Training for investors, members and employees of the Argentine Securities Market

Lic. Mónica Erpen IAMC

Executive Director

MERVAL

IAMC

Production of Information Training

Delivery of Information

INSTITUTO ARGENTINO DE MERCADO DE CAPITALES

(1984 – 2011) Provides Stockbrokers and Brokerage Firms with a comprehensive support.Promotes the dynamics of capital markets as an alternative for investors and as a source of corporate financing.

Investors

Private and public entities related to Capital Markets

Investment Professionals

Journalists

Stockbrokers and Brokerage Firms

Companies

INSTITUTO ARGENTINO DE MERCADO DE CAPITALES

Production of Information Training

Delivery of Information

•Periodic Reports: Daily, Monthly, Half-Year

•Yearbook

•Research on capital markets relevant indicators (primary and secondary market).

•Briefing

TrainingPublicationsResearch & Development

•Product development

•Simulation Spreadsheets: 2005 and 2010 Sovereign Debt Restructuring

GDP Warrants’ Payments

•Fixed Income Calculator (both for sovereign and sub-sovereign bonds)

•Contributor to Thomson Reuters and Bloomberg

All of them, freely avaliable at : www.iamc.sba.com.ar

Book: “Capital Markets. Handbook for non-specialists”(Jointly published with UBA. 3rd edition available at bookstores)

INSTITUTO ARGENTINO DE MERCADO DE CAPITALES

• Regular Training Courses: Periodic, Specific, In-company

• Certified Financial Advisor Program (AFC)

• Active participation in Seminars, Conferences, and Faculty Chairs

• Strategic Alliances (UBA Postgraduate Course, Thomson Reuters, UBA, IAEF, Chamber of Trusts and Direct Investment Funds)

• PRO.DI.BUR (Programa de Difusión Bursátil - Capital Markets Promotion Program)

Capital Markets Operator – 4-month-course. Since 1984.Expert in Capital Markets – 1-year-course. Since 1992. Advance Program in Capital Markets (for residents of the provinces). Since 2007.

+ 8,000 students trained in

all coursesAnti-Money Laundering.Corporate Valuation.Corporate Financing depending on the companies’ tax situation.Financial Calculus applied to Capital Markets.Options – Intensive Workshop.Portfolio Management.Technical Analysis.Trust Funds and Direct Investment Funds: Theory and Practice.

Regular Training Courses

Specific Training Courses

INSTITUTO ARGENTINO DE MERCADO DE CAPITALES

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Capital Markets Institutions

Investors

Universities

Secondary Schools

3,964

13,883

17,256

15,237

9,0447,760

5,9455,975

2,554

12,039

9,76410,886

More than 110,000

enrollments

PRO.DI.BUR - Enrollments per year

Declared of educational interest both by province and national Ministries for Education. With participants from all over the country. Participation is completely free of charge

PRO.DI.BUR Secondary Schools PRO.DI.BUR Universities

PRO.DI.BUR

Evolution of the Program

0

25

50

75

100

125

150

175

200

225

250

275

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Year

Num

ber o

f sch

ools

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Num

ber o

f Stu

dent

s

Number of schools

Number of students

0

10

20

30

40

50

60

70

80

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Year

Can

tidad

de

Col

egio

s

0

275

550

825

1,100

1,375

1,650

1,925

2,200

Can

tidad

de

Alu

mno

s

Universidades

Alumnos

Prizes:A contest of Theory and Practice

2 prizes of ARS5,000 in shares, respectively

ARS30,000 to buy books and educational material

• Investors I (1st half of the year)• Investors II (2nd half of the year) / “El Gran Inversor”

• Secondary Schools

• Universities and Boards of Professionals

Netbooks

PRO.DI.BUR

With the sponsorship of all the institutions of theArgentine Securities Market

Investors Profile

Some results from the questionnaires answered voluntarily by participants between 2007 and 2011:

• 19,861 enrolled participants.

• All the provinces were represented: 31% of the participants live in a province.

• 62% of the participants are between the 18 and 35 year-age group.

• Almost 59% have never invested in securities (67% in 2007 and 62% in 2009).

PRO.DI.BUR

No59%

n/d9%Yes

32%

Have you ever invested in capital markets?

48 to 5910%

+ 605%

37 to 4718%

26 to 3639%

n/a5%

18 to 2523%

Participants per age group

Professionals, students and employees have a similar participation in total enrollment.

Internet and the newspapers are the main media channels by which participants learn about PRO.DI.BUR.

PRO.DI.BUR

Internet69%

Newspapers and

Magazines9%

TV2%

Radio5%Others

15%

Housewife2% Employee

27%

Student24%

Others14%

Professional33%

Participants by occupationMedia channels used to learn about PRO.DI.BUR

www.iamc.sba.com.ar