INTERNATIONAL CREDIT DIPLOMA
Acquire an Industry-Recognized Qualification
Developed by ESLSCA Executive Education Committee in consultation with senior credit practitioners, the International Credit Diploma (ICD) is a specialist professional certification that demonstrates achievement of the professional standard of core competency for credit personnel in the financial services industry.
 
ESLSCA Executive Education
Innovation is the key to your organization's success. Transforming valuable ideas into marketable products or services isn't easy, it requires visionary leadership. We believe that the insights, knowledge, and skills needed for this type of leadership are acquired through comprehensive learning Journey. 
ESLSCA executive education is the professional development arm of the Leading European Business School; Ecole Supérieure Libre des Sciences Commerciales Appliquées, ESLSCA. OUR programs aim at educating and developing managers to face and overcome business challenges in a rapidly changing world through a unique spectrum of advanced Professional programs & Consultancy Services. 
What makes OUR programs so dynamic is the absence of boundaries. Invention here is cross-cultural, multi-disciplinary, and a result of one key common denominator: EXCELLENCE.
 
OVERVIEW 
The 250-hour training Diploma delivers a hands-on, practical approach, to principal investing (buy-side) and investment banking (sell-side); by dramatically improving participants’ accounting, financial, analytical, product awareness, lending techniques, legal, and real cases with life road show. 
ICD developed by ESLSCA Business School Committee of Senior Credit Practitioners
All coursework is completed in class (some assignments needed as homework) and conducted in real time (never recorded); under the direction of a lead trainer. Most importantly, the participant stands to benefit considerably from the fact that all content is entirely original (templates are never utilized); which allows the participant to put into practice, and even master in some cases, the most advanced formulas, tables, filters, macros, and other  such as Lookup, Reference, Statistical, Mathematical, Logical, and Financial functions, among others.
By the end of the Diploma, participant will be expected to know how to plan, develop, quantify, and test a fully-integrated financial model, with a highly detailed income statement, cash flow statement, and balance sheet, in addition to the customary build-up sheets with operating, financial, and strategic drivers. 
At the same time, the course also aims to demystify some of the more abstract language and technical definitions used in the world of finance, when trying to understand highly complex transactions such as buyout, IPO, mergers vs. acquisitions, and advanced cash flow with sensitivity analysis etc. In addition, given the emphasis of the course on structured investing, special attention is placed on mezzanine financing, and the treatment of products and trade finance, as means of achieving a pre-determined target return (ROE, ROA). At the end of the course, we provide professional certification (with a stamped and sealed Diploma) to those that successfully complete the 250-hour training program (attendance is mandatory). 
 
ICD Outline 
Below we have provided the course syllabus for 250-hour training program. For more detailed information on some of the topics covered in class, please refer to the financing & valuation section below.
 
Modules:
Accounting (40 hrs.)
  • Accounting  principles
  • Managerial accounting.
  • Accounting for investments and consolidation
  • Additional topics important to be focus on (Bonds, WI , cash flow, equity side,  operating leverage )
Industry analysis and Economics.            (18 hrs.)
  • Describe all types of industries and main characteristics for each one.
  • Recognize how the industry characteristics affect the company’s operation
  • Mark out and Apply some of the industry common international practice templates
  • Point out the key successful factors (KSF) for each business model
  • Analyze the economic indicators in relation to the industry performance
  • Conduct some industry analysis.
  • Criticize the industry as an external factor affects the company’s operation
  • Do a case study to practice. 
Financial statements analysis                       (36 hrs.)
  • Understanding and practice spreading mechanics for different financial statements
  • Identify the asset conversion cycle & evaluate the risks associated with the different stages of the cycle.
  • Evaluating a company’s asset management
  • Evaluating a company’s profit management
  • Evaluating financial risk
  • DUPONT formula
  • Do a case study to practice. 
Lending rationales                 (18 hrs.)
  • Define the proper lending approach according to the company’s business needs.
  • Recognize the characteristics of the asset conversion and asset protection loans, and differentiate them from the cash flow loans.
  • Define all types of funding including the subordinated loans and
  • Calculate the company's borrowing base.
  • Formulate  the liquidation analysis and manipulate  the high point liquidation mechanism
Cash flow Analysis;          (15 hrs.)
  • Know how cash flow was derived.
  • Know How to construct a cash flow statement either 6 Blocks format or international format (3 Blocks)
  • Analyze the cash flow management (source/use, investing activities and financing activities)
  • Know What is the analytical content of 6 blocks format and relative analysis to assess debt service capacity.
  • Do case studies to practice.

Projection Analysis;           (15 hrs.)

