circumstances to product risks and liquidity restrictions.

Meaningful Disclosure

Explain material risks, costs and limitations before obtaining consent.

Competence Evidence

Support applicable Class 6 competence records maintained by the FSP.

Important distinctions

What Participants and FSPs Should Remember

Structured Deposits Are Class 6

They are distinct from ordinary short- and long-term deposits in Class 5.

Capital Protection May Be Conditional

Protection depends on product terms, issuer obligations and holding conditions.

COB Is Not Product-Specific Training

A representative may still require training on a particular supplier’s product.

Completion Does Not Create Authorisation

The person must still operate within the FSP’s approved authorisation and procedures.

Important Structured Deposits Regulatory Information

Structured Deposits Class of Business training forms part of the competence framework applicable to relevant financial-services roles. However, completion does not replace required product-specific training, supervision, experience, qualifications or regulatory examinations.

In addition, the FSP remains responsible for determining the training applicable to each authorised role and maintaining suitable competence records. Participants and FSPs can review the
FSCA Fit and Proper information
for the official regulatory context.

Ready to Understand Structured Deposits Properly?

Enrol in the Structured Deposits Class of Business training programme and develop practical knowledge of product structures, returns, risks, suitability and advice requirements.

Enrol in the Programme