REVISION TO THE STF CREDIT UTILISATION GUIDELINES


A review of the Guidelines was undertaken in view of the transformation initiatives, which saw the repositioning of Asian Institute of Chartered Bankers and Asian Banking School.

The revised guidelines have been approved by AICB Council at the 183rd Council meeting held on 7 September 2016 and has taken effect since. The revised guidelines set out the eligibility and restriction for utilisation of Credits as per Table 1 below:

ENTITY ELIGIBLE NOT ELIGIBLE EFFECTIVE DATE
AICB All qualifications awarded by AICB or jointly awarded with another professional body.
Fee claimable covers exam sitting, online resources and study text.
Exam fee includes first and subsequent sittings subject to the respective qualification’s limitation.
Membership fee 7/9/2016
ABS All programmes offered by ABS or in collaboration with other strategic partners.
Claimable fee covers trainers’ costs, food and beverages and venue costs directly related to the programme.
Participant’s airfare, ground transport & accommodation.
Exception:
Customised programmes developed by ABS, subject to approval by the AICB Council on a case-to-case basis.
7/9/2016
FSTEP 3-month STF fully sponsored programmes conducted by ABS. Salary of FSTEP students are to be borne by the banks. 1/1/2017
ICLIF / SIDC Programmes jointly organised with AICB and/or ABS, subject to approval by the AICB Council on a case-to-case basis. Programmes organised by ICLIF / SIDC. 1/1/2017
AIF IFCTF on condition that it is jointly organised with AICB and/or ABS.
Claimable fee covers trainers’ costs, food and beverages and venue costs directly related to the programme.
Participant’s airfare, ground transport & accommodation. 7/9/2016
Table 1: STF Credit Entitlement

 

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