  • What is the most common technics to project a company's financial performance
  • Know How to forecast Sales and cost in terms of Price, Quantity, FX, Variable and Fixed Cost.
  • Understanding how to forecast a company's fixed assets expansions, annual maintenance and depreciation expense
  • Know How to construct Loan Run-Off and repayment schedule.
  • Know how to calculate the company's new money needs "NMN"
  • Do a case study to practice. 
Contract finance          (12 hrs.)
  • Export contract finance    
  • Contractor finance    
  • Finance against supply orders/contract.    
  • Asset investment appraisal.

Credit structure techniques          (18 hrs.)

  • Identify the company’s funding needs and what the proper lending type according to the company’s business needs    
  • Recognize the main characteristics of credit facilities and differentiate between them.
  • Understand how to structure credit facilities
  • Understanding the common terms and condition, covenants and undertakings that should be included in the Term sheet and rational of each type of terms and conditions.
  • Understanding the main strategies to deal with problematic loans.
  • Do a case study to practice. 
Real case Road show        (15 hrs.)
 
Capital budgeting tech. & Project Evaluation          (15 hrs.)
 
Structured products.           (8 hrs.)
  • IPO
  • Acquisition finance
  • Management/ leverage buy out
  • Share finance

Credit control & risk management                     ( 10 hrs. )

Trade finance and products         (15 hrs.)

  • Trade finance traditional products
  • Cash management

Legal applications         ( 15 hrs. )

Credit case defense                                                       ( 15 hrs. )

General Topics [Financial Modeling]
  • Financial Statement Analysis (10-K, 10-Q, Annual, Semiannual and Interim Reports)
  • Statistical Analysis (LTM, LQA, Calendarized, Annualized and Projected Estimates)
  • Ratio Analysis (Leverage, Coverage, Valuation and Performance Analysis)
  • Operating Analysis (Growth, Margin, Multiple and Dollar Figure Analysis)
  • Weighted Average Cost of Capital (Debt, Equity and Preferred Structures)
  • Weighted Average Cost of Debt (Pre-Tax and After Tax Cost of Debt Calculation)
  • Tax Analysis (Cash Taxes, Deferred Taxes, NOL Calculation & Deductible Expenses)
  • Sensitivity & Case Scenario Analysis (Operating, Financial and Strategic Assumptions)
  • Stub-Period Calculation (Partial Fiscal/Calendar Year Estimate of Financial Statements)
  • Industry Drivers (Consumer, Transportation, Industrials, Utilities, Media and Healthcare)
Financing Topics [LBO Analysis]
  • Income Statement, Cash Flow and Balance Sheet (Historical & Projected Figures)
  • Sources & Uses of Funds (Pro-Forma Adjustments, Internal and External Financing)
  • Debt Analysis (Senior Debt, Subordinated Debt, Mezzanine Debt and Convertible Debt)
  • Equity Analysis (Preferred Equity, Convertible Preferred Equity, Common Stock Equity)
  • Cash Flow Sweep Analysis (Scheduled & Non-Scheduled Capital & Funding Obligations)
  • Working Capital & Non-Capex Related Investments (Current & Non-Current Accounts)
  • Capex Investments and D&A Schedule (Tangible & Intangible Book/Tax Capitalization)
  • Debt Pricing Matrix (IRR Optimization for Convertible and Non-Convertible Debt)
  • Equity Pricing Matrix (IRR Optimization for Convertible and Non-Convertible Equity)
  • IRR Analysis (Fees, Interest, Principal, Warrants, Payouts, Dividends and Exit Valuation)
Valuation Topics [M&A Analysis] 
  • Purchase Price Analysis (Enterprise & Equity Valuation)
  • Market Multiple Valuation (Current Valuation Estimates)
  • Transaction Multiple Valuation (Historical Valuation Estimates)
  • Free Cash Flow Valuation (Exit Multiple & Perpetuity Growth Method)
  • Net Asset & Book Valuation (Tangible Value and Liquidation Scenario)
  • Market Capitalization Range (IPO Price and Current Market Valuation)
  • Other Valuation Methodologies (15 Alternative Methods for Equity Valuation)
  • Control Premium Determination and Break-Even Earnings & Ability-to-Pay Analysis
  • Accretion/Dilution Analysis (PF Cash & Non-Cash Adjustments & Earnings Estimates)
  • Ownership & Share Analysis (Common and Preferred, Basic and Fully-Diluted Shares)
  • Equity Valuation & Pricing Matrix (Statistical Range known as the "Valuation Football Field")
Advanced Topics [Structuring & Execution]
  • Financial Modeling (Cash Flow & Leverage Maximization)
  • Valuation Analysis (Purchase Price & Capital Diversification)
  • Pre and Post-Money Valuation Techniques (Venture Capital)
  • Security Pricing (Equity, Mezzanine, Convertibles, Preferred)
  • Financial Accounting (U.S. GAAP and International Reporting)
  • Equity Kickers (Stock, Options, Warrants, Royalties & Dividends)
  • Relative and Absolute Return Optimization (% IRRs and/or $ NPVs)
  • Fund Formation (Type, Size, Focus, Returns, Holding, Funding & Deals)
  • Asset Classes (Buyout, Mezzanine, Venture, Distressed & Reverse LBOs)
  • M&A Analysis & Business Combinations (Carve-Outs, Split-Ups & Spin-Offs)
  • Due Diligence Analysis (Accounting, Business, Financial, Legal, and Taxation)
  • Deal Sourcing & Fund Raising (Retail, Financial, and Institutional Relationships)
  • Portfolio Management (Financial, Operational and Strategic Investment Support)
  • Exit Strategy & Liquidity Event (Buyout, Recap, M&A, IPO, 144A, Chapter 7 & 13)
  • Fund & Investment Vehicles: Off-Shore SPV's (HoldCo) and On-Shore LLC's (OpCo)
  • Industry Analysis (Consumer, Industrial, Healthcare, Transportation, Utilities & Media)
  • Investment Research (Sovereign, Market, Industry, Sector, Segment & Company Data)
  • Drafting of Deal Documentation (Purchase Agreements, Term Sheets, Engagement Letters)
  • Drafting of Fund Documentation (L.P. Agreements, G.P. Agreements & Claw-Back Provisions)
  • Drafting of Public Documentation (Corporate By Laws, Credit Agreements, Merger Agreements)
Teaching-Methodology.
Our training methodology is based upon a simple four step process: (1) conceptual understanding, (2) analytical skills building, (3) testing, and (4) real life cases and implementation. During the 250-hours of training, students will learn how to carefully plan, design, and implement a highly sophisticated financial analysis model from scratch (sheet-by-sheet), by utilizing the most advanced financial modeling techniques. Further, it is important to note that throughout this learning process, we do not utilize templates of any kind, in order to ensure the highest possible transfer of knowledge, from the instructor to the student. Our teaching technique is one of the most comprehensive ones, in terms of general content (accounting, finance, products and real life cases) and course length (250-hours of training).
 
1. Lecture 
A common method of teaching and training involving transfer of information from the lecturer to the participants. It is an effective approach to introduce new concepts or information to the participants and also to build upon the existing knowledge. The participants is expected to reflect on the subject and seek clarifications on the doubts. 
 
2. Group Discussions 
It is a sort of brain storming in which all the members in a group expresses their ideas, views and opinion on a given topic, It is a free flow and exchange of knowledge among the participants and the Lecturer. 
 
3. Individual /Group Exercise 
Exercises are often introduced to find out how much the participant has assimilated. This method involves imparting instructions to participants on a particular subject through use of written exercises. In the group exercises, the entire class is divided into small groups, and members are asked to collaborate to arrive at a consensus or solution to a problem. 
 
4. Case Study 
Enables the participants to experience a real life situation. It may be on account of events in the past or situations in the present, in which there may be one or more problems to be solved and decisions to be taken. The basic objective of a case study is to help participants diagnose, analyze and/or solve particular problem and to make them to internalize the critical inputs delivered in the training. Questions are generally given at the end of the case study to direct the participants and to stimulate their thinking towards possible solutions. 
 

Program:

 Number of Hours  270 Training Hours- 15 Module
 Duration  9 months
 Total Price  22,500 LE

 

 Module  Training Hours
Accounting 40
Industry Analysis & Economics 18
Financial Statement Analyses & Asset Conversion Cycles 36
Lending Rationales 18
Cash Flow Mechanics 15
Projection Analysis 15
Contract Finance 12
Credit Structure Techniques 18
Trade Finance & Products 15
Real Case Road Show 15
Capital Budgeting Techniques & Project Evaluation 15
Structures Products 8
Credit Control & Risk Management 10
Legal Applications 15
Credit Case Defenses "Graduation Project" 21



Admission & Registration steps:

1-Bring the following documents to admission department in Mohandessin or Heliopolis campus to fill your application:  

  • Copy of an ID
  • 2 Personal Photos
  • Updated Resume (C.V)
  • HR Letter

 
Fees required, from the admission process till graduation, will be in order as follows:

  • Application Fees: 200 LE (Nonrefundable)
  • ICD Tuition fees includs studying materials or books paid.
  • ESLSCA Students are privileged 40% Discount.
  • ESLSCA Corporate Clients are privileged 20% Discount
  • ESLSCA Alumni are privileged 20% Discount.
  • Tuition fees should be paid one week before Starting Date. 

 

Withdrawals, Cancellations, Refund Policy:

 Prior to first day of Training Program  100% cancellation of tuition and course-associated fees
 After first Lecture of Training Program  85% credit of tuition only
 After second lecture of Training Program  80% credit of tuition only
 After third Lecture of Training Program  60% credit of tuition only
 After fourth Lecture of Training Program  NO CANCELLATION OF TUITION OR FEES


Note: Any absence for more than 25% of the training Program will deprive the trainee from obtaining the certificate.  

***Dates are subjected to